• Lowe's average current ratio for 2023 was 1.21, a 7.08% decline from 2022.
• Lowe's average current ratio for 2022 was 1.13, a 4.24% increase from 2021.
• Lowe's average current ratio for 2021 was 1.18, a 3.28% decline from 2020.

Current ratio can be defined as a liquidity ratio that measures a company's ability to pay short-term obligations.