• Mattel average current ratio for 2023 was 2.36, a 21.03% increase from 2022.
• Mattel average current ratio for 2022 was 1.95, a 6.56% increase from 2021.
• Mattel average current ratio for 2021 was 1.83, a 12.27% increase from 2020.

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