• Medtronic average current ratio for 2023 was 2.22, a 13.85% decline from 2022.
• Medtronic average current ratio for 2022 was 1.95, a 26.14% increase from 2021.
• Medtronic average current ratio for 2021 was 2.64, a 18.39% decline from 2020.

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