• Michelin average current ratio for 2023 was 1.74, a 2.35% increase from 2022.
• Michelin average current ratio for 2022 was 1.7, a 1.16% increase from 2021.
• Michelin average current ratio for 2021 was 1.72, a 1.78% decline from 2020.

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