• Nordson average current ratio for 2023 was 1.73, a 4.22% increase from 2022.
• Nordson average current ratio for 2022 was 1.66, a 36.4% increase from 2021.
• Nordson average current ratio for 2021 was 2.61, a 11.82% decline from 2020.

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