• Norsk Hydro average current ratio for 2023 was 1.98, a 1.54% decline from 2022.
• Norsk Hydro average current ratio for 2022 was 1.95, a 2.5% increase from 2021.
• Norsk Hydro average current ratio for 2021 was 2, a 3.85% decline from 2020.

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