• Nidec average current ratio for 2023 was 1.6, a 11.89% increase from 2022.
• Nidec average current ratio for 2022 was 1.43, a 4.67% increase from 2021.
• Nidec average current ratio for 2021 was 1.5, a 5.63% decline from 2020.

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