• Nokia average current ratio for 2023 was 1.61, a 1.9% increase from 2022.
• Nokia average current ratio for 2022 was 1.58, a 1.25% increase from 2021.
• Nokia average current ratio for 2021 was 1.6, a 7.38% decline from 2020.

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