• Nippon Paint Holdings average current ratio for 2023 was 1.85, a 21.71% decline from 2022.
• Nippon Paint Holdings average current ratio for 2022 was 1.52, a 6.75% increase from 2021.
• Nippon Paint Holdings average current ratio for 2021 was 1.63, a 14.66% decline from 2020.

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