• Onto Innovation average current ratio for 2023 was 8.52, a 34.17% increase from 2022.
• Onto Innovation average current ratio for 2022 was 6.35, a 5.13% increase from 2021.
• Onto Innovation average current ratio for 2021 was 6.04, a 8.07% increase from 2020.

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