• Petroleo Brasileiro S.A.- Petrobras average current ratio for 2023 was 1.01, a 19.2% decline from 2022.
• Petroleo Brasileiro S.A.- Petrobras average current ratio for 2022 was 1.25, a 1.63% decline from 2021.
• Petroleo Brasileiro S.A.- Petrobras average current ratio for 2021 was 1.23, a 6.96% increase from 2020.

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