• Philip Morris average current ratio for 2023 was 0.84, a 2.33% increase from 2022.
• Philip Morris average current ratio for 2022 was 0.86, a 19.63% decline from 2021.
• Philip Morris average current ratio for 2021 was 1.07, a 1.83% decline from 2020.

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