• Snap-On average current ratio for 2023 was 3.68, a 11.52% increase from 2022.
• Snap-On average current ratio for 2022 was 3.3, a 17.86% increase from 2021.
• Snap-On average current ratio for 2021 was 2.8, a 0.72% increase from 2020.

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