• Spirax Group average current ratio for 2023 was 1.77, a 7.27% increase from 2022.
• Spirax Group average current ratio for 2022 was 1.65, a 18.72% increase from 2021.
• Spirax Group average current ratio for 2021 was 2.03, a 23.11% decline from 2020.

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