• Timken average current ratio for 2023 was 2.23, a 11.86% increase from 2022.
• Timken average current ratio for 2022 was 2.53, a 1.61% decline from 2021.
• Timken average current ratio for 2021 was 2.49, a 7.43% increase from 2020.

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