• Trimble average current ratio for 2023 was 1.22, a 12.96% decline from 2022.
• Trimble average current ratio for 2022 was 1.08, a 12.9% increase from 2021.
• Trimble average current ratio for 2021 was 1.24, a 29.17% decline from 2020.

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