• Terumo average current ratio for 2023 was 1.89, a 41.3% increase from 2022.
• Terumo average current ratio for 2022 was 3.22, a 15.41% decline from 2021.
• Terumo average current ratio for 2021 was 2.79, a 8.98% increase from 2020.

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