• Textron average current ratio for 2023 was 1.89, a 17.47% decline from 2022.
• Textron average current ratio for 2022 was 2.29, a 13.58% decline from 2021.
• Textron average current ratio for 2021 was 2.65, a 16.23% decline from 2020.

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