• Ulta Beauty average current ratio for 2023 was 1.62, a 3.18% increase from 2022.
• Ulta Beauty average current ratio for 2022 was 1.57, a 11.8% increase from 2021.
• Ulta Beauty average current ratio for 2021 was 1.78, a 18.72% decline from 2020.

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