• VALE S.A average current ratio for 2023 was 1.16, a 4.13% decline from 2022.
• VALE S.A average current ratio for 2022 was 1.21, a 24.84% decline from 2021.
• VALE S.A average current ratio for 2021 was 1.61, a 5.85% decline from 2020.

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