• Alkermes average current ratio for 2023 was 2.72, a 19.82% increase from 2022.
• Alkermes average current ratio for 2022 was 2.27, a 9.56% increase from 2021.
• Alkermes average current ratio for 2021 was 2.51, a 7.72% decline from 2020.

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