• Bayer average current ratio for 2023 was 1.19, a 2.59% increase from 2022.
• Bayer average current ratio for 2022 was 1.16, a 0% increase from 2021.
• Bayer average current ratio for 2021 was 1.16, a 4.5% decline from 2020.

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