• Biogen average current ratio for 2023 was 2.55, a 8.05% decline from 2022.
• Biogen average current ratio for 2022 was 2.36, a 21.03% increase from 2021.
• Biogen average current ratio for 2021 was 1.95, a 3.47% increase from 2020.

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