• Cognex average current ratio for 2023 was 4.2, a 5% decline from 2022.
• Cognex average current ratio for 2022 was 4, a 8.4% increase from 2021.
• Cognex average current ratio for 2021 was 3.69, a 15.56% increase from 2020.

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