• Cencora average current ratio for 2023 was 0.88, a 4.35% decline from 2022.
• Cencora average current ratio for 2022 was 0.92, a 6.12% decline from 2021.
• Cencora average current ratio for 2021 was 0.98, a 0% decline from 2020.

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