• Cirrus Logic average current ratio for 2023 was 5.49, a 52.5% decline from 2022.
• Cirrus Logic average current ratio for 2022 was 3.6, a 6.51% increase from 2021.
• Cirrus Logic average current ratio for 2021 was 3.38, a 18.75% increase from 2020.

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