• Cisco average current ratio for 2023 was 1.41, a 2.76% decline from 2022.
• Cisco average current ratio for 2022 was 1.45, a 7.05% decline from 2021.
• Cisco average current ratio for 2021 was 1.56, a 7.14% decline from 2020.

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