• Dolby Laboratories average current ratio for 2023 was 3.84, a 24.85% increase from 2022.
• Dolby Laboratories average current ratio for 2022 was 5.11, a 10.98% decline from 2021.
• Dolby Laboratories average current ratio for 2021 was 5.74, a 5.13% decline from 2020.

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