• Exelixis average current ratio for 2023 was 4.21, a 28.52% decline from 2022.
• Exelixis average current ratio for 2022 was 5.89, a 4.07% decline from 2021.
• Exelixis average current ratio for 2021 was 6.14, a 23.06% decline from 2020.

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