• Hologic average current ratio for 2023 was 4.05, a 6.58% decline from 2022.
• Hologic average current ratio for 2022 was 3.8, a 62.39% increase from 2021.
• Hologic average current ratio for 2021 was 2.34, a 32.95% increase from 2020.

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