• Insmed average current ratio for 2023 was 5, a 13.94% decline from 2022.
• Insmed average current ratio for 2022 was 5.81, a 25.7% decline from 2021.
• Insmed average current ratio for 2021 was 7.82, a 7.86% decline from 2020.

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