• Masimo average current ratio for 2023 was 2.15, a 22.66% decline from 2022.
• Masimo average current ratio for 2022 was 2.78, a 42.68% decline from 2021.
• Masimo average current ratio for 2021 was 4.85, a 6.37% decline from 2020.

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