• Merck average current ratio for 2023 was 1.34, a 6.29% increase from 2022.
• Merck average current ratio for 2022 was 1.43, a 16.26% decline from 2021.
• Merck average current ratio for 2021 was 1.23, a 3.36% increase from 2020.

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