• NIO average current ratio for 2023 was 1.15, a 32.35% decline from 2022.
• NIO average current ratio for 2022 was 1.7, a 30.33% decline from 2021.
• NIO average current ratio for 2021 was 2.44, a 31.18% decline from 2020.

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