• NIKE average current ratio for 2023 was 2.77, a 0.36% decline from 2022.
• NIKE average current ratio for 2022 was 2.76, a 6.12% increase from 2021.
• NIKE average current ratio for 2021 was 2.94, a 22.5% decline from 2020.

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