• NetApp average current ratio for 2023 was 1.26, a 13.1% decline from 2022.
• NetApp average current ratio for 2022 was 1.45, a 17.14% decline from 2021.
• NetApp average current ratio for 2021 was 1.75, a 24.11% decline from 2020.

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