• Novo Nordisk average current ratio for 2023 was 0.85, a 7.61% increase from 2022.
• Novo Nordisk average current ratio for 2022 was 0.92, a 3.16% decline from 2021.
• Novo Nordisk average current ratio for 2021 was 0.95, a 6.86% decline from 2020.

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