• Novartis AG average current ratio for 2023 was 1.05, a 19.85% decline from 2022.
• Novartis AG average current ratio for 2022 was 1.31, a 33.67% decline from 2021.
• Novartis AG average current ratio for 2021 was 0.98, a 16.67% increase from 2020.

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