• Silicon Laboratories average current ratio for 2023 was 3.76, a 52.64% increase from 2022.
• Silicon Laboratories average current ratio for 2022 was 7.94, a 38.57% decline from 2021.
• Silicon Laboratories average current ratio for 2021 was 5.73, a 19.13% increase from 2020.

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