• Semtech average current ratio for 2023 was 2.08, a 55.08% increase from 2022.
• Semtech average current ratio for 2022 was 4.63, a 7.42% decline from 2021.
• Semtech average current ratio for 2021 was 4.31, a 4.43% increase from 2020.

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