• Thermo Fisher Scientific average current ratio for 2023 was 1.52, a 5.59% increase from 2022.
• Thermo Fisher Scientific average current ratio for 2022 was 1.61, a 35.6% decline from 2021.
• Thermo Fisher Scientific average current ratio for 2021 was 2.5, a 0% decline from 2020.

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