• Badger Meter average current ratio for 2023 was 3.25, a 2.85% increase from 2022.
• Badger Meter average current ratio for 2022 was 3.16, a 4.29% increase from 2021.
• Badger Meter average current ratio for 2021 was 3.03, a 14.89% increase from 2020.

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