• Pentair average current ratio for 2023 was 1.6, a 10.34% decline from 2022.
• Pentair average current ratio for 2022 was 1.45, a 13.28% increase from 2021.
• Pentair average current ratio for 2021 was 1.28, a 10.49% increase from 2020.

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