• Waters average current ratio for 2023 was 2.18, a 0.91% decline from 2022.
• Waters average current ratio for 2022 was 2.2, a 7.56% decline from 2021.
• Waters average current ratio for 2021 was 2.38, a 22.68% decline from 2020.

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