• Waters average current ratio for 2024 was 2.04, a 6.42% decline from 2023.
• 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.

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