• Watsco average current ratio for 2023 was 3.05, a 18.22% increase from 2022.
• Watsco average current ratio for 2022 was 2.58, a 0.39% increase from 2021.
• Watsco average current ratio for 2021 was 2.59, a 8.8% decline from 2020.

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