• Watts Water Technologies average current ratio for 2023 was 2.61, a 9.21% decline from 2022.
• Watts Water Technologies average current ratio for 2022 was 2.39, a 11.68% increase from 2021.
• Watts Water Technologies average current ratio for 2021 was 2.14, a 6.14% increase from 2020.

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