Watts Water Technologies Inc (WTS)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,083,500 | 1,061,000 | 950,600 | 861,500 | 709,500 |
| Total current liabilities | US$ in thousands | 417,900 | 405,800 | 378,700 | 408,500 | 312,800 |
| Current ratio | 2.59 | 2.61 | 2.51 | 2.11 | 2.27 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,083,500K ÷ $417,900K
= 2.59
The current ratio of Watts Water Technologies Inc has exhibited a generally stable trend over the past five years. It stood at 2.27 on December 31, 2020, and experienced a slight decrease to 2.11 by December 31, 2021. However, the company improved its current ratio in the following years, reaching 2.51 by December 31, 2022, 2.61 by December 31, 2023, and maintaining a strong position at 2.59 as of December 31, 2024. This indicates that the company has maintained a healthy level of liquidity, with a sufficient amount of current assets to cover its current liabilities in the near term. Overall, the trend in Watts Water Technologies Inc's current ratio reflects a consistent ability to meet its short-term obligations over the specified period.
Peer comparison
Dec 31, 2024