Flory's statistical theory (FST) has been employed to estimate the ultrasonic velocity, density, internal pressure, and several important thermophysical parameters such as the energy of vaporization, the heat of vaporization, cohesive energy density, polarity index, and solubility for eight binary mixtures of ionic liquids and water within the temperature range of 288.15 to 308.15 K. The ionic liquids chosen for this investigation areThe predicted values of ultrasonic velocity and density show good agreement with the data reported in the literature. It endorses the applicability of FST to these binary mixtures. A comparative analysis of the internal pressure values (P i ) determined by using FST and the standard thermodynamic approach is also presented. The results obtained for P i using both approaches show good agreement. Besides, for the mixtures under study, the correlation between ultrasonic velocity, density, and surface tension has also been examined. The variation of thermophysical parameters with concentration and temperature changes has been utilized to explore the nature and strength of the solute−solvent interactions prevalent in these mixtures. It is pointed out that A−A-type interactions dominate over A-B-type interactions in water-rich regions of the mixtures.