Waters Balance Sheet Health
Financial Health criteria checks 5/6
Waters has a total shareholder equity of $2.0B and total debt of $1.5B, which brings its debt-to-equity ratio to 74.5%. Its total assets and total liabilities are $4.6B and $2.6B respectively. Waters's EBIT is $845.2M making its interest coverage ratio 13.8. It has cash and short-term investments of $382.9M.
Key information
74.53%
Debt to equity ratio
US$1.46b
Debt
| Interest coverage ratio | 13.8x |
| Cash | US$382.87m |
| Equity | US$1.96b |
| Total liabilities | US$2.63b |
| Total assets | US$4.59b |
Recent financial health updates
Is Waters (NYSE:WAT) A Risky Investment?
Nov 21
Does Waters (NYSE:WAT) Have A Healthy Balance Sheet?
Aug 06Recent updates
Waters Corporation's (NYSE:WAT) Shares May Have Run Too Fast Too Soon
May 07Waters Corporation: Still A Hold After Q1 Earnings
May 06Is Waters Corporation (NYSE:WAT) Trading At A 24% Discount?
Apr 19Waters Corporation: Instrument Replacement Cycle Momentum, But Valuation Is A Concern
Feb 21Waters Corporation's (NYSE:WAT) Share Price Could Signal Some Risk
Feb 01Weighing In On Waters Corporation: Facing A Valuation Headwind
Jan 29Should You Investigate Waters Corporation (NYSE:WAT) At US$377?
Dec 27Is Waters (NYSE:WAT) A Risky Investment?
Nov 21Waters Corp: Short Reinvestment Runway Diminishes High Multiples
Nov 13Waters Corporation's (NYSE:WAT) Price Is Out Of Tune With Earnings
Sep 11A Look At The Fair Value Of Waters Corporation (NYSE:WAT)
Aug 24Waters Corp.: Embedded Expectations High Under Present Conditions
Aug 15Does Waters (NYSE:WAT) Have A Healthy Balance Sheet?
Aug 06Should You Think About Buying Waters Corporation (NYSE:WAT) Now?
Jul 19Waters Corporation: Still Struggling A Bit
May 24Waters Corporation: A Great (Share Price) Run
Mar 11Waters Corporation: High Quality Niche Company In Mass Spectrometry
Dec 28Waters Corporation: Appealing Levels Are Offset By Weaker Performance
Nov 13Waters Corporation: Buybacks Ceased, Incremental Returns Languishing (Rating Downgrade)
Sep 27Waters Corporation: Temporary Headwinds Present A Buying Opportunity
Jul 18Waters Q4 2022 Earnings Preview
Feb 14Waters Corp.: Now Best Price-Positioned Medical Services Stock
Feb 02Waters Corporation: Tactical Buy Seeking Upside Objectives Of $345, $363
Nov 16Waters Q3 2022 Earnings Preview
Oct 31Waters announces €6M R&D investment at Wexford facility
Oct 07Financial Position Analysis
Short Term Liabilities: WAT's short term assets ($1.7B) exceed its short term liabilities ($961.0M).
Long Term Liabilities: WAT's short term assets ($1.7B) exceed its long term liabilities ($1.7B).
Debt to Equity History and Analysis
Debt Level: WAT's net debt to equity ratio (55%) is considered high.
Reducing Debt: WAT had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: WAT's debt is well covered by operating cash flow (51.9%).
Interest Coverage: WAT's interest payments on its debt are well covered by EBIT (13.8x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/06/12 17:21 |
| End of Day Share Price | 2025/06/12 00:00 |
| Earnings | 2025/03/29 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Waters Corporation is covered by 41 analysts. 19 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Catherine Ramsey Schulte | Baird |
| Charles Butler | Barclays |
| Luke Sergott | Barclays |