Waters Balance Sheet Health
Financial Health criteria checks 4/6
Waters has a total shareholder equity of $1.6B and total debt of $1.9B, which brings its debt-to-equity ratio to 115.6%. Its total assets and total liabilities are $4.5B and $2.9B respectively. Waters's EBIT is $816.7M making its interest coverage ratio 9.7. It has cash and short-term investments of $331.5M.
Key information
115.6%
Debt to equity ratio
US$1.85b
Debt
| Interest coverage ratio | 9.7x |
| Cash | US$331.46m |
| Equity | US$1.60b |
| Total liabilities | US$2.91b |
| Total assets | US$4.51b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WATC34's short term assets ($1.6B) exceed its short term liabilities ($816.0M).
Long Term Liabilities: WATC34's short term assets ($1.6B) do not cover its long term liabilities ($2.1B).
Debt to Equity History and Analysis
Debt Level: WATC34's net debt to equity ratio (94.9%) is considered high.
Reducing Debt: WATC34's debt to equity ratio has reduced from 1173.7% to 115.6% over the past 5 years.
Debt Coverage: WATC34's debt is well covered by operating cash flow (40.6%).
Interest Coverage: WATC34's interest payments on its debt are well covered by EBIT (9.7x coverage).