Watts Water Technologies Balance Sheet Health
Financial Health criteria checks 6/6
Watts Water Technologies has a total shareholder equity of $1.5B and total debt of $298.5M, which brings its debt-to-equity ratio to 19.7%. Its total assets and total liabilities are $2.3B and $796.1M respectively. Watts Water Technologies's EBIT is $356.4M making its interest coverage ratio 356.4. It has cash and short-term investments of $353.5M.
Key information
19.7%
Debt to equity ratio
US$298.50m
Debt
Interest coverage ratio | 356.4x |
Cash | US$353.50m |
Equity | US$1.51b |
Total liabilities | US$796.10m |
Total assets | US$2.31b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: W3W's short term assets ($1.1B) exceed its short term liabilities ($405.8M).
Long Term Liabilities: W3W's short term assets ($1.1B) exceed its long term liabilities ($390.3M).
Debt to Equity History and Analysis
Debt Level: W3W has more cash than its total debt.
Reducing Debt: W3W's debt to equity ratio has reduced from 39.6% to 19.7% over the past 5 years.
Debt Coverage: W3W's debt is well covered by operating cash flow (104.1%).
Interest Coverage: W3W's interest payments on its debt are well covered by EBIT (356.4x coverage).