Watts Water Technologies Balance Sheet Health
Financial Health criteria checks 6/6
Watts Water Technologies has a total shareholder equity of $1.7B and total debt of $213.8M, which brings its debt-to-equity ratio to 12.7%. Its total assets and total liabilities are $2.4B and $710.0M respectively. Watts Water Technologies's EBIT is $394.4M making its interest coverage ratio 61.6. It has cash and short-term investments of $306.5M.
Key information
12.7%
Debt to equity ratio
US$213.80m
Debt
| Interest coverage ratio | 61.6x |
| Cash | US$306.50m |
| Equity | US$1.69b |
| Total liabilities | US$710.00m |
| Total assets | US$2.40b |
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 ($417.5M).
Long Term Liabilities: W3W's short term assets ($1.1B) exceed its long term liabilities ($292.5M).
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 36.5% to 12.7% over the past 5 years.
Debt Coverage: W3W's debt is well covered by operating cash flow (155.1%).
Interest Coverage: W3W's interest payments on its debt are well covered by EBIT (61.6x coverage).