Waters Balance Sheet Health
Financial Health criteria checks 3/6
Waters has a total shareholder equity of $1.2B and total debt of $2.4B, which brings its debt-to-equity ratio to 205.9%. Its total assets and total liabilities are $4.6B and $3.5B respectively. Waters's EBIT is $856.3M making its interest coverage ratio 10.4. It has cash and short-term investments of $396.0M.
Key information
205.9%
Debt to equity ratio
US$2.37b
Debt
Interest coverage ratio | 10.4x |
Cash | US$395.97m |
Equity | US$1.15b |
Total liabilities | US$3.48b |
Total assets | US$4.63b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WAZ's short term assets ($1.8B) exceed its short term liabilities ($789.6M).
Long Term Liabilities: WAZ's short term assets ($1.8B) do not cover its long term liabilities ($2.7B).
Debt to Equity History and Analysis
Debt Level: WAZ's net debt to equity ratio (171.5%) is considered high.
Reducing Debt: WAZ's debt to equity ratio has increased from 73.3% to 205.9% over the past 5 years.
Debt Coverage: WAZ's debt is well covered by operating cash flow (25.4%).
Interest Coverage: WAZ's interest payments on its debt are well covered by EBIT (10.4x coverage).