Waters Balance Sheet Health
Financial Health criteria checks 3/6
Waters has a total shareholder equity of $1.3B and total debt of $2.1B, which brings its debt-to-equity ratio to 164%. Its total assets and total liabilities are $4.5B and $3.3B respectively. Waters's EBIT is $826.3M making its interest coverage ratio 8.9. It has cash and short-term investments of $338.2M.
Key information
164.0%
Debt to equity ratio
US$2.06b
Debt
Interest coverage ratio | 8.9x |
Cash | US$338.21m |
Equity | US$1.26b |
Total liabilities | US$3.25b |
Total assets | US$4.51b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0LTI's short term assets ($1.6B) exceed its short term liabilities ($848.5M).
Long Term Liabilities: 0LTI's short term assets ($1.6B) do not cover its long term liabilities ($2.4B).
Debt to Equity History and Analysis
Debt Level: 0LTI's net debt to equity ratio (137.1%) is considered high.
Reducing Debt: 0LTI's debt to equity ratio has increased from 118.7% to 164% over the past 5 years.
Debt Coverage: 0LTI's debt is well covered by operating cash flow (32.5%).
Interest Coverage: 0LTI's interest payments on its debt are well covered by EBIT (8.9x coverage).