Watts Water Technologies Balance Sheet Health
Financial Health criteria checks 6/6
Watts Water Technologies has a total shareholder equity of $1.6B and total debt of $259.2M, which brings its debt-to-equity ratio to 16%. Its total assets and total liabilities are $2.4B and $765.1M respectively. Watts Water Technologies's EBIT is $379.7M making its interest coverage ratio 99.9. It has cash and short-term investments of $283.1M.
Key information
16.0%
Debt to equity ratio
US$259.20m
Debt
| Interest coverage ratio | 99.9x |
| Cash | US$283.10m |
| Equity | US$1.62b |
| Total liabilities | US$765.10m |
| Total assets | US$2.38b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WTS *'s short term assets ($1.1B) exceed its short term liabilities ($424.6M).
Long Term Liabilities: WTS *'s short term assets ($1.1B) exceed its long term liabilities ($340.5M).
Debt to Equity History and Analysis
Debt Level: WTS * has more cash than its total debt.
Reducing Debt: WTS *'s debt to equity ratio has reduced from 36.8% to 16% over the past 5 years.
Debt Coverage: WTS *'s debt is well covered by operating cash flow (131.6%).
Interest Coverage: WTS *'s interest payments on its debt are well covered by EBIT (99.9x coverage).