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
We Think Watts Water Technologies (NYSE:WTS) Can Manage Its Debt With Ease
Nov 28
Watts Water Technologies (NYSE:WTS) Seems To Use Debt Quite Sensibly
Jun 26Recent updates
An Intrinsic Calculation For Watts Water Technologies, Inc. (NYSE:WTS) Suggests It's 23% Undervalued
Feb 04Some Shareholders Feeling Restless Over Watts Water Technologies, Inc.'s (NYSE:WTS) P/E Ratio
Jan 22Watts Water Technologies: Not Living Up To Its Positioning
Jan 07When Should You Buy Watts Water Technologies, Inc. (NYSE:WTS)?
Dec 12We Think Watts Water Technologies (NYSE:WTS) Can Manage Its Debt With Ease
Nov 28Watts Water Technologies, Inc. Just Recorded A 5.6% EPS Beat: Here's What Analysts Are Forecasting Next
Nov 02Watts Water Technologies, Inc.'s (NYSE:WTS) Intrinsic Value Is Potentially 32% Above Its Share Price
Oct 22Watts Water Technologies (NYSE:WTS) Shareholders Will Want The ROCE Trajectory To Continue
Oct 07Is Now The Time To Look At Buying Watts Water Technologies, Inc. (NYSE:WTS)?
Sep 09Turning Up The Pressure: Watts Water Flows Strong In Q2, But Risks Loom
Aug 09Watts Water Technologies, Inc.'s (NYSE:WTS) Business Is Yet to Catch Up With Its Share Price
Jul 25Calculating The Fair Value Of Watts Water Technologies, Inc. (NYSE:WTS)
Jul 12Watts Water Technologies (NYSE:WTS) Seems To Use Debt Quite Sensibly
Jun 26Watts Water Technologies' (NYSE:WTS) Upcoming Dividend Will Be Larger Than Last Year's
May 29Watts Water Technologies (NYSE:WTS) Has Announced That It Will Be Increasing Its Dividend To $0.43
May 12Watts Water Technologies: A Soft Performance, Given Its Positioning
Apr 25At US$201, Is Watts Water Technologies, Inc. (NYSE:WTS) Worth Looking At Closely?
Apr 15Watts Water Technologies, Inc.'s (NYSE:WTS) Share Price Not Quite Adding Up
Apr 03Is Now The Time To Put Watts Water Technologies (NYSE:WTS) On Your Watchlist?
Mar 21Watts Water Technologies (NYSE:WTS) Is Doing The Right Things To Multiply Its Share Price
Mar 08Watts Water Technologies: A Premium Valuation That I Rather Not Pay
Dec 10Watts Water Technologies: Interesting Bradley Deal To Drive Growth
Aug 31Watts Water Technologies: Too Overvalued For My Liking
Jul 05Financial Position Analysis
Short Term Liabilities: WTS's short term assets ($1.1B) exceed its short term liabilities ($417.5M).
Long Term Liabilities: WTS's short term assets ($1.1B) exceed its long term liabilities ($292.5M).
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 36.5% to 12.7% over the past 5 years.
Debt Coverage: WTS's debt is well covered by operating cash flow (155.1%).
Interest Coverage: WTS's interest payments on its debt are well covered by EBIT (61.6x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/02/06 14:56 |
| End of Day Share Price | 2025/02/06 00:00 |
| Earnings | 2024/09/29 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Watts Water Technologies, Inc. is covered by 25 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Michael Halloran | Baird |
| Ryan Connors | Boenning & Scattergood, Inc. |
| Michael Gaugler | Brean Capital |