Waters Balance Sheet Health
Financial Health criteria checks 4/6
Waters has a total shareholder equity of $1.6B and total debt of $1.9B, which brings its debt-to-equity ratio to 115.6%. Its total assets and total liabilities are $4.5B and $2.9B respectively. Waters's EBIT is $816.7M making its interest coverage ratio 9.7. It has cash and short-term investments of $331.5M.
Key information
115.6%
Debt to equity ratio
US$1.85b
Debt
| Interest coverage ratio | 9.7x |
| Cash | US$331.46m |
| Equity | US$1.60b |
| Total liabilities | US$2.91b |
| Total assets | US$4.51b |
Recent financial health updates
Is Waters (NYSE:WAT) A Risky Investment?
Nov 21
Does Waters (NYSE:WAT) Have A Healthy Balance Sheet?
Aug 06We Think Waters (NYSE:WAT) Can Stay On Top Of Its Debt
Mar 19Waters (NYSE:WAT) Seems To Use Debt Quite Sensibly
Oct 26These 4 Measures Indicate That Waters (NYSE:WAT) Is Using Debt Reasonably Well
Jul 16Here's Why Waters (NYSE:WAT) Can Manage Its Debt Responsibly
Apr 08Recent updates
Is Waters (NYSE:WAT) A Risky Investment?
Nov 21Waters Corp: Short Reinvestment Runway Diminishes High Multiples
Nov 13Waters Corporation's (NYSE:WAT) Price Is Out Of Tune With Earnings
Sep 11A Look At The Fair Value Of Waters Corporation (NYSE:WAT)
Aug 24Waters Corp.: Embedded Expectations High Under Present Conditions
Aug 15Does Waters (NYSE:WAT) Have A Healthy Balance Sheet?
Aug 06Should You Think About Buying Waters Corporation (NYSE:WAT) Now?
Jul 19Waters Corporation's (NYSE:WAT) Business Is Yet to Catch Up With Its Share Price
May 26Waters Corporation: Still Struggling A Bit
May 24Estimating The Intrinsic Value Of Waters Corporation (NYSE:WAT)
Apr 25Is It Too Late To Consider Buying Waters Corporation (NYSE:WAT)?
Apr 07We Think Waters (NYSE:WAT) Can Stay On Top Of Its Debt
Mar 19Waters Corporation: A Great (Share Price) Run
Mar 11Waters Corporation (NYSE:WAT) Released Earnings Last Week And Analysts Lifted Their Price Target To US$323
Feb 09Waters Corporation's (NYSE:WAT) Price Is Out Of Tune With Earnings
Jan 09Waters Corporation: High Quality Niche Company In Mass Spectrometry
Dec 28A Look At The Fair Value Of Waters Corporation (NYSE:WAT)
Dec 10Is There Now An Opportunity In Waters Corporation (NYSE:WAT)?
Nov 25Waters Corporation: Appealing Levels Are Offset By Weaker Performance
Nov 13Waters (NYSE:WAT) Seems To Use Debt Quite Sensibly
Oct 26Waters Corporation: Buybacks Ceased, Incremental Returns Languishing (Rating Downgrade)
Sep 27What Does Waters Corporation's (NYSE:WAT) Share Price Indicate?
Aug 21Calculating The Intrinsic Value Of Waters Corporation (NYSE:WAT)
Aug 03Waters Corporation: Temporary Headwinds Present A Buying Opportunity
Jul 18These 4 Measures Indicate That Waters (NYSE:WAT) Is Using Debt Reasonably Well
Jul 16Is Now The Time To Look At Buying Waters Corporation (NYSE:WAT)?
May 23A Look At The Intrinsic Value Of Waters Corporation (NYSE:WAT)
Apr 29Here's Why Waters (NYSE:WAT) Can Manage Its Debt Responsibly
Apr 08What Is Waters Corporation's (NYSE:WAT) Share Price Doing?
Feb 22Waters Q4 2022 Earnings Preview
Feb 14Waters Corp.: Now Best Price-Positioned Medical Services Stock
Feb 02Waters Corporation (NYSE:WAT) Shares Could Be 31% Above Their Intrinsic Value Estimate
Jan 26Does Waters (NYSE:WAT) Have A Healthy Balance Sheet?
Jan 05Should You Think About Buying Waters Corporation (NYSE:WAT) Now?
Nov 24Waters Corporation: Tactical Buy Seeking Upside Objectives Of $345, $363
Nov 16Waters Q3 2022 Earnings Preview
Oct 31Estimating The Fair Value Of Waters Corporation (NYSE:WAT)
Oct 19Waters announces €6M R&D investment at Wexford facility
Oct 07Is Waters (NYSE:WAT) Using Too Much Debt?
Oct 01Do Waters' (NYSE:WAT) Earnings Warrant Your Attention?
Aug 23Waters Corporation: Thesis Unchanged
Aug 18Is There Now An Opportunity In Waters Corporation (NYSE:WAT)?
Aug 05Financial Position Analysis
Short Term Liabilities: WAT's short term assets ($1.6B) exceed its short term liabilities ($816.0M).
Long Term Liabilities: WAT's short term assets ($1.6B) do not cover its long term liabilities ($2.1B).
Debt to Equity History and Analysis
Debt Level: WAT's net debt to equity ratio (94.9%) is considered high.
Reducing Debt: WAT's debt to equity ratio has reduced from 1173.7% to 115.6% over the past 5 years.
Debt Coverage: WAT's debt is well covered by operating cash flow (40.6%).
Interest Coverage: WAT's interest payments on its debt are well covered by EBIT (9.7x coverage).