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 ratio8.9x
CashUS$338.21m
EquityUS$1.26b
Total liabilitiesUS$3.25b
Total assetsUS$4.51b

Recent financial health updates

Recent updates

Waters Corporation's (NYSE:WAT) Business Is Yet to Catch Up With Its Share Price

May 26
Waters Corporation's (NYSE:WAT) Business Is Yet to Catch Up With Its Share Price

Waters Corporation: Still Struggling A Bit

May 24

Estimating The Intrinsic Value Of Waters Corporation (NYSE:WAT)

Apr 25
Estimating The Intrinsic Value Of Waters Corporation (NYSE:WAT)

Is It Too Late To Consider Buying Waters Corporation (NYSE:WAT)?

Apr 07
Is It Too Late To Consider Buying Waters Corporation (NYSE:WAT)?

We Think Waters (NYSE:WAT) Can Stay On Top Of Its Debt

Mar 19
We Think Waters (NYSE:WAT) Can Stay On Top Of Its Debt

Waters Corporation: A Great (Share Price) Run

Mar 11

Waters Corporation (NYSE:WAT) Released Earnings Last Week And Analysts Lifted Their Price Target To US$323

Feb 09
Waters Corporation (NYSE:WAT) Released Earnings Last Week And Analysts Lifted Their Price Target To US$323

Waters Corporation's (NYSE:WAT) Price Is Out Of Tune With Earnings

Jan 09
Waters Corporation's (NYSE:WAT) Price Is Out Of Tune With Earnings

Waters Corporation: High Quality Niche Company In Mass Spectrometry

Dec 28

A Look At The Fair Value Of Waters Corporation (NYSE:WAT)

Dec 10
A Look At The Fair Value Of Waters Corporation (NYSE:WAT)

Is There Now An Opportunity In Waters Corporation (NYSE:WAT)?

Nov 25
Is There Now An Opportunity In Waters Corporation (NYSE:WAT)?

Waters Corporation: Appealing Levels Are Offset By Weaker Performance

Nov 13

Waters (NYSE:WAT) Seems To Use Debt Quite Sensibly

Oct 26
Waters (NYSE:WAT) Seems To Use Debt Quite Sensibly

Waters Corporation: Buybacks Ceased, Incremental Returns Languishing (Rating Downgrade)

Sep 27

What Does Waters Corporation's (NYSE:WAT) Share Price Indicate?

Aug 21
What Does Waters Corporation's (NYSE:WAT) Share Price Indicate?

Calculating The Intrinsic Value Of Waters Corporation (NYSE:WAT)

Aug 03
Calculating The Intrinsic Value Of Waters Corporation (NYSE:WAT)

Waters Corporation: Temporary Headwinds Present A Buying Opportunity

Jul 18

These 4 Measures Indicate That Waters (NYSE:WAT) Is Using Debt Reasonably Well

Jul 16
These 4 Measures Indicate That Waters (NYSE:WAT) Is Using Debt Reasonably Well

Is Now The Time To Look At Buying Waters Corporation (NYSE:WAT)?

May 23
Is Now The Time To Look At Buying Waters Corporation (NYSE:WAT)?

A Look At The Intrinsic Value Of Waters Corporation (NYSE:WAT)

Apr 29
A Look At The Intrinsic Value Of Waters Corporation (NYSE:WAT)

Here's Why Waters (NYSE:WAT) Can Manage Its Debt Responsibly

Apr 08
Here's Why Waters (NYSE:WAT) Can Manage Its Debt Responsibly

What Is Waters Corporation's (NYSE:WAT) Share Price Doing?

Feb 22
What Is Waters Corporation's (NYSE:WAT) Share Price Doing?

Waters Q4 2022 Earnings Preview

Feb 14

Waters Corp.: Now Best Price-Positioned Medical Services Stock

Feb 02

Waters Corporation (NYSE:WAT) Shares Could Be 31% Above Their Intrinsic Value Estimate

Jan 26
Waters Corporation (NYSE:WAT) Shares Could Be 31% Above Their Intrinsic Value Estimate

Does Waters (NYSE:WAT) Have A Healthy Balance Sheet?

Jan 05
Does Waters (NYSE:WAT) Have A Healthy Balance Sheet?

Should You Think About Buying Waters Corporation (NYSE:WAT) Now?

Nov 24
Should You Think About Buying Waters Corporation (NYSE:WAT) Now?

Waters Corporation: Tactical Buy Seeking Upside Objectives Of $345, $363

Nov 16

Waters Q3 2022 Earnings Preview

Oct 31

Estimating The Fair Value Of Waters Corporation (NYSE:WAT)

Oct 19
Estimating The Fair Value Of Waters Corporation (NYSE:WAT)

Waters announces €6M R&D investment at Wexford facility

Oct 07

Is Waters (NYSE:WAT) Using Too Much Debt?

Oct 01
Is Waters (NYSE:WAT) Using Too Much Debt?

Do Waters' (NYSE:WAT) Earnings Warrant Your Attention?

Aug 23
Do Waters' (NYSE:WAT) Earnings Warrant Your Attention?

Waters Corporation: Thesis Unchanged

Aug 18

Is There Now An Opportunity In Waters Corporation (NYSE:WAT)?

Aug 05
Is There Now An Opportunity In Waters Corporation (NYSE:WAT)?

Waters Non-GAAP EPS of $2.75 beats by $0.08, revenue of $714M beats by $7.23M

Aug 02

Calculating The Fair Value Of Waters Corporation (NYSE:WAT)

Jul 18
Calculating The Fair Value Of Waters Corporation (NYSE:WAT)

These 4 Measures Indicate That Waters (NYSE:WAT) Is Using Debt Reasonably Well

Jun 30
These 4 Measures Indicate That Waters (NYSE:WAT) Is Using Debt Reasonably Well

Waters Corporation: Shares Are Getting Cheaper, But They Aren't Cheap Enough

Jun 01

Here's Why We Think Waters (NYSE:WAT) Is Well Worth Watching

May 15
Here's Why We Think Waters (NYSE:WAT) Is Well Worth Watching

Is Now The Time To Look At Buying Waters Corporation (NYSE:WAT)?

Apr 29
Is Now The Time To Look At Buying Waters Corporation (NYSE:WAT)?

Waters Corporation (NYSE:WAT) Shares Could Be 22% Below Their Intrinsic Value Estimate

Apr 11
Waters Corporation (NYSE:WAT) Shares Could Be 22% Below Their Intrinsic Value Estimate

Is Waters (NYSE:WAT) A Risky Investment?

Mar 25
Is Waters (NYSE:WAT) A Risky Investment?

Waters Corporation: We Can Find Better Investments Out There

Mar 21

If You Like EPS Growth Then Check Out Waters (NYSE:WAT) Before It's Too Late

Feb 03
If You Like EPS Growth Then Check Out Waters (NYSE:WAT) Before It's Too Late

Financial Position Analysis

Short Term Liabilities: WAT's short term assets ($1.6B) exceed its short term liabilities ($848.5M).

Long Term Liabilities: WAT's short term assets ($1.6B) do not cover its long term liabilities ($2.4B).


Debt to Equity History and Analysis

Debt Level: WAT's net debt to equity ratio (137.1%) is considered high.

Reducing Debt: WAT's debt to equity ratio has increased from 118.7% to 164% over the past 5 years.

Debt Coverage: WAT's debt is well covered by operating cash flow (32.5%).

Interest Coverage: WAT's interest payments on its debt are well covered by EBIT (8.9x coverage).


Balance Sheet


Discover healthy companies

Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.