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Current ratio at other companies

Thermo Fisher Scientific logo
Thermo Fisher ScientificTMO
1.5×-0.2×
Danaher logo
DanaherDHR
1.9×+0.4×
Mettler-Toledo International, Inc. logo
Mettler-Toledo International, Inc.MTD
1.2×+0.2×
Agilent Technologies logo
Agilent TechnologiesA
2.1×0.0×
Veralto logo
VeraltoVLTO
1.5×-0.7×
Ecolab logo
EcolabECL
-0.3×

Other financials

Income statement

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Revenue$1.3B+91.4%
Operating income-$47.0M-131%
Net income-$72.0M-160%
EPS (diluted)-$0.87-143%

Balance sheet

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Cash & equivalents$462.0M+20.7%
Total debt$5.2B+263%
Total equity$15.3B+679%
Total assets$24.5B+434%

Cash flow

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Operating cash flow-$3.0M-101%
CapEx$39.0M+50.0%
Free cash flow-$42.0M-118%

Valuation

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Market cap$35.05B+33.4%
Enterprise value$39.8B+48.0%
P/E78×+38.0×
P/S9.3×+0.5×

Profitability

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Gross margin59.3%-0.1pp
Operating margin16%-12.3pp
Net margin11.9%-10.1pp

Returns & leverage

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Return on equity5.2%-35.6pp
Debt / equity0.3×-0.4×

Where this comes from

Calculated from Waters Corporation’s reported figures.

Based on the most recent quarter.

The official record: Waters Corporation’s 10-Q, filed May 12, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Waters Corporation's current ratio?
Waters Corporation (WAT) reported current ratio of 1.8× in Q1 2026.
How has Waters Corporation's current ratio changed year-over-year?
Waters Corporation's current ratio decreased by 1.3% year-over-year, from 1.8× to 1.8×.
What is the long-term trend for Waters Corporation's current ratio?
Over 4 years (2021 to 2025), Waters Corporation's current ratio has grown at a -8.0% compound annual growth rate (CAGR), from 9.5× to 6.8×.
What does current ratio mean?
Whether the company has enough short-term assets to cover its short-term bills.
How do you interpret current ratio?
Above 1.0 means short-term assets cover short-term liabilities. Very high values can signal idle cash or bloated inventory/receivables rather than strength — there's a healthy middle, not 'more is better'.
How does current ratio compare across companies?
Comparable within an industry. Working-capital-light businesses can operate safely below 1.0 by collecting before they pay.