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Debt-to-assets at other companies

Thermo Fisher Scientific logo
Thermo Fisher ScientificTMO
0.4×0.0×
Danaher logo
DanaherDHR
0.2×0.0×
Mettler-Toledo International, Inc. logo
Mettler-Toledo International, Inc.MTD
0.6×0.0×
Agilent Technologies logo
Agilent TechnologiesA
0.3×0.0×
Veralto logo
VeraltoVLTO
0.4×0.0×
Ecolab logo
EcolabECL
0.0×

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×
Current ratio1.8×0.0×

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 debt-to-assets?
Waters Corporation (WAT) reported debt-to-assets of 0.2× in Q1 2026.
How has Waters Corporation's debt-to-assets changed year-over-year?
Waters Corporation's debt-to-assets decreased by 32.1% year-over-year, from 0.3× to 0.2×.
What is the long-term trend for Waters Corporation's debt-to-assets?
Over 4 years (2021 to 2025), Waters Corporation's debt-to-assets has grown at a -17.3% compound annual growth rate (CAGR), from 2.1× to 1×.
What does debt-to-assets mean?
What fraction of everything the company owns is funded by debt.
How do you interpret debt-to-assets?
A lower ratio indicates a more conservatively financed balance sheet. Rising debt-to-assets over time signals increasing financial risk.
How does debt-to-assets compare across companies?
Comparable within an industry; bounded between 0 and 1 for most non-financials, which makes cross-company reads cleaner than debt-to-equity.