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Waters Corporation WAT Interest coverage

Interest coverage at other companies

Thermo Fisher Scientific logo
Thermo Fisher ScientificTMO
5.6×+0.7×
Danaher logo
DanaherDHR
18.6×+1.7×
Mettler-Toledo International, Inc. logo
Mettler-Toledo International, Inc.MTD
16.3×+1.2×
Agilent Technologies logo
Agilent TechnologiesA
14.8×+2.0×
Veralto logo
VeraltoVLTO
13.9×+2.9×
IDEX logo
IDEXIEX
17.1×+2.8×

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 trailing twelve months.

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 interest coverage?
Waters Corporation (WAT) reported interest coverage of 5.8× in Q1 2026.
How has Waters Corporation's interest coverage changed year-over-year?
Waters Corporation's interest coverage decreased by 45.9% year-over-year, from 10.8× to 5.8×.
What is the long-term trend for Waters Corporation's interest coverage?
Over 4 years (2021 to 2025), Waters Corporation's interest coverage has grown at a -10.2% compound annual growth rate (CAGR), from 70.4× to 45.8×.
What does interest coverage mean?
How many times the company's operating profit covers its interest bill.
How do you interpret interest coverage?
Higher is safer; below ~2× is a warning that earnings provide little cushion against the debt burden. Debt-free companies have no interest expense and the ratio is left blank.
How does interest coverage compare across companies?
Comparable across leveraged non-financials; less relevant for net-cash companies with negligible interest.