Waters (WAT) Debt Ratio (2009 - 2026)
Waters (WAT) posted quarterly Debt Ratio of 0.2 for Q2 2026, down 33.02% year-over-year from 0.3 in Q2 2025, and up 6.1% on a QoQ basis from 0.19 in Q4 2025.
Waters (WAT) Debt Ratio (2009 - 2026) Analysis & Trends
Waters (WAT) has reported Debt Ratio for 18 consecutive years, with 0.2 the latest figure, recorded in Q2 2026.
- In Q2 2026, Debt Ratio fell 33.02% year-over-year to 0.2; the TTM figure through Apr 2026 stood at 0.2 (down 33.02% YoY), while the FY2025 annual figure was 0.19, down 47.78% from the prior year.
- Debt Ratio came in at 0.2 for Q2 2026 at Waters, up from 0.19 in the prior quarter.
- The five-year high for Debt Ratio was 0.55 in Q3 2023, with the low at 0.19 in Q4 2025.
- Average Debt Ratio over 5 years is 0.36, with a median of 0.38 recorded in 2024.
- Across the five-year window, Debt Ratio gained 7.23% in 2023 and slumped 51.88% in 2025, its largest moves.
- Year by year, Debt Ratio stood at 0.46 in 2022, then grew by 7.23% to 0.5 in 2023, then fell by 28.32% to 0.36 in 2024, then sank by 47.78% to 0.19 in 2025, then rose by 6.1% to 0.2 in 2026.
- According to Business Quant data, Debt Ratio over the past three periods registered 0.2, 0.19, and 0.19 for Q2 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Waters | 31,055.11 Bn | 31,054.65 Bn | 1.11 Bn | 0.20 |
| 2 | Thermo Fisher Scientific | 191.02 Bn | 187.77 Bn | 7.74 Bn | 0.38 |
| 3 | Danaher | 137.16 Bn | 131.47 Bn | 3.59 Bn | 0.22 |
| 4 | Idexx Laboratories | 42.82 Bn | 42.62 Bn | 722.74 Mn | 0.25 |
| 5 | Natera | 39.09 Bn | 37.99 Bn | 696.04 Mn | 0.01 |
| 6 | Agilent Technologies | 37.61 Bn | 35.81 Bn | 990.00 Mn | 0.02 |
| 7 | Iqvia Holdings | 34.23 Bn | 32.25 Bn | 1.36 Bn | 0.53 |
| 8 | Illumina | 28.14 Bn | 26.98 Bn | 721.00 Mn | 0.23 |
| 9 | Mettler Toledo International | 26.40 Bn | 26.33 Bn | 555.82 Mn | 0.61 |
| 10 | Quest Diagnostics | 23.76 Bn | 23.67 Bn | 942.00 Mn | 0.34 |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 4, 2026 | 0.20 |
| Dec 31, 2025 | 0.19 |
| Sep 27, 2025 | 0.19 |
| Jun 28, 2025 | 0.25 |
| Mar 29, 2025 | 0.30 |
| Dec 31, 2024 | 0.36 |
| Sep 28, 2024 | 0.40 |
| Jun 29, 2024 | 0.45 |
| Mar 30, 2024 | 0.44 |
| Dec 31, 2023 | 0.50 |
| Sep 30, 2023 | 0.55 |
| Dec 31, 2022 | 0.46 |
| Dec 31, 2021 | 0.49 |
| Dec 31, 2020 | 0.42 |
| Sep 26, 2020 | 0.53 |
| Jun 27, 2020 | 0.58 |
| Mar 28, 2020 | 0.69 |
| Dec 31, 2019 | 0.62 |
| Sep 28, 2019 | 0.49 |
| Jun 29, 2019 | 0.41 |