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
DateValue
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