Waters (WAT) Debt to Equity (2009 - 2026)
Waters (WAT) posted quarterly Debt to Equity of $0.32 for Q2 2026, down 54.09% year-over-year from $0.69 in Q2 2025, and down 14.11% on a QoQ basis from $0.37 in Q4 2025.
Waters (WAT) Debt to Equity (2009 - 2026) Analysis & Trends
Waters (WAT) has reported Debt to Equity for 18 consecutive years, with $0.32 the latest figure, recorded in Q2 2026.
- In Q2 2026, Debt to Equity fell 54.09% year-over-year to $0.32; the TTM figure through Apr 2026 stood at $0.32 (down 54.09% YoY), while the FY2025 annual figure was $0.37, down 58.43% from the prior year.
- Debt to Equity came in at $0.32 for Q2 2026 at Waters, down from $0.37 in the prior quarter.
- The five-year high for Debt to Equity was $3.02 in Q4 2022, with the low at $0.32 in Q2 2026.
- Average Debt to Equity over 5 years is $1.26, with a median of $1.01 recorded in 2024.
- Across the five-year window, Debt to Equity fell 26.61% in 2022 and plunged 64.33% in 2025, its largest moves.
- Year by year, Debt to Equity stood at $3.02 in 2022, then plunged by 33.69% to $2.0 in 2023, then plunged by 55.63% to $0.89 in 2024, then slumped by 58.43% to $0.37 in 2025, then dropped by 14.11% to $0.32 in 2026.
- According to Business Quant data, Debt to Equity over the past three periods registered $0.32, $0.37, and $0.41 for Q2 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Waters | 31,055.11 Bn | 31,054.65 Bn | 1.11 Bn | 0.32 |
| 2 | Thermo Fisher Scientific | 191.02 Bn | 187.77 Bn | 7.74 Bn | 0.83 |
| 3 | Danaher | 137.16 Bn | 131.47 Bn | 3.59 Bn | 0.35 |
| 4 | Idexx Laboratories | 42.82 Bn | 42.62 Bn | 722.74 Mn | 0.53 |
| 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 | -1.50 |
| 7 | Iqvia Holdings | 34.23 Bn | 32.25 Bn | 1.36 Bn | 2.49 |
| 8 | Illumina | 28.14 Bn | 26.98 Bn | 721.00 Mn | 0.56 |
| 9 | Mettler Toledo International | 26.40 Bn | 26.33 Bn | 555.82 Mn | -53.21 |
| 10 | Quest Diagnostics | 23.76 Bn | 23.67 Bn | 942.00 Mn | 0.74 |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 4, 2026 | 0.32 |
| Dec 31, 2025 | 0.37 |
| Sep 27, 2025 | 0.41 |
| Jun 28, 2025 | 0.55 |
| Mar 29, 2025 | 0.69 |
| Dec 31, 2024 | 0.89 |
| Sep 28, 2024 | 1.14 |
| Jun 29, 2024 | 1.42 |
| Mar 30, 2024 | 1.60 |
| Dec 31, 2023 | 2.00 |
| Sep 30, 2023 | 2.71 |
| Dec 31, 2022 | 3.02 |
| Dec 31, 2021 | 4.12 |
| Dec 31, 2020 | 5.20 |
| Sep 26, 2020 | -34.18 |
| Jun 27, 2020 | -8.06 |
| Mar 28, 2020 | -5.46 |
| Dec 31, 2019 | -7.31 |
| Sep 28, 2019 | 10.87 |
| Jun 29, 2019 | 2.07 |