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Waters Corporation WAT

Healthcare  —  Diagnostics & Research
433.54 3.24 0.75% as of 25 Sep
Market cap
$42.3B
P/E
108×
S&P 500 Member Insider Buys (last 12m)
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Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Waters Corporation (WAT) Debt to equity

Waters Corporation's debt to equity at the end of the quarter to 30 June 2026 was 0.3×, down 0.0× from fiscal 2025 (0.4×). Over the past ten years it has ranged from −7.3× (fiscal 2019) to 5.2× (fiscal 2020); the current reading is higher than 18% of that period. That is above the Diagnostics & Research industry median of 0.1× and above the Healthcare sector median of 0.0×.

Debt to equity, annual

Annual

Period Debt to equity Change
FY2025 0.4× (58.41%)
FY2024 0.9× (55.62%)
FY2023 2.0× (33.69%)
FY2022 3.0× (26.61%)
FY2021 4.1× (20.75%)
FY2020 5.2× —
FY2019 −7.3× —
FY2018 0.7× (13.76%)
FY2017 0.8× 14.89%
FY2016 0.7× 1.96%

Quarterly

Period Debt to equity Change
Jun 2026 0.3× 1.29%
Mar 2026 0.3× (14.10%)
Dec 2025 0.4× (9.06%)
Sep 2025 0.4× (26.67%)
42 more quarters

Against its own ten years

Low −7.3× High 5.2×
Ten-year median 0.8×
Current reading's percentile 18

Debt to equity against peers

Company Debt to equity
GH Guardant Health, Inc. compare −6.7×
NTRA Natera, Inc. compare 0.0×
IDXX IDEXX Laboratories, Inc. compare 0.3×
WAT Waters Corporation 0.3×
A Agilent Technologies, Inc. compare 0.5×
ILMN Illumina, Inc. compare 0.5×
DGX Quest Diagnostics Incorporated compare 0.7×
IQV IQVIA Holdings Inc. compare 2.5×
MTD Mettler-Toledo International, Inc. compare 165×
Diagnostics & Research industry median 0.1×
Healthcare sector median 0.0×
Market median 0.2×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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