Waters annual debt-to-equity ratio
2008
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2021
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2024
2025
Waters Debt-to-Equity Ratio Growth & History (WAT)
Waters's debt-to-equity ratio was 0.58 for fiscal 2025.
View full Waters company overviewWaters annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.58 | −0.35 | −37.47% |
| 2024 | 2024-12-31 | 0.93 | −1.19 | −56.16% |
| 2023 | 2023-12-31 | 2.12 | −1.17 | −35.61% |
| 2022 | 2022-12-31 | 3.30 | −1.06 | −24.32% |
| 2021 | 2021-12-31 | 4.36 | −1.90 | −30.37% |
| 2020 | 2020-12-31 | 6.26 | — | — |
| 2018 | 2018-12-31 | 0.73 | −0.16 | −18.07% |
| 2017 | 2017-12-31 | 0.89 | 0.10 | +12.67% |
| 2016 | 2016-12-31 | 0.79 | −0.02 | −2.04% |
| 2015 | 2015-12-31 | 0.81 | 0.04 | +4.96% |
| 2014 | 2014-12-31 | 0.77 | 0.02 | +2.86% |
| 2013 | 2013-12-31 | 0.75 | −0.05 | −6.49% |
| 2012 | 2012-12-31 | 0.80 | −0.01 | −0.64% |
| 2011 | 2011-12-31 | 0.81 | 0.09 | +12.70% |
| 2010 | 2010-12-31 | 0.72 | −0.03 | −3.69% |
| 2009 | 2009-12-31 | 0.74 | −0.07 | −8.25% |
| 2008 | 2008-12-31 | 0.81 | — | — |
Waters quarterly debt-to-equity ratio
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Q3.24
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Q2.25
Q3.25
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Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-07-04 | 0.36 | −0.35 | −49.60% |
| Q1 2026 | 2026-04-04 | 0.36 | −0.42 | −53.48% |
| Q4 2025 | 2025-12-31 | 0.58 | −0.35 | −37.47% |
| Q3 2025 | 2025-09-27 | 0.64 | −0.55 | −46.34% |
| Q2 2025 | 2025-06-28 | 0.71 | −0.77 | −51.86% |
| Q1 2025 | 2025-03-29 | 0.78 | −0.88 | −52.89% |
| Q4 2024 | 2024-12-31 | 0.93 | −1.19 | −56.16% |
| Q3 2024 | 2024-09-28 | 1.19 | −1.67 | −58.49% |
| Q2 2024 | 2024-06-29 | 1.48 | −2.05 | −58.10% |
| Q1 2024 | 2024-03-30 | 1.66 | −0.95 | −36.37% |
| Q4 2023 | 2023-12-31 | 2.12 | −1.17 | −35.61% |
| Q3 2023 | 2023-09-30 | 2.86 | −1.37 | −32.36% |
| Q2 2023 | 2023-07-01 | 3.53 | −0.47 | −11.83% |
| Q1 2023 | 2023-04-01 | 2.61 | −1.47 | −36.04% |
| Q4 2022 | 2022-12-31 | 3.30 | −1.06 | −24.32% |
| Q3 2022 | 2022-10-01 | 4.23 | −1.52 | −26.46% |
| Q2 2022 | 2022-07-02 | 4.00 | −2.30 | −36.52% |
| Q1 2022 | 2022-04-02 | 4.08 | −3.67 | −47.35% |
| Q4 2021 | 2021-12-31 | 4.36 | −1.90 | −30.37% |
| Q3 2021 | 2021-10-02 | 5.75 | — | — |
| Q2 2021 | 2021-07-03 | 6.31 | — | — |
| Q1 2021 | 2021-04-03 | 7.76 | — | — |
| Q4 2020 | 2020-12-31 | 6.26 | — | — |
| Q3 2019 | 2019-09-28 | 12.48 | 11.86 | +1938.60% |
| Q2 2019 | 2019-06-29 | 2.23 | 1.65 | +283.54% |
| Q1 2019 | 2019-03-30 | 1.28 | 0.69 | +117.71% |
| Q4 2018 | 2018-12-31 | 0.73 | −0.16 | −18.07% |
| Q3 2018 | 2018-09-29 | 0.61 | −0.13 | −17.82% |
| Q2 2018 | 2018-06-30 | 0.58 | −0.18 | −23.42% |
| Q1 2018 | 2018-03-31 | 0.59 | −0.19 | −24.32% |
| Q4 2017 | 2017-12-31 | 0.89 | 0.10 | +12.67% |
| Q3 2017 | 2017-09-30 | 0.74 | −0.04 | −5.60% |
| Q2 2017 | 2017-07-01 | 0.76 | −0.06 | −7.11% |
| Q1 2017 | 2017-04-01 | 0.78 | −0.04 | −4.65% |
| Q4 2016 | 2016-12-31 | 0.79 | −0.02 | −2.04% |
| Q3 2016 | 2016-10-01 | 0.79 | −0.04 | −4.75% |
| Q2 2016 | 2016-07-02 | 0.82 | 0.01 | +1.25% |
| Q1 2016 | 2016-04-02 | 0.82 | 0.02 | +2.54% |
| Q4 2015 | 2015-12-31 | 0.81 | 0.04 | +4.96% |
| Q3 2015 | 2015-10-03 | 0.83 | 0.05 | +6.66% |
| Q2 2015 | 2015-07-04 | 0.81 | 0.05 | +6.81% |
| Q1 2015 | 2015-04-04 | 0.80 | 0.07 | +8.93% |
| Q4 2014 | 2014-12-31 | 0.77 | 0.02 | +2.86% |
| Q3 2014 | 2014-09-27 | 0.78 | −0.02 | −2.86% |
| Q2 2014 | 2014-06-28 | 0.76 | −0.08 | −9.38% |
| Q1 2014 | 2014-03-29 | 0.73 | −0.10 | −12.34% |
| Q4 2013 | 2013-12-31 | 0.75 | −0.05 | −6.49% |
| Q3 2013 | 2013-09-28 | 0.80 | −0.06 | −7.38% |
| Q2 2013 | 2013-06-29 | 0.83 | −0.04 | −4.37% |
| Q1 2013 | 2013-03-30 | 0.84 | 0.04 | +5.06% |
| Q4 2012 | 2012-12-31 | 0.80 | −0.01 | −0.64% |
| Q3 2012 | 2012-09-29 | 0.86 | 0.02 | +2.96% |
| Q2 2012 | 2012-06-30 | 0.87 | 0.19 | +27.84% |
| Q1 2012 | 2012-03-31 | 0.80 | 0.11 | +15.76% |
| Q4 2011 | 2011-12-31 | 0.81 | 0.09 | +12.70% |
| Q3 2011 | 2011-10-01 | 0.84 | −0.02 | −2.31% |
| Q2 2011 | 2011-07-02 | 0.68 | −0.25 | −26.71% |
| Q1 2011 | 2011-04-02 | 0.69 | −0.19 | −21.62% |
| Q4 2010 | 2010-12-31 | 0.72 | −0.03 | −3.69% |
| Q3 2010 | 2010-10-02 | 0.86 | 0.03 | +3.91% |
| Q2 2010 | 2010-07-03 | 0.93 | 0.07 | +7.86% |
| Q1 2010 | 2010-04-03 | 0.88 | — | — |
| Q4 2009 | 2009-12-31 | 0.74 | −0.07 | −8.25% |
| Q3 2009 | 2009-10-03 | 0.83 | — | — |
| Q2 2009 | 2009-07-04 | 0.86 | — | — |
| Q4 2008 | 2008-12-31 | 0.81 | — | — |
Waters debt-to-equity ratio trends
Over the last five fiscal years, Waters's debt-to-equity ratio decreased from 6.26 to 0.58, a change of −5.67. The latest reported quarter, Q2 2026, shows 0.36.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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