Waters Corporation (WAT)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,669,110 | 1,752,870 | 1,763,900 | 1,628,940 | 1,401,030 |
| Total current liabilities | US$ in thousands | 789,758 | 789,580 | 785,737 | 680,508 | 804,983 |
| Current ratio | 2.11 | 2.22 | 2.24 | 2.39 | 1.74 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,669,110K ÷ $789,758K
= 2.11
The current ratio of Waters Corporation has shown a positive trend over the past five years. Starting at 1.74 in 2020, the ratio has steadily increased to 2.39 in 2021, indicating an improvement in the company's short-term liquidity position. However, there was a slight decrease in 2022 to 2.24 and then further to 2.22 in 2023 before dropping to 2.11 in 2024.
Overall, the current ratio has remained above 2 for the majority of the period, suggesting that Waters Corporation has ample current assets to cover its current liabilities. This demonstrates the company's ability to meet its short-term obligations and indicates a healthy financial position in terms of liquidity. However, the slight decrease in the current ratio in the most recent years may warrant further monitoring to ensure continued strong liquidity management.
Peer comparison
Dec 31, 2024