Waters Corporation (WAT)

Current ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Total current assets	US$ in thousands	1,669,110	1,647,720	1,603,680	1,642,960	1,752,870	1,634,530	1,681,180	1,773,700	1,763,900	1,575,580	1,564,330	1,585,170	1,628,940	1,658,080	1,638,550	1,767,920	1,401,030	1,291,670	1,269,430	1,327,780
Total current liabilities	US$ in thousands	789,758	816,040	762,532	848,459	789,580	745,029	809,387	801,950	785,737	731,970	746,563	687,829	680,508	671,889	681,018	785,049	804,983	722,188	697,320	551,051
Current ratio		2.11	2.02	2.10	1.94	2.22	2.19	2.08	2.21	2.24	2.15	2.10	2.30	2.39	2.47	2.41	2.25	1.74	1.79	1.82	2.41

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 exhibited some fluctuations over the years based on the provided data. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A higher current ratio indicates greater liquidity and financial stability.

Looking at the trend, Waters Corporation's current ratio ranged from a low of 1.74 as of December 31, 2020, to a high of 2.47 as of September 30, 2021. Overall, the current ratio has shown a general upward trend from 2020 to 2022, indicating an improvement in the company's short-term liquidity position.

However, there was a slight decrease in the current ratio from March 31, 2022 (2.30) to June 30, 2022 (2.10) and the ratio remained relatively stable around 2.1 in the following quarters until September 30, 2024.

While the current ratio dipped to 1.94 as of March 31, 2024, it rebounded to 2.11 as of December 31, 2024. This suggests that Waters Corporation has, for the most part, maintained a strong ability to meet its short-term obligations with its current assets.

In conclusion, despite some fluctuations, the current ratio of Waters Corporation has generally been above 2, indicating a healthy liquidity position and ability to cover short-term liabilities with current assets.