Waters Corporation (WAT)

Current ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Total current assets	US$ in thousands	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	1,312,490	1,343,910	1,620,400	2,077,790
Total current liabilities	US$ in thousands	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	591,334	597,153	611,696	603,279
Current ratio		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	2.22	2.25	2.65	3.44

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,752,870K ÷ $789,580K
= 2.22

The current ratio of Waters Corp. has been relatively stable over the past eight quarters, ranging from 2.08 to 2.30. This ratio indicates the company's ability to meet its short-term obligations with its current assets.

The current ratio above 1 demonstrates that Waters Corp. has more than enough current assets to cover its current liabilities, implying a healthy liquidity position. A higher ratio suggests a stronger ability to pay off short-term debts and indicates lower liquidity risk.

Although the current ratio fluctuated slightly, it generally remained above 2, which is a positive sign for creditors and investors as it indicates a comfortable margin of safety in meeting short-term obligations.

Overall, the trend in the current ratio of Waters Corp. indicates a stable and robust liquidity position, which is essential for the company's financial health and sustainability.