Waters Corporation (WAT)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 4,553,800 | 4,626,850 | 3,281,450 | 3,094,930 | 2,839,920 |
| Total stockholders’ equity | US$ in thousands | 1,828,510 | 1,150,340 | 504,488 | 367,554 | 232,144 |
| Financial leverage ratio | 2.49 | 4.02 | 6.50 | 8.42 | 12.23 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $4,553,800K ÷ $1,828,510K
= 2.49
The financial leverage ratio of Waters Corporation has shown a decreasing trend over the past five years. Starting at 12.23 in December 31, 2020, it decreased to 8.42 in December 31, 2021, and continued to decrease steadily to 6.50 in December 31, 2022, 4.02 in December 31, 2023, and finally reaching 2.49 in December 31, 2024. This downward trend indicates that the company has been reducing its reliance on debt to finance its operations and investments. Lower financial leverage ratios suggest less financial risk and greater financial stability for the company.
Peer comparison
Dec 31, 2024