Watts Water Technologies Inc (WTS)

Cash 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
Cash and cash equivalents US$ in thousands 386,900 303,900 279,400 237,100 350,100 362,700 291,900 311,800 310,800 219,500 230,000 226,800 242,000 238,700 240,100 225,400 218,900 188,300 148,700 245,400
Short-term investments US$ in thousands 3,800 3,400 4,100 3,900 3,100 3,500 3,000 1,900 700
Total current liabilities US$ in thousands 417,900 417,500 424,600 407,300 405,800 380,300 404,800 396,200 378,700 378,500 421,100 404,800 408,500 417,800 395,800 345,200 312,800 295,200 278,900 379,300
Cash ratio 0.93 0.73 0.66 0.59 0.87 0.96 0.73 0.79 0.83 0.59 0.55 0.56 0.59 0.57 0.61 0.65 0.70 0.64 0.53 0.65

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($386,900K + $—K) ÷ $417,900K
= 0.93

The cash ratio of Watts Water Technologies Inc has fluctuated over the years based on the provided data. It measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations using readily available cash.

From March 31, 2020, to September 30, 2022, the cash ratio declined gradually from 0.65 to 0.59, indicating a slight decrease in the company's ability to cover its short-term liabilities with cash during that period.

Subsequently, there was an increase in the cash ratio to 0.83 by December 31, 2022, showing an improvement in the company's liquidity position. This increase was maintained until March 31, 2023, at 0.79.

However, from June 30, 2023, to September 30, 2024, the cash ratio experienced some fluctuations, ranging from 0.66 to 0.93. This indicates variability in the company's liquidity position during this period.

Overall, the cash ratio of Watts Water Technologies Inc has shown some fluctuations over the given period, with both increases and decreases in its ability to cover short-term liabilities with cash.


Peer comparison

Dec 31, 2024

Company name
Symbol
Cash ratio
Watts Water Technologies Inc
WTS
0.93
Crane Company
CR
0.59
Crane NXT Co
CXT
0.29
Parker-Hannifin Corporation
PH
0.06