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