Watts Water Technologies Inc (WTS)
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 | 1,083,500 | 1,065,600 | 1,061,000 | 1,010,000 | 1,061,000 | 1,041,600 | 1,023,100 | 1,013,800 | 950,600 | 936,800 | 967,700 | 919,900 | 861,500 | 863,000 | 843,900 | 774,600 | 709,500 | 699,600 | 667,500 | 791,200 |
| 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 |
| Current ratio | 2.59 | 2.55 | 2.50 | 2.48 | 2.61 | 2.74 | 2.53 | 2.56 | 2.51 | 2.48 | 2.30 | 2.27 | 2.11 | 2.07 | 2.13 | 2.24 | 2.27 | 2.37 | 2.39 | 2.09 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,083,500K ÷ $417,900K
= 2.59
The current ratio of Watts Water Technologies Inc has shown a relatively stable trend over the analyzed period. It ranged from 2.09 to 2.74, indicating that the company has a healthy level of current assets relative to its current liabilities.
The current ratio peaked at 2.74 on September 30, 2023, suggesting that the company had a significant cushion of current assets to cover its short-term obligations at that point in time. Conversely, the lowest current ratio of 2.07 was recorded on September 30, 2021.
Overall, the current ratio has consistently remained above 2, reflecting the company's ability to meet its short-term liabilities comfortably with its current assets. This indicates good liquidity and financial health for Watts Water Technologies Inc during the period under review.
Peer comparison
Dec 31, 2024