Watts Water Technologies Inc (WTS)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 2,397,000 | 2,309,400 | 1,930,900 | 1,855,600 | 1,738,200 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,397,000K
= 0.00
Watts Water Technologies Inc has consistently maintained a debt-to-assets ratio of 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt as a significant source of financing relative to its total assets during this period. A debt-to-assets ratio of 0.00 implies that the company's total liabilities are either very low or non-existent compared to its total assets. This could suggest a strong financial position with minimal financial risk related to debt obligations. Investors and creditors may view a low or zero debt-to-assets ratio positively as it signifies financial stability and a lower chance of default.
Peer comparison
Dec 31, 2024