Watts Water Technologies Inc (WTS)
Debt-to-assets ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 298,300 | 98,200 | 98,000 | 147,800 | 147,600 | 182,400 | 202,200 | 202,000 | 141,900 | 151,700 | 191,500 | 198,600 | 198,200 | 247,900 | 262,500 | 296,900 | 204,200 | 238,500 | 238,800 | 341,100 |
| Total assets | US$ in thousands | 2,309,400 | 2,017,600 | 2,004,400 | 1,990,000 | 1,930,900 | 1,885,600 | 1,934,300 | 1,903,300 | 1,855,600 | 1,863,200 | 1,855,300 | 1,784,400 | 1,738,200 | 1,709,000 | 1,648,300 | 1,767,400 | 1,723,100 | 1,696,300 | 1,678,400 | 1,683,400 |
| Debt-to-assets ratio | 0.13 | 0.05 | 0.05 | 0.07 | 0.08 | 0.10 | 0.10 | 0.11 | 0.08 | 0.08 | 0.10 | 0.11 | 0.11 | 0.15 | 0.16 | 0.17 | 0.12 | 0.14 | 0.14 | 0.20 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $298,300K ÷ $2,309,400K
= 0.13
The debt-to-assets ratio of Watts Water Technologies, Inc. has shown a decreasing trend over the past eight quarters. The ratio decreased from 0.11 in Q1 2022 to 0.05 in Q3 2023, indicating that the company has been reducing its debt relative to its total assets. This downward trend suggests that Watts Water Technologies is becoming less reliant on debt financing to support its operations and investments. The company's decreasing debt-to-assets ratio may be perceived positively by investors and creditors as it indicates a stronger financial position and lower financial risk. It is important to continue monitoring this trend to assess the company's ability to manage its debt levels effectively.
Peer comparison
Dec 31, 2023