Watts Water Technologies Inc (WTS)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 1.40 | 1.42 | 1.47 | 1.50 | 1.53 | 1.39 | 1.42 | 1.48 | 1.48 | 1.56 | 1.63 | 1.64 | 1.58 | 1.62 | 1.66 | 1.65 | 1.62 | 1.67 | 1.67 | 1.83 |
Watts Water Technologies Inc's solvency ratios paint a positive picture of the company's financial health. The debt-to-assets, debt-to-capital, and debt-to-equity ratios have consistently remained at 0.00 from March 2020 to December 2024. This indicates that the company has minimal debt compared to its total assets, capital, and equity, showcasing a strong ability to meet its financial obligations without relying heavily on external borrowing.
The financial leverage ratio, which measures the company's ability to meet its financial commitments through debt financing, has shown a decreasing trend over the years, from 1.83 in March 2020 to 1.40 in December 2024. This downward trend indicates that the company is becoming less reliant on debt to finance its operations and is effectively managing its capital structure.
Overall, the consistent low debt ratios and decreasing financial leverage ratio suggest that Watts Water Technologies Inc has a solid financial position and is well-equipped to weather economic downturns or other financial challenges.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 27.25 | 24.84 | 28.86 | 34.33 | 43.84 | 53.98 | 47.35 | 46.23 | 45.00 | 48.64 | 50.29 | 47.54 | 41.22 | 30.76 | 24.20 | 16.65 | 14.45 | 13.93 | 12.51 | 14.13 |
The interest coverage ratio for Watts Water Technologies Inc has shown a generally positive trend over the past few years, indicating the company's ability to meet its interest obligations comfortably. The ratio has consistently improved from around 14.13 in March 2020 to 27.25 in December 2024. This suggests that the company's operating income is sufficient to cover its interest expenses, with the ratio peaking at 53.98 in September 2023. The upward trend in the interest coverage ratio reflects a strengthening financial position and decreased financial risk for the company. However, there was a slight decrease in the ratio from September 2023 to December 2024, indicating a potential increase in interest expenses relative to operating income during this period. Overall, the interest coverage ratio for Watts Water Technologies Inc demonstrates a healthy financial performance and strong ability to service its debt obligations.