Waters Corporation (WAT) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 3.72B | 1.99B | 1.92B | 1.78B | 1.74B | 1.67B | 1.65B | 1.6B | 1.64B | 1.75B | 1.63B | 1.68B | 1.77B | 1.76B | 1.58B | 1.56B | 1.59B | 1.63B | 1.66B | 1.64B |
| Cash & Short-Term Investments | 462M | 587.83M | 459.12M | 367.21M | 382.87M | 325.36M | 331.46M | 327.36M | 338.21M | 395.97M | 337.31M | 330.58M | 486.95M | 481.39M | 444.51M | 419.79M | 503.1M | 569.28M | 655.19M | 663.62M |
| Cash Only | 462M | 587.83M | 459.12M | 367.21M | 382.87M | 324.42M | 330.51M | 326.43M | 337.29M | 395.08M | 336.41M | 329.69M | 486.07M | 480.53M | 443.64M | 418.9M | 480.07M | 501.23M | 524.7M | 460.06M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 934K | 944K | 934K | 923K | 898K | 898K | 885K | 885K | 862K | 876K | 897K | 23.02M | 68.05M | 130.49M | 203.57M |
| Accounts Receivable | 1.76B | 828.84M | 748.52M | 730.07M | 713.28M | 733.37M | 669.53M | 610.09M | 626.33M | 702.17M | 631.28M | 693.44M | 683.34M | 722.89M | 600.92M | 639.45M | 607.26M | 612.65M | 532.96M | 543.07M |
| Days Sales Outstanding | 96 | 80.36 | 84.11 | 85.14 | 96.19 | 75.55 | 78.65 | 79.4 | 93.87 | 74.85 | 84.69 | 84.59 | 93.45 | 70.16 | 79.65 | 79.41 | 81.26 | 61.63 | 74.27 | 73.01 |
| Inventory | 1.5B | 572.37M | 572.94M | 540.75M | 511.5M | 477.26M | 518.99M | 522.93M | 538.63M | 516.24M | 544.4M | 536.83M | 499.42M | 455.71M | 442.24M | 409.92M | 381.9M | 356.1M | 388.76M | 348.77M |
| Days Inventory Outstanding | 144.66 | 145.1 | 154.58 | 148.96 | 157.2 | 134.35 | 157.16 | 167.57 | 181.33 | 153.25 | 168.82 | 156.6 | 152.82 | 117.34 | 126.26 | 117.28 | 118.83 | 95.49 | 123.77 | 109.87 |
| Other Current Assets | 0 | 0 | 138.61M | 144.08M | 132.23M | 133.13M | 127.74M | 143.31M | 139.78M | 138.49M | 121.53M | 120.34M | 103.98M | 103.91M | 87.91M | 95.16M | 92.92M | 90.91M | 81.17M | 83.09M |
| Total Non-Current Assets | 20.81B | 3.09B | 2.94B | 2.94B | 2.85B | 2.88B | 2.86B | 2.85B | 2.87B | 2.87B | 2.86B | 2.87B | 1.53B | 1.52B | 1.49B | 1.48B | 1.46B | 1.47B | 1.46B | 1.47B |
| Property, Plant & Equipment | 1.52B | 642.05M | 713.39M | 724.6M | 721.04M | 725.39M | 719.27M | 717.23M | 714.66M | 723.66M | 701.57M | 707.62M | 676.28M | 668.72M | 633.67M | 631.91M | 634.14M | 632.65M | 614.91M | 616.01M |
| Fixed Asset Turnover | 1.17x | 1.38x | 1.11x | 1.07x | 0.91x | 1.21x | 1.03x | 0.99x | 0.89x | 1.15x | 1.01x | 1.07x | 1.02x | 1.32x | 1.12x | 1.13x | 1.09x | 1.34x | 1.07x | 1.12x |
| Goodwill | 9.32B | 1.34B | 1.34B | 1.34B | 1.3B | 1.3B | 1.31B | 1.3B | 1.3B | 1.31B | 1.31B | 1.31B | 431.64M | 430.33M | 420.26M | 428M | 435.81M | 437.87M | 436.75M | 439.83M |
| Intangible Assets | 8.78B | 558.18M | 570.77M | 579.13M | 560.75M | 567.91M | 591.88M | 596.4M | 611.15M | 629.19M | 631.21M | 649.73M | 232.72M | 227.4M | 213.43M | 225.1M | 236.41M | 242.4M | 246.08M | 246.84M |
| Long-Term Investments | 0 | 0 | 130K | 216K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 1.2B | 554.62M | 320.72M | 294.1M | 269.88M | 295.67M | 246.15M | 233.94M | 242.37M | 215.69M | 221.85M | 196.16M | 192.48M | 191.1M | 227.11M | 191.22M | 149.74M | 153.08M | 160.1M | 162.43M |
| Total Assets | 24.53B | 5.08B | 4.86B | 4.72B | 4.59B | 4.55B | 4.51B | 4.45B | 4.51B | 4.63B | 4.5B | 4.55B | 3.31B | 3.28B | 3.07B | 3.04B | 3.04B | 3.09B | 3.12B | 3.1B |
| Asset Turnover | 0.09x | 0.19x | 0.17x | 0.17x | 0.14x | 0.19x | 0.17x | 0.16x | 0.14x | 0.18x | 0.16x | 0.19x | 0.21x | 0.27x | 0.23x | 0.23x | 0.23x | 0.27x | 0.21x | 0.22x |
| Asset Growth % | 434.26% | 11.64% | 7.78% | 6.05% | 1.83% | -1.58% | 0.32% | -2.18% | 36.35% | 41% | 46.49% | 49.58% | 8.73% | 6.03% | -1.47% | -2.03% | -5.3% | 8.98% | 16.3% | 17.19% |
| Total Current Liabilities | 0 | 0 | 1.25B | 1.02B | 960.97M | 789.76M | 816.04M | 762.53M | 848.46M | 789.58M | 745.03M | 809.39M | 801.95M | 785.74M | 731.97M | 746.56M | 687.83M | 680.51M | 671.89M | 681.02M |
| Accounts Payable | 0 | 0 | 115.73M | 97.91M | 102.06M | 99.93M | 94.6M | 78.44M | 86.22M | 84.7M | 79.83M | 81.92M | 93.56M | 93.3M | 96.57M | 97.98M | 93.23M | 96.8M | 88.9M | 83.25M |
| Days Payables Outstanding | - | - | 29.65 | 28.31 | 32.11 | 26.23 | 26.1 | 25.99 | 29.38 | 23.77 | 25.26 | 26.52 | 29.9 | 24.81 | 28.82 | 28.32 | 30.6 | 23.81 | 28.89 | 26.75 |
| Short-Term Debt | 0 | 0 | 460M | 260M | 100M | 0 | 0 | 0 | 50M | 50M | 50M | 50M | 50.04M | 50M | 50M | 50M | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 0 | 0 | 301.34M | 333.85M | 340.09M | 250.81M | 294.88M | 316.93M | 336.72M | 256.68M | 275.94M | 324.67M | 306.87M | 227.91M | 248.88M | 282.34M | 315.09M | 227.56M | 262.76M | 284.76M |
| Other Current Liabilities | 0 | 0 | 141.1M | 251.63M | 206.67M | 243.22M | 240.48M | 196.09M | 217.27M | 238.07M | 188.93M | 193.19M | 164.02M | 243.6M | 184.81M | 175.9M | 160.57M | 256.25M | 221.49M | 222.03M |
| Current Ratio | - | - | 1.53x | 1.75x | 1.81x | 2.11x | 2.02x | 2.10x | 1.94x | 2.22x | 2.19x | 2.08x | 2.21x | 2.24x | 2.15x | 2.10x | 2.30x | 2.39x | 2.47x | 2.41x |
| Quick Ratio | - | - | 1.08x | 1.22x | 1.28x | 1.51x | 1.38x | 1.42x | 1.30x | 1.57x | 1.46x | 1.41x | 1.59x | 1.66x | 1.55x | 1.55x | 1.75x | 1.87x | 1.89x | 1.89x |
| Cash Conversion Cycle | - | - | 209.04 | 205.8 | 221.28 | 183.67 | 209.71 | 220.98 | 245.82 | 204.33 | 228.26 | 214.67 | 216.37 | 162.69 | 177.08 | 168.37 | 169.49 | 133.32 | 169.15 | 156.13 |
| Total Non-Current Liabilities | 9.24B | 2.52B | 1.28B | 1.54B | 1.67B | 1.94B | 2.09B | 2.27B | 2.4B | 2.69B | 2.85B | 2.97B | 1.91B | 1.99B | 1.95B | 1.9B | 1.98B | 2.05B | 2.15B | 2.15B |
| Long-Term Debt | 5.21B | 1.41B | 947.21M | 1.2B | 1.36B | 1.63B | 1.83B | 2.01B | 2.01B | 2.31B | 2.46B | 2.58B | 1.43B | 1.52B | 1.49B | 1.43B | 1.44B | 1.51B | 1.61B | 1.6B |
| Capital Lease Obligations | 0 | 0 | 50.47M | 52.66M | 52.25M | 50.32M | 53.23M | 56.35M | 55.93M | 58.93M | 60.17M | 66.86M | 62.26M | 62.11M | 61.47M | 60.58M | 61.13M | 59.62M | 58.38M | 61.4M |
| Deferred Tax Liabilities | 0 | 0 | 30.88M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 4.02B | 1.12B | 252.02M | 292.51M | 259.24M | 258.73M | 213M | 212.19M | 342.29M | 322.49M | 331.19M | 320.53M | 412.66M | 404.24M | 396.75M | 406.93M | 473.25M | 473.38M | 476.81M | 489.58M |
| Total Liabilities | 9.24B | 2.52B | 2.53B | 2.56B | 2.63B | 2.73B | 2.91B | 3.04B | 3.25B | 3.48B | 3.59B | 3.78B | 2.71B | 2.78B | 2.68B | 2.65B | 2.67B | 2.73B | 2.82B | 2.84B |
| Total Debt | 5.21B | 1.41B | 1.49B | 1.54B | 1.54B | 1.7B | 1.9B | 2.09B | 2.14B | 2.44B | 2.59B | 2.72B | 1.57B | 1.66B | 1.63B | 1.57B | 1.53B | 1.6B | 1.7B | 1.69B |
| Net Debt | 4.75B | 819.61M | 1.03B | 1.17B | 1.15B | 1.38B | 1.57B | 1.76B | 1.8B | 2.05B | 2.26B | 2.39B | 1.08B | 1.18B | 1.19B | 1.15B | 1.05B | 1.1B | 1.17B | 1.23B |
| Debt / Equity | 0.34x | 0.55x | 0.64x | 0.71x | 0.78x | 0.93x | 1.19x | 1.48x | 1.70x | 2.12x | 2.86x | 3.53x | 2.61x | 3.30x | 4.23x | 4.00x | 4.08x | 4.36x | 5.75x | 6.31x |
| Debt / EBITDA | 49.67x | 3.88x | 6.07x | 6.41x | 7.64x | 4.99x | 7.36x | 8.84x | 11.73x | 7.82x | 11.41x | 11.41x | 7.63x | 5.24x | 7.27x | 6.71x | 6.71x | 5.41x | 7.55x | 7.36x |
| Net Debt / EBITDA | 45.27x | 2.26x | 4.20x | 4.88x | 5.74x | 4.04x | 6.09x | 7.46x | 9.88x | 6.56x | 9.93x | 10.02x | 5.26x | 3.72x | 5.29x | 4.92x | 4.61x | 3.72x | 5.22x | 5.36x |
| Interest Coverage | -1.10x | 31.65x | 7.39x | 13.38x | 11.01x | 15.58x | 10.03x | 8.14x | 5.50x | 8.74x | 6.03x | 8.75x | 12.44x | 20.82x | 15.76x | 17.84x | 17.88x | 24.18x | 17.49x | 17.41x |
| Total Equity | 15.29B | 2.56B | 2.33B | 2.16B | 1.96B | 1.83B | 1.6B | 1.41B | 1.26B | 1.15B | 905.52M | 771.23M | 599.82M | 504.49M | 385.24M | 392.12M | 374.94M | 367.55M | 295.22M | 268.27M |
| Equity Growth % | 679.25% | 40.07% | 45.39% | 52.96% | 56.18% | 58.95% | 77.04% | 83.08% | 109.48% | 128.02% | 135.06% | 96.68% | 59.98% | 37.26% | 30.49% | 46.17% | 62.34% | 58.33% | 809.99% | 239.91% |
| Book Value per Share | 186.17 | 42.86 | 39.09 | 36.20 | 32.86 | 30.66 | 26.94 | 23.75 | 21.14 | 19.40 | 15.28 | 13.07 | 10.11 | 8.46 | 6.41 | 6.48 | 6.15 | 5.98 | 4.77 | 4.32 |
| Total Shareholders' Equity | 15.29B | 2.56B | 2.33B | 2.16B | 1.96B | 1.83B | 1.6B | 1.41B | 1.26B | 1.15B | 905.52M | 771.23M | 599.82M | 504.49M | 385.24M | 392.12M | 374.94M | 367.55M | 295.22M | 268.27M |
| Common Stock | 0 | 2.56B | 1.63M | 1.63M | 1.63M | 1.63M | 1.63M | 1.63M | 1.63M | 1.63M | 1.63M | 1.63M | 1.63M | 1.62M | 1.62M | 1.62M | 1.62M | 1.62M | 1.62M | 1.62M |
| Retained Earnings | 0 | 0 | 10.21B | 10.06B | 9.91B | 9.79B | 9.56B | 9.4B | 9.25B | 9.15B | 8.93B | 8.8B | 8.65B | 8.51B | 8.28B | 8.13B | 7.96B | 7.8B | 7.58B | 7.42B |
| Treasury Stock | 0 | 0 | -10.16B | -10.16B | -10.16B | -10.15B | -10.15B | -10.15B | -10.15B | -10.13B | -10.13B | -10.13B | -10.13B | -10.06B | -9.92B | -9.76B | -9.61B | -9.44B | -9.28B | -9.14B |
| Accumulated OCI | 0 | 0 | -111.17M | -116.77M | -149.85M | -155.28M | -132.28M | -148.2M | -141.88M | -134.12M | -146.3M | -128.8M | -132.8M | -141.57M | -164.39M | -141.39M | -117.72M | -111.86M | -115.61M | -111.18M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |