65/100B458.05
USD
-3.54
(-0.77%)
Market Open
Last updated: · Delayed 15 min
Fair value325.47Plus+41%244Price 458.05407
Q4 FY2026 · Earnings report
EPS estimate 4.63Revenue estimate 1.81B
Q4 FY2026 · Earnings report
EPS estimate 4.63Revenue estimate 1.81B
Waters total debt 1995–2026What is the debt to equity ratio? Debt to equity is a company's total debt divided by its shareholders' equity: how much it has borrowed for each dollar its owners have in the business.
Waters's total debt was 5.13B USD on 3 October 2026, up 245.4% on a year before. At the end of fiscal year 2025 it was 1.49B USD.
Last updated 11 Nov 2026 · Next report 8 Feb 2027
Total debt
Growth
| Fiscal year | Period ending | Total debt | Growth | Cash and short-term investments | Net cash | Debt to equity |
|---|---|---|---|---|---|---|
| Latest quarter | 3 Oct 2026 | 5.13B | +245.39% | 593.00M | -4.54B | 0.34 |
| FY2025 | 31 Dec 2025 | 1.49B | -12.41% | 587.83M | -903.25M | 0.58 |
| FY2024 | 31 Dec 2024 | 1.70B | -30.30% | 325.36M | -1.38B | 0.93 |
| FY2023 | 31 Dec 2023 | 2.44B | +46.82% | 395.97M | -2.05B | 2.12 |
| FY2022 | 31 Dec 2022 | 1.66B | +3.87% | 481.39M | -1.18B | 3.30 |
| FY2021 | 31 Dec 2021 | 1.60B | +10.25% | 569.29M | -1.03B | 4.36 |
| FY2020 | 31 Dec 2020 | 1.45B | -18.18% | 443.15M | -1.01B | 6.26 |
| FY2019 | 31 Dec 2019 | 1.78B | +54.58% | 337.14M | -1.44B | — |
| FY2018 | 31 Dec 2018 | 1.15B | -42.52% | 1.74B | 586.87M | 0.73 |
| FY2017 | 31 Dec 2017 | 2.00B | +9.33% | 3.39B | 1.40B | 0.89 |
| FY2016 | 31 Dec 2016 | 1.83B | +9.53% | 2.81B | 985.77M | 0.79 |
| FY2015 | 31 Dec 2015 | 1.67B | +14.06% | 2.40B | 730.93M | 0.81 |
| FY2014 | 31 Dec 2014 | 1.46B | +10.53% | 2.06B | 592.70M | 0.77 |
| FY2013 | 31 Dec 2013 | 1.32B | +12.36% | 1.80B | 480.32M | 0.75 |
| FY2012 | 31 Dec 2012 | 1.18B | +18.87% | 1.54B | 361.24M | 0.80 |
| FY2011 | 31 Dec 2011 | 990.83M | +29.34% | 1.28B | 290.52M | 0.81 |
| FY2010 | 31 Dec 2010 | 766.06M | +21.25% | 946.42M | 180.36M | 0.72 |
| FY2009 | 31 Dec 2009 | 631.77M | +17.84% | 630.26M | -1.52M | 0.74 |
| FY2008 | 31 Dec 2008 | 536.12M | -39.37% | 428.52M | -107.60M | 0.81 |
| FY2007 | 31 Dec 2007 | 884.18M | -2.13% | 693.01M | -191.16M | 1.51 |
| FY2006 | 31 Dec 2006 | 903.46M | +9.34% | 514.17M | -389.30M | 2.49 |
| FY2005 | 31 Dec 2005 | 826.29M | +80.94% | 493.59M | -332.70M | 2.91 |
| FY2004 | 31 Dec 2004 | 456.66M | +85.40% | 539.08M | 82.41M | 0.67 |
| FY2003 | 31 Dec 2003 | 246.31M | +3,190.26% | 356.78M | 110.47M | 0.42 |
| FY2002 | 31 Dec 2002 | 7.49M | +556.67% | 263.31M | 255.83M | 0.01 |
| FY2001 | 31 Dec 2001 | 1.14M | -76.63% | 226.80M | 225.66M | 0.00 |
| FY2000 | 31 Dec 2000 | 4.88M | -94.88% | 75.51M | 70.63M | 0.01 |
| FY1999 | 31 Dec 1999 | 95.30M | -57.19% | 3.80M | -91.50M | 0.33 |
| FY1998 | 31 Dec 1998 | 222.60M | -28.81% | 5.50M | -217.10M | 1.40 |
| FY1997 | 31 Dec 1997 | 312.70M | +47.36% | 3.10M | -309.60M | 4.44 |
| FY1996 | 31 Dec 1996 | 212.20M | +32.29% | 600.00K | -211.60M | 3.26 |
| FY1995 | 31 Dec 1995 | 160.40M | — | 3.20M | -157.20M | 2.49 |
| Quarter | Period ending | Total debt | Growth on a year before | Cash and short-term investments | Net cash | Debt to equity |
|---|---|---|---|---|---|---|
| Q3 FY2026 | 3 Oct 2026 | 5.13B | +245.39% | 593.00M | -4.54B | 0.34 |
| Q2 FY2026 | 4 Jul 2026 | 5.25B | +241.53% | 539.00M | -4.72B | 0.35 |
| Q1 FY2026 | 4 Apr 2026 | 5.57B | +262.56% | 462.00M | -5.11B | 0.36 |
| Q4 FY2025 | 31 Dec 2025 | 1.49B | -12.41% | 587.83M | -903.25M | 0.58 |
| Q3 FY2025 | 27 Sept 2025 | 1.49B | -21.98% | 459.12M | -1.03B | 0.64 |
| Q2 FY2025 | 28 Jun 2025 | 1.54B | -26.35% | 367.22M | -1.17B | 0.71 |
| Q1 FY2025 | 29 Mar 2025 | 1.54B | -28.16% | 382.87M | -1.15B | 0.78 |
| Q4 FY2024 | 31 Dec 2024 | 1.70B | -30.30% | 325.36M | -1.38B | 0.93 |
| Q3 FY2024 | 28 Sept 2024 | 1.90B | -26.51% | 331.46M | -1.57B | 1.19 |
| Q2 FY2024 | 29 Jun 2024 | 2.09B | -23.29% | 327.36M | -1.76B | 1.48 |
| Q1 FY2024 | 30 Mar 2024 | 2.14B | +36.48% | 338.21M | -1.80B | 1.70 |
| Q4 FY2023 | 31 Dec 2023 | 2.44B | +46.82% | 395.97M | -2.05B | 2.12 |
| Q3 FY2023 | 30 Sept 2023 | 2.59B | +58.98% | 337.31M | -2.25B | 2.86 |
| Q2 FY2023 | 1 Jul 2023 | 2.72B | +73.42% | 330.58M | -2.39B | 3.53 |
| Q1 FY2023 | 1 Apr 2023 | 1.57B | +2.32% | 486.96M | -1.08B | 2.61 |
| Q4 FY2022 | 31 Dec 2022 | 1.66B | +3.87% | 481.39M | -1.18B | 3.30 |
| Q3 FY2022 | 1 Oct 2022 | 1.63B | -4.03% | 444.51M | -1.19B | 4.23 |
| Q2 FY2022 | 2 Jul 2022 | 1.57B | -7.22% | 419.79M | -1.15B | 4.00 |
| Q1 FY2022 | 2 Apr 2022 | 1.53B | -14.52% | 503.10M | -1.03B | 4.08 |
| Q4 FY2021 | 31 Dec 2021 | 1.60B | +10.25% | 569.29M | -1.03B | 4.36 |
| Q3 FY2021 | 2 Oct 2021 | 1.70B | +2.31% | 655.19M | -1.04B | 5.75 |
| Q2 FY2021 | 3 Jul 2021 | 1.69B | -5.29% | 663.62M | -1.03B | 6.31 |
| Q1 FY2021 | 3 Apr 2021 | 1.79B | -9.87% | 809.77M | -981.73M | 7.76 |
| Q4 FY2020 | 31 Dec 2020 | 1.45B | -18.18% | 443.15M | -1.01B | 6.26 |
| Q3 FY2020 | 26 Sept 2020 | 1.66B | +15.24% | 397.07M | -1.26B | — |
| Q2 FY2020 | 27 Jun 2020 | 1.79B | +44.04% | 355.76M | -1.43B | — |
| Q1 FY2020 | 28 Mar 2020 | 1.99B | +59.87% | 393.87M | -1.59B | — |
| Q4 FY2019 | 31 Dec 2019 | 1.78B | +54.58% | 337.14M | -1.44B | — |
| Q3 FY2019 | 28 Sept 2019 | 1.44B | +25.48% | 404.65M | -1.04B | 12.48 |
| Q2 FY2019 | 29 Jun 2019 | 1.24B | +8.02% | 675.77M | -564.74M | 2.23 |
| Q1 FY2019 | 30 Mar 2019 | 1.24B | -0.38% | 1.17B | -76.00M | 1.28 |
| Q4 FY2018 | 31 Dec 2018 | 1.15B | -42.52% | 1.74B | 586.87M | 0.73 |
| Q3 FY2018 | 29 Sept 2018 | 1.15B | -41.34% | 2.08B | 935.92M | 0.61 |
| Q2 FY2018 | 30 Jun 2018 | 1.15B | -39.95% | 2.25B | 1.10B | 0.58 |
| Q1 FY2018 | 31 Mar 2018 | 1.25B | -33.17% | 2.55B | 1.30B | 0.59 |
| Q4 FY2017 | 31 Dec 2017 | 2.00B | +9.33% | 3.39B | 1.40B | 0.89 |
| Q3 FY2017 | 30 Sept 2017 | 1.96B | +9.86% | 3.25B | 1.30B | 0.74 |
| Q2 FY2017 | 1 Jul 2017 | 1.91B | +8.85% | 3.13B | 1.21B | 0.76 |
| Q1 FY2017 | 1 Apr 2017 | 1.87B | +8.64% | 2.97B | 1.10B | 0.78 |
| Q4 FY2016 | 31 Dec 2016 | 1.83B | +9.53% | 2.81B | 985.77M | 0.79 |
| Q3 FY2016 | 1 Oct 2016 | 1.78B | +9.31% | 2.71B | 931.01M | 0.79 |
| Q2 FY2016 | 2 Jul 2016 | 1.76B | +12.60% | 2.60B | 842.83M | 0.82 |
| Q1 FY2016 | 2 Apr 2016 | 1.72B | +15.72% | 2.51B | 786.37M | 0.82 |
| Q4 FY2015 | 31 Dec 2015 | 1.67B | +14.06% | 2.40B | 730.93M | 0.81 |
| Q3 FY2015 | 3 Oct 2015 | 1.63B | +14.00% | 2.31B | 680.56M | 0.83 |
| Q2 FY2015 | 4 Jul 2015 | 1.56B | +11.98% | 2.21B | 648.60M | 0.81 |
| Q1 FY2015 | 4 Apr 2015 | 1.49B | +11.50% | 2.11B | 623.73M | 0.80 |
| Q4 FY2014 | 31 Dec 2014 | 1.46B | +10.53% | 2.06B | 592.70M | 0.77 |
| Q3 FY2014 | 27 Sept 2014 | 1.43B | +10.53% | 1.95B | 516.35M | 0.78 |
| Q2 FY2014 | 28 Jun 2014 | 1.39B | +9.90% | 1.92B | 524.16M | 0.76 |
| Q1 FY2014 | 29 Mar 2014 | 1.33B | +8.02% | 1.85B | 521.09M | 0.73 |
| Q4 FY2013 | 31 Dec 2013 | 1.32B | +12.36% | 1.80B | 480.32M | 0.75 |
| Q3 FY2013 | 28 Sept 2013 | 1.29B | +12.73% | 1.70B | 405.35M | 0.80 |
| Q2 FY2013 | 29 Jun 2013 | 1.27B | +15.12% | 1.65B | 381.81M | 0.83 |
| Q1 FY2013 | 30 Mar 2013 | 1.23B | +20.48% | 1.59B | 356.62M | 0.84 |
| Q4 FY2012 | 31 Dec 2012 | 1.18B | +18.87% | 1.54B | 361.24M | 0.80 |
| Q3 FY2012 | 29 Sept 2012 | 1.15B | +18.13% | 1.45B | 300.74M | 0.86 |
| Q2 FY2012 | 30 Jun 2012 | 1.10B | +31.71% | 1.39B | 290.78M | 0.87 |
| Q1 FY2012 | 31 Mar 2012 | 1.02B | +29.51% | 1.35B | 329.94M | 0.80 |
| Q4 FY2011 | 31 Dec 2011 | 990.83M | +29.34% | 1.28B | 290.52M | 0.81 |
| Q3 FY2011 | 1 Oct 2011 | 971.58M | +22.64% | 1.19B | 222.64M | 0.84 |
| Q2 FY2011 | 2 Jul 2011 | 836.18M | +10.48% | 1.12B | 285.50M | 0.68 |
| Q1 FY2011 | 2 Apr 2011 | 790.35M | +10.94% | 1.04B | 248.70M | 0.69 |
| Q4 FY2010 | 31 Dec 2010 | 766.06M | +21.25% | 946.42M | 180.36M | 0.72 |
| Q3 FY2010 | 2 Oct 2010 | 792.24M | +22.90% | 262.80M | -529.44M | 0.86 |
| Q2 FY2010 | 3 Jul 2010 | 756.86M | +19.99% | 754.47M | -2.39M | 0.93 |
| Q1 FY2010 | 3 Apr 2010 | 712.38M | +21.14% | 692.18M | -20.20M | 0.88 |
| Q4 FY2009 | 31 Dec 2009 | 631.77M | +17.84% | 630.26M | -1.52M | 0.74 |
| Q3 FY2009 | 3 Oct 2009 | 644.65M | -37.26% | 578.15M | -66.50M | 0.83 |
| Q2 FY2009 | 4 Jul 2009 | 630.76M | -35.90% | 505.68M | -125.08M | 0.86 |
| Q1 FY2009 | 4 Apr 2009 | 588.06M | -36.72% | 431.27M | -156.79M | 0.88 |
| Q4 FY2008 | 31 Dec 2008 | 536.12M | -39.37% | 428.52M | -107.60M | 0.81 |
| Q3 FY2008 | 27 Sept 2008 | 1.03B | +12.85% | 892.60M | -134.89M | 1.59 |
| Q2 FY2008 | 28 Jun 2008 | 984.02M | +10.64% | 830.68M | -153.34M | 1.51 |
| Q1 FY2008 | 29 Mar 2008 | 929.30M | +6.63% | 758.53M | -170.77M | 1.51 |
| Q4 FY2007 | 31 Dec 2007 | 884.18M | -2.13% | 693.01M | -191.16M | 1.51 |
| Q3 FY2007 | 29 Sept 2007 | 910.52M | +2.78% | 626.47M | -284.05M | 2.00 |
| Q2 FY2007 | 30 Jun 2007 | 889.42M | +3.14% | 544.30M | -345.11M | 2.35 |
| Q1 FY2007 | 31 Mar 2007 | 871.50M | +3.98% | 503.69M | -367.82M | 2.33 |
| Q4 FY2006 | 31 Dec 2006 | 903.46M | +9.34% | 514.17M | -389.30M | 2.49 |
| Q3 FY2006 | 30 Sept 2006 | 885.89M | +35.50% | 511.57M | -374.33M | 3.39 |
| Q2 FY2006 | 1 Jul 2006 | 862.35M | +31.17% | 489.56M | -372.79M | 3.44 |
| Q1 FY2006 | 1 Apr 2006 | 838.18M | +43.05% | 481.22M | -356.95M | 3.23 |
| Q4 FY2005 | 31 Dec 2005 | 826.29M | +80.94% | 493.59M | -332.70M | 2.91 |
| Q3 FY2005 | 1 Oct 2005 | 653.79M | +66.49% | 488.90M | -164.89M | 1.84 |
| Q2 FY2005 | 2 Jul 2005 | 657.44M | +60.55% | 615.23M | -42.21M | 1.27 |
| Q1 FY2005 | 2 Apr 2005 | 585.94M | +64.85% | 586.91M | 977.00K | 1.01 |
| Q4 FY2004 | 31 Dec 2004 | 456.66M | +85.40% | 539.08M | 82.41M | 0.67 |
| Q3 FY2004 | 2 Oct 2004 | 392.70M | +92.08% | 471.17M | 78.47M | 0.62 |
| Q2 FY2004 | 3 Jul 2004 | 409.50M | +253.51% | 419.98M | 10.48M | 0.74 |
| Q1 FY2004 | 3 Apr 2004 | 355.43M | +270.02% | 408.61M | 53.18M | 0.62 |
| Q4 FY2003 | 31 Dec 2003 | 246.31M | +3,190.26% | 356.78M | 110.47M | 0.42 |
| Q3 FY2003 | 30 Sept 2003 | 204.44M | +17,817.79% | 288.12M | 83.68M | 0.36 |
| Q2 FY2003 | 30 Jun 2003 | 115.84M | +12,629.45% | 283.04M | 167.21M | 0.19 |
| Q1 FY2003 | 31 Mar 2003 | 96.06M | +5,851.49% | 271.57M | 175.52M | 0.16 |
| Q4 FY2002 | 31 Dec 2002 | 7.49M | +556.67% | 263.31M | 255.83M | 0.01 |
| Q3 FY2002 | 30 Sept 2002 | 1.14M | +1.51% | 235.79M | 234.65M | 0.00 |
| Q2 FY2002 | 30 Jun 2002 | 910.00K | -58.24% | 306.41M | 305.50M | 0.00 |
| Q1 FY2002 | 31 Mar 2002 | 1.61M | -29.12% | 250.76M | 249.15M | 0.00 |
| Q4 FY2001 | 31 Dec 2001 | 1.14M | -76.63% | 226.80M | 225.66M | 0.00 |
| Q3 FY2001 | 30 Sept 2001 | 1.12M | -93.55% | 164.23M | 163.11M | 0.00 |
| Q2 FY2001 | 30 Jun 2001 | 2.18M | -83.79% | 134.51M | 132.34M | 0.00 |
| Q1 FY2001 | 31 Mar 2001 | 2.28M | -96.02% | 89.19M | 86.92M | 0.00 |
| Q4 FY2000 | 31 Dec 2000 | 4.88M | -94.88% | 75.51M | 70.63M | 0.01 |
| Q3 FY2000 | 30 Sept 2000 | 17.42M | -85.09% | 23.20M | 5.78M | 0.04 |
| Q2 FY2000 | 30 Jun 2000 | 13.44M | -91.04% | 2.46M | -10.98M | 0.04 |
| Q1 FY2000 | 31 Mar 2000 | 57.25M | -69.32% | 2.23M | -55.03M | 0.17 |
| Q4 FY1999 | 31 Dec 1999 | 95.30M | -57.19% | 3.80M | -91.50M | 0.33 |
| Q3 FY1999 | 30 Sept 1999 | 116.80M | -54.96% | 4.30M | -112.50M | 0.43 |
| Q2 FY1999 | 30 Jun 1999 | 150.00M | -47.68% | 2.00M | -148.00M | 0.66 |
| Q1 FY1999 | 31 Mar 1999 | 186.60M | -38.19% | 1.80M | -184.80M | 1.00 |
| Q4 FY1998 | 31 Dec 1998 | 222.60M | -28.81% | 5.50M | -217.10M | 1.40 |
| Q3 FY1998 | 30 Sept 1998 | 259.30M | -24.78% | 3.60M | -255.70M | 2.22 |
| Q2 FY1998 | 30 Jun 1998 | 286.70M | +57.44% | 1.60M | -285.10M | 3.06 |
| Q1 FY1998 | 31 Mar 1998 | 301.90M | +53.25% | 2.60M | -299.30M | 4.18 |
| Q4 FY1997 | 31 Dec 1997 | 312.70M | +47.36% | 3.10M | -309.60M | 4.44 |
| Q3 FY1997 | 30 Sept 1997 | 344.70M | +51.45% | 10.10M | -334.60M | 5.52 |
| Q2 FY1997 | 30 Jun 1997 | 182.10M | -23.36% | 2.40M | -179.70M | 2.01 |
| Q1 FY1997 | 31 Mar 1997 | 197.00M | +36.43% | 2.80M | -194.20M | 2.55 |
| Q4 FY1996 | 31 Dec 1996 | 212.20M | +32.29% | 600.00K | -211.60M | 3.26 |
| Q3 FY1996 | 30 Sept 1996 | 227.60M | -14.24% | 2.10M | -225.50M | 4.78 |
| Q2 FY1996 | 30 Jun 1996 | 237.60M | -13.13% | 800.00K | -236.80M | 5.91 |
| Q1 FY1996 | 31 Mar 1996 | 144.40M | -47.24% | 1.80M | -142.60M | 2.00 |
| Q4 FY1995 | 31 Dec 1995 | 160.40M | — | 3.20M | -157.20M | 2.49 |
| Q3 FY1995 | 30 Sept 1995 | 265.40M | — | 24.70M | -240.70M | — |
| Q2 FY1995 | 30 Jun 1995 | 273.50M | — | 26.50M | -247.00M | — |
| Q1 FY1995 | 31 Mar 1995 | 273.70M | — | 15.30M | -258.40M | — |
Figures in USD at the end of each period. Net cash is cash and short-term investments less total debt; book value per share is on the diluted share count. The latest column is the most recent quarter.
Total debt counts commercial paper, term debt and lease liabilities.
See also:Revenue,Net income,EPS,Shares outstanding,Operating income,Cash on hand,Free cash flow,Stock buybacks,Balance sheet
Common questions about Waters's debt
Source: Financial Modeling PrepVerified against SEC filings