Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the debt to assets ratio high or low?
The debt to assets ratio of 21.23% is 51% below its 5-year average of 43.68%, near the low end of its 5-year range (21.23%–59.87%).
As of the fiscal period ended Saturday, July 4, 2026. 18.25% below its 12-month average of 25.97%.
Reported quarterly debt to assets ratio; no daily interpolation. Q2 FY2026 (2026-07-04): 21.23%.
DEBT TO ASSETS RATIO
21.23%
DEBT TO ASSETS RATIO AVG TTM
25.97%
DEBT TO ASSETS RATIO AVG 3Y
37.86%
DEBT TO ASSETS RATIO AVG 5Y
43.68%
DEBT TO ASSETS RATIO AVG 10Y
44.80%
DEBT TO ASSETS RATIO AVG 15Y
41.98%
DEBT TO ASSETS RATIO AVG 20Y
41.99%
CURRENT VS TTM AVG
-18.25%
CURRENT VS 3Y AVG
-43.93%
CURRENT VS 5Y AVG
-51.40%
CURRENT VS 10Y AVG
-52.62%
CURRENT VS 15Y AVG
-49.43%
CURRENT VS 20Y AVG
-49.45%
SECTOR MEDIAN · HEALTHCARE
0.29%
median of 90 covered companies
CURRENT VS SECTOR MEDIAN
+7348.22%
vs the sector median at left
Waters Corporation
Market Cap
$30.28B
Debt to Assets Ratio
21.23%
TTM Avg
25.97%
3Y Avg
37.86%
5Y Avg
43.68%
Market Cap
$29.44B
Debt to Assets Ratio
0.27%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Waters Corporation (WAT) | $30.28B | 21.23% | 25.97% | 37.86% | 43.68% |
| Zoetis Inc. (ZTS)vs › | $30.74B | 0.61% | N/A | N/A | N/A |
| GE HealthCare Technologies Inc. (GEHC)vs › | $29.44B | 0.27% | N/A | N/A | N/A |
| Biogen Inc. (BIIB)vs › | $31.14B | 0.26% | N/A | N/A | N/A |
| DexCom, Inc. (DXCM)vs › | $31.65B | 0.22% | N/A | N/A | N/A |
| Centene Corp. (CNC)vs › | $31.66B | 0.19% | N/A | N/A | N/A |
| Medline Inc. (MDLN)vs › | $28.79B | 0.32% | N/A | N/A | N/A |
| ResMed Inc. (RMD)vs › | $31.91B | 0.09% | N/A | N/A | N/A |
| Alcon Inc. (ALC)vs › | $33.37B | 0.17% | N/A | N/A | N/A |
| Labcorp Holdings Inc. (LH)vs › | $26.33B | 0.37% | N/A | N/A | N/A |
Debt/Assets
21.2%
Debt/Equity
0.35
Current Ratio
1.86
Interest Coverage
12.8x
Formula: Debt/Assets = Total Debt / Total Assets × 100
Debt/Assets vs Debt/Equity:
Industry context matters: Capital-intensive industries (utilities, real estate) typically have higher Debt/Assets ratios than tech companies.
Debt/Assets ratio shows what percentage of a company's assets are financed by debt. Compare the current value with the historical chart and peer group to understand leverage over time.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | DEBT TO ASSETS RATIO |
|---|---|
| 2026-07-04 | 21.23% |
| 2026-04-04 | 22.71% |
| 2025-12-31 | 29.37% |
| 2025-09-27 | 30.56% |
| 2025-06-28 | 32.61% |
| 2025-03-29 | 33.46% |
| 2024-12-31 | 37.38% |
| 2024-09-28 | 42.22% |
| 2024-06-29 | 46.95% |
| 2024-03-30 | 47.43% |
| 2023-12-31 | 52.78% |
| 2023-09-30 | 57.64% |
| 2023-07-01 | 59.87% |
| 2023-04-01 | 47.38% |
| 2022-12-31 | 50.69% |
| 2022-10-01 | 53.10% |
| 2022-07-02 | 51.64% |
| 2022-04-02 | 50.35% |
| 2021-12-31 | 51.74% |
| 2021-10-02 | 54.52% |
| 2021-07-03 | 54.53% |
| 2021-04-03 | 55.78% |
| 2020-12-31 | 51.14% |
| 2020-09-26 | 61.98% |
| 2020-06-27 | 67.47% |
| 2020-03-28 | 74.54% |
| 2019-12-31 | 69.42% |
| 2019-09-28 | 56.26% |
| 2019-06-29 | 43.94% |
| 2019-03-30 | 38.26% |
| 2018-12-31 | 30.81% |
| 2018-09-29 | 28.40% |
| 2018-06-30 | 27.62% |
| 2018-03-31 | 27.80% |
| 2017-12-31 | 37.42% |
| 2017-09-30 | 37.92% |
| 2017-07-01 | 38.27% |
| 2017-04-01 | 38.82% |
| 2016-12-31 | 39.19% |
| 2016-10-01 | 38.94% |
| 2016-07-02 | 39.50% |
| 2016-04-02 | 39.35% |
| 2015-12-31 | 39.15% |
| 2015-10-03 | 39.56% |
| 2015-07-04 | 38.73% |
| 2015-04-04 | 38.35% |
| 2014-12-31 | 37.71% |
| 2014-09-27 | 38.12% |
| 2014-06-28 | 37.38% |
| 2014-03-29 | 36.50% |
| 2013-12-31 | 37.01% |
| 2013-09-28 | 37.77% |
| 2013-06-29 | 38.59% |
| 2013-03-30 | 38.45% |
| 2012-12-31 | 37.18% |
| 2012-09-29 | 38.29% |
| 2012-06-30 | 38.19% |
| 2012-03-31 | 36.05% |
| 2011-12-31 | 36.38% |
| 2011-10-01 | 36.81% |
| 2011-07-02 | 32.51% |
| 2011-04-02 | 32.30% |
| 2010-12-31 | 32.91% |
| 2010-10-02 | 35.92% |
| 2010-07-03 | 37.17% |
| 2010-04-03 | 35.96% |
| 2009-12-31 | 33.11% |
| 2009-10-03 | 34.19% |
| 2009-07-04 | 34.99% |
| 2009-04-04 | 35.12% |
| 2008-12-31 | 33.03% |
| 2008-09-27 | 48.84% |
| 2008-06-28 | 47.67% |
| 2008-03-29 | 47.07% |
| 2007-12-31 | 47.00% |
| 2007-09-29 | 51.09% |
| 2007-06-30 | 53.36% |
| 2007-03-31 | 53.52% |
| 2006-12-31 | 55.86% |
| 2006-09-30 | 58.98% |
| 2006-07-01 | 58.68% |
| 2006-04-01 | 58.21% |
| 2005-12-31 | 57.83% |
| 2005-10-01 | 48.26% |
| 2005-07-02 | 44.05% |
| 2005-04-02 | 39.53% |
| 2004-12-31 | 31.27% |
| 2004-10-02 | 29.45% |
| 2004-07-03 | 32.22% |
| 2004-04-03 | 28.56% |
| 2003-12-31 | 21.78% |
| 2003-09-30 | 19.81% |
| 2003-06-30 | 11.48% |
| 2003-03-31 | 9.24% |
| 2002-12-31 | 0.74% |
| 2002-09-30 | 0.12% |
