Quick Ratio
Updated 200h ago
Sector Performance
67th percentileWAT
0.97x
Sector Median
0.71x
Sector Avg
3.05x
Deep Analysis
The quick ratio measures a company's ability to pay short-term obligations using its most liquid assets — excluding inventory.
At 0.97x, WAT holds $0.97 in liquid assets for every $1.00 of current liabilities, indicating that it can cover nearly all near-term debts. This ratio sits above the sector median of 0.72x, placing the company in the 67th percentile among its peers. However, no year-over-year or quarter-over-quarter data is available, so there is no trend to evaluate whether liquidity is improving or weakening. The combination of a level slightly below 1.0x with no trend information suggests a neutral liquidity position — not alarming, but not a clear strength. This metric supports the overall NEUTRAL verdict, as the quick ratio is adequate but unremarkable on its own.
Frequently Asked Questions
What does the Quick Ratio tell investors about WAT?
A strict liquidity test. Values below 1.0 suggest a company may struggle to cover short-term obligations without selling inventory.
How is the Quick Ratio calculated?
Quick Ratio is calculated as: (Cash + Receivables) / Current Liabilities.
Who are WAT's closest peers by Quick Ratio?
The closest peers by Quick Ratio include: EXR (0.16x), NIO (0.13x), DRI (0.13x), AWK (0.13x), SRE (0.11x).
The Formula
(Cash + Receivables) / Current Liabilities
Why It Matters
A strict liquidity test. Values below 1.0 suggest a company may struggle to cover short-term obligations without selling inventory.
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0.97x
Sector Median
0.71x
Sector Avg
3.05x
How WAT's Quick Ratio compares to sector peers.
Also Analyze
Not financial advice. Research tool only. Data may be delayed.