Waters Accounts Payable vs Other Current Liab Analysis

WAT Stock

USD 307.19 0.07 0.02%

Waters financial indicator trend analysis is more than just analyzing Waters current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Waters is a good investment. Please check the relationship between Waters Accounts Payable and its Other Current Liab accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Waters. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

For more information on how to buy Waters Stock please use our How to Invest in Waters guide.

Accounts Payable vs Other Current Liab

Accounts Payable vs Other Current Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Waters Accounts Payable account and Other Current Liab. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Waters' Accounts Payable and Other Current Liab is -0.23. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of Waters, assuming nothing else is changed. The correlation between historical values of Waters' Accounts Payable and Other Current Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Waters are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Accounts Payable i.e., Waters' Accounts Payable and Other Current Liab go up and down completely randomly.

Correlation Coefficient

-0.23

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Accounts Payable

An accounting item on the balance sheet that represents Waters obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Waters are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Other Current Liab

Most indicators from Waters' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Waters current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Waters. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

For more information on how to buy Waters Stock please use our How to Invest in Waters guide.Tax Provision is likely to gain to about 124.5 M in 2024, whereas Selling General Administrative is likely to drop slightly above 455.4 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	32.7M	37.8M	82.2M	86.4M
Depreciation And Amortization	154.0M	142.4M	165.9M	174.2M

Interest Expense Depreciation And Amortization

Waters fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Good Will	Property Plant And Equipment Gross	Common Stock Total Equity
Total Assets		0.87	-0.3	0.65	0.75	0.26	0.76	0.37	0.15	0.74	0.26	0.27	0.74	0.6	-0.39	0.07	0.33	0.43	-0.13	0.55	0.88	0.51	0.22	0.17	0.11	0.74
Short Long Term Debt Total	0.87		-0.43	0.89	0.66	0.13	0.93	0.27	-0.23	0.63	0.13	0.32	0.75	0.46	-0.28	-0.16	0.19	0.12	-0.06	0.48	0.83	0.81	0.07	0.05	0.01	0.49
Other Current Liab	-0.3	-0.43		-0.51	-0.55	0.66	-0.3	0.53	-0.23	-0.27	0.61	0.31	-0.72	0.24	-0.46	0.83	0.58	0.47	-0.64	0.34	-0.59	-0.72	0.5	0.57	0.7	0.11
Total Current Liabilities	0.65	0.89	-0.51		0.39	0.06	0.85	0.25	-0.38	0.51	0.05	0.4	0.6	0.41	-0.27	-0.25	0.13	-0.04	-0.11	0.45	0.66	0.95	-0.03	-0.06	-0.07	0.41
Total Stockholder Equity	0.75	0.66	-0.55	0.39		-0.21	0.6	-0.16	0.36	0.54	-0.12	-0.33	0.91	-0.02	0.26	-0.38	-0.12	0.17	0.46	0.04	0.91	0.43	-0.01	-0.05	-0.24	0.3
Property Plant And Equipment Net	0.26	0.13	0.66	0.06	-0.21		0.28	0.96	-0.15	0.22	0.96	0.57	-0.36	0.67	-0.8	0.89	0.98	0.82	-0.92	0.89	-0.11	-0.22	0.85	0.86	0.91	0.66
Net Debt	0.76	0.93	-0.3	0.85	0.6	0.28		0.37	-0.29	0.49	0.33	0.24	0.64	0.34	-0.23	-0.07	0.33	0.25	-0.14	0.59	0.74	0.75	0.3	0.29	0.2	0.44
Retained Earnings	0.37	0.27	0.53	0.25	-0.16	0.96	0.37		-0.2	0.4	0.89	0.71	-0.25	0.8	-0.89	0.83	0.96	0.76	-0.95	0.94	0.01	-0.04	0.74	0.73	0.83	0.75
Accounts Payable	0.15	-0.23	-0.23	-0.38	0.36	-0.15	-0.29	-0.2		0.09	-0.14	-0.32	0.24	-0.1	0.19	0.01	-0.12	0.26	0.29	-0.18	0.24	-0.34	-0.05	-0.11	-0.17	0.15
Cash	0.74	0.63	-0.27	0.51	0.54	0.22	0.49	0.4	0.09		0.16	0.34	0.58	0.6	-0.41	0.14	0.3	0.29	-0.22	0.46	0.7	0.41	0.09	0.02	0.03	0.69
Non Current Assets Total	0.26	0.13	0.61	0.05	-0.12	0.96	0.33	0.89	-0.14	0.16		0.36	-0.33	0.53	-0.66	0.79	0.95	0.84	-0.81	0.86	-0.09	-0.21	0.96	0.96	0.91	0.61
Non Currrent Assets Other	0.27	0.32	0.31	0.4	-0.33	0.57	0.24	0.71	-0.32	0.34	0.36		-0.18	0.83	-0.88	0.57	0.53	0.23	-0.78	0.61	-0.02	0.18	0.09	0.1	0.4	0.5
Cash And Short Term Investments	0.74	0.75	-0.72	0.6	0.91	-0.36	0.64	-0.25	0.24	0.58	-0.33	-0.18		0.0	0.25	-0.5	-0.29	-0.08	0.5	-0.01	0.96	0.66	-0.28	-0.33	-0.45	0.23
Net Receivables	0.6	0.46	0.24	0.41	-0.02	0.67	0.34	0.8	-0.1	0.6	0.53	0.83	0.0		-0.94	0.61	0.7	0.52	-0.78	0.76	0.23	0.16	0.34	0.31	0.51	0.83
Common Stock Shares Outstanding	-0.39	-0.28	-0.46	-0.27	0.26	-0.8	-0.23	-0.89	0.19	-0.41	-0.66	-0.88	0.25	-0.94		-0.77	-0.78	-0.56	0.92	-0.8	0.02	0.01	-0.45	-0.44	-0.62	-0.75
Non Current Liabilities Total	0.07	-0.16	0.83	-0.25	-0.38	0.89	-0.07	0.83	0.01	0.14	0.79	0.57	-0.5	0.61	-0.77		0.83	0.72	-0.87	0.7	-0.29	-0.53	0.65	0.66	0.79	0.52
Inventory	0.33	0.19	0.58	0.13	-0.12	0.98	0.33	0.96	-0.12	0.3	0.95	0.53	-0.29	0.7	-0.78	0.83		0.85	-0.89	0.9	-0.02	-0.15	0.85	0.84	0.93	0.71
Other Current Assets	0.43	0.12	0.47	-0.04	0.17	0.82	0.25	0.76	0.26	0.29	0.84	0.23	-0.08	0.52	-0.56	0.72	0.85		-0.61	0.75	0.16	-0.28	0.82	0.8	0.76	0.75
Other Stockholder Equity	-0.13	-0.06	-0.64	-0.11	0.46	-0.92	-0.14	-0.95	0.29	-0.22	-0.81	-0.78	0.5	-0.78	0.92	-0.87	-0.89	-0.61		-0.83	0.26	0.16	-0.63	-0.64	-0.8	-0.6
Total Liab	0.55	0.48	0.34	0.45	0.04	0.89	0.59	0.94	-0.18	0.46	0.86	0.61	-0.01	0.76	-0.8	0.7	0.9	0.75	-0.83		0.25	0.18	0.75	0.73	0.74	0.79
Total Current Assets	0.88	0.83	-0.59	0.66	0.91	-0.11	0.74	0.01	0.24	0.7	-0.09	-0.02	0.96	0.23	0.02	-0.29	-0.02	0.16	0.26	0.25		0.64	-0.07	-0.12	-0.22	0.46
Short Term Debt	0.51	0.81	-0.72	0.95	0.43	-0.22	0.75	-0.04	-0.34	0.41	-0.21	0.18	0.66	0.16	0.01	-0.53	-0.15	-0.28	0.16	0.18	0.64		-0.23	-0.27	-0.32	0.18
Intangible Assets	0.22	0.07	0.5	-0.03	-0.01	0.85	0.3	0.74	-0.05	0.09	0.96	0.09	-0.28	0.34	-0.45	0.65	0.85	0.82	-0.63	0.75	-0.07	-0.23		0.99	0.83	0.52
Good Will	0.17	0.05	0.57	-0.06	-0.05	0.86	0.29	0.73	-0.11	0.02	0.96	0.1	-0.33	0.31	-0.44	0.66	0.84	0.8	-0.64	0.73	-0.12	-0.27	0.99		0.86	0.46
Property Plant And Equipment Gross	0.11	0.01	0.7	-0.07	-0.24	0.91	0.2	0.83	-0.17	0.03	0.91	0.4	-0.45	0.51	-0.62	0.79	0.93	0.76	-0.8	0.74	-0.22	-0.32	0.83	0.86		0.45
Common Stock Total Equity	0.74	0.49	0.11	0.41	0.3	0.66	0.44	0.75	0.15	0.69	0.61	0.5	0.23	0.83	-0.75	0.52	0.71	0.75	-0.6	0.79	0.46	0.18	0.52	0.46	0.45

Click cells to compare fundamentals

Waters Account Relationship Matchups

Waters fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.6B	2.8B	3.1B	3.3B	4.6B	2.5B
Short Long Term Debt Total	1.7B	1.4B	1.5B	1.7B	2.4B	1.2B
Other Current Liab	(225.4M)	356.8M	328.2M	388.1M	370.4M	388.9M
Total Current Liabilities	1.7B	805.0M	680.5M	785.7M	789.6M	719.7M
Total Stockholder Equity	(216.3M)	232.1M	367.6M	504.5M	1.2B	909.6M
Property Plant And Equipment Net	417.3M	494.0M	547.9M	582.2M	723.7M	759.8M
Net Debt	1.3B	919.8M	1.0B	1.2B	2.0B	2.1B
Retained Earnings	6.6B	7.1B	7.8B	8.5B	9.2B	9.6B
Accounts Payable	49.0M	72.2M	96.8M	93.3M	84.7M	92.7M
Cash	335.7M	436.7M	501.2M	480.5M	395.1M	397.1M
Non Current Assets Total	1.3B	1.5B	1.6B	1.6B	2.9B	3.0B
Non Currrent Assets Other	298.0M	322.2M	328.7M	381.5M	210.9M	140.0M
Cash And Short Term Investments	337.1M	443.1M	569.3M	481.4M	396.0M	376.2M
Net Receivables	587.7M	573.3M	612.6M	722.9M	702.2M	390.7M
Common Stock Shares Outstanding	68.2M	62.4M	62.0M	60.3M	59.3M	78.9M
Liabilities And Stockholders Equity	2.6B	2.8B	3.1B	3.3B	4.6B	2.5B
Non Current Liabilities Total	1.1B	2.6B	2.7B	2.8B	2.7B	2.8B
Inventory	320.6M	304.3M	356.1M	455.7M	516.2M	542.0M
Other Current Assets	67.1M	80.3M	90.9M	103.9M	138.5M	145.4M
Other Stockholder Equity	(6.7B)	(6.8B)	(7.3B)	(7.9B)	(7.9B)	(7.5B)
Total Liab	2.8B	2.6B	2.7B	2.8B	3.5B	3.7B
Total Current Assets	1.2B	1.3B	1.5B	1.7B	1.8B	1.6B
Short Term Debt	1.7B	177.8M	27.9M	76.4M	77.8M	73.9M
Intangible Assets	240.2M	258.6M	242.4M	227.4M	629.2M	660.6M
Good Will	356.1M	444.4M	437.9M	430.3M	1.3B	1.4B
Property Plant And Equipment Gross	510.7M	494.0M	547.9M	1.4B	1.5B	1.5B
Accumulated Other Comprehensive Income	(119.5M)	(117.9M)	(111.9M)	(141.6M)	(134.1M)	(127.4M)
Common Stock Total Equity	1.6M	1.6M	1.6M	1.6M	1.9M	1.6M
Common Stock	1.6M	1.6M	1.6M	1.6M	1.6M	1.6M
Other Liab	534.3M	1.3B	1.2B	399.5M	459.4M	303.9M
Other Assets	133.0M	241.9M	328.7M	381.5M	438.7M	460.7M
Property Plant Equipment	417.3M	494.0M	547.9M	582.2M	669.5M	703.0M
Current Deferred Revenue	176.4M	198.2M	227.6M	227.9M	256.7M	140.6M
Short Term Investments	1.4M	6.5M	68.1M	862K	898K	853.1K
Treasury Stock	(6.1B)	(8.6B)	(8.8B)	(9.4B)	(8.5B)	(8.1B)
Long Term Debt	1.6B	1.4B	1.5B	1.6B	2.3B	1.2B
Net Tangible Assets	(216.3M)	232.1M	(312.7M)	(153.2M)	(137.9M)	(131.0M)
Retained Earnings Total Equity	6.0B	6.6B	7.1B	7.8B	9.0B	9.4B
Long Term Debt Total	1.6B	1.2B	1.5B	1.6B	1.8B	1.5B
Capital Surpluse	1.9B	2.0B	2.1B	2.2B	2.5B	1.7B

Pair Trading with Waters

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Waters position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Waters will appreciate offsetting losses from the drop in the long position's value.

Moving together with Waters Stock

0.92

Agilent Technologies Earnings Call This Week

Pair Corr

Moving against Waters Stock

0.47

DOMH

Dominari Holdings

Pair Corr

The ability to find closely correlated positions to Waters could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Waters when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Waters - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Waters to buy it.

The correlation of Waters is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Waters moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Waters moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Waters can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Waters Stock Analysis

When running Waters' price analysis, check to measure Waters' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Waters is operating at the current time. Most of Waters' value examination focuses on studying past and present price action to predict the probability of Waters' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Waters' price. Additionally, you may evaluate how the addition of Waters to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC