Waters Ebitda vs Operating Income Analysis

WAT Stock

USD 373.47 4.97 1.35%

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 Ebitda and its Operating Income 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.

Ebitda vs Operating Income

Ebitda vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Waters Ebitda account and Operating Income. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Waters' Ebitda and Operating Income is 0.98. Overlapping area represents the amount of variation of Ebitda that can explain the historical movement of Operating Income in the same time period over historical financial statements of Waters, assuming nothing else is changed. The correlation between historical values of Waters' Ebitda and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ebitda of Waters are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Ebitda i.e., Waters' Ebitda and Operating Income go up and down completely randomly.

Correlation Coefficient

0.98

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Ebitda

Operating Income

Operating Income is the amount of profit realized from Waters operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Waters is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

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.At this time, Waters' Tax Provision is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.25 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	131.7M	130.4M	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		0.75	-0.36	0.65	0.75	0.26	0.75	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	0.52	0.22	0.17	0.11	0.74
Short Long Term Debt Total	0.75		-0.55	0.97	0.44	0.15	0.86	0.31	-0.29	0.53	0.14	0.41	0.6	0.51	-0.35	-0.19	0.21	0.07	-0.17	0.52	0.68	0.9	0.07	0.04	0.01	0.5
Other Current Liab	-0.36	-0.55		-0.55	-0.59	0.55	-0.37	0.43	-0.23	-0.3	0.48	0.29	-0.71	0.17	-0.42	0.77	0.44	0.35	-0.56	0.23	-0.62	-0.73	0.38	0.44	0.54	0.05
Total Current Liabilities	0.65	0.97	-0.55		0.39	0.06	0.84	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	0.44	-0.59	0.39		-0.21	0.59	-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	0.15	0.55	0.06	-0.21		0.31	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	-0.21	0.85	0.86	0.91	0.66
Net Debt	0.75	0.86	-0.37	0.84	0.59	0.31		0.39	-0.29	0.48	0.36	0.24	0.62	0.34	-0.23	-0.05	0.36	0.27	-0.16	0.61	0.72	0.74	0.33	0.32	0.22	0.45
Retained Earnings	0.37	0.31	0.43	0.25	-0.16	0.96	0.39		-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	-0.03	0.74	0.73	0.83	0.75
Accounts Payable	0.15	-0.29	-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	-0.35	-0.05	-0.11	-0.17	0.15
Cash	0.74	0.53	-0.3	0.51	0.54	0.22	0.48	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	0.42	0.09	0.02	0.03	0.69
Non Current Assets Total	0.26	0.14	0.48	0.05	-0.12	0.96	0.36	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	-0.2	0.96	0.96	0.91	0.61
Non Currrent Assets Other	0.27	0.41	0.29	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	0.19	0.09	0.1	0.4	0.5
Cash And Short Term Investments	0.74	0.6	-0.71	0.6	0.91	-0.36	0.62	-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	0.51	0.17	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	0.17	0.34	0.31	0.51	0.83
Common Stock Shares Outstanding	-0.39	-0.35	-0.42	-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	0.0	-0.45	-0.44	-0.62	-0.75
Non Current Liabilities Total	0.07	-0.19	0.77	-0.25	-0.38	0.89	-0.05	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	0.21	0.44	0.13	-0.12	0.98	0.36	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	-0.14	0.85	0.84	0.93	0.71
Other Current Assets	0.43	0.07	0.35	-0.04	0.17	0.82	0.27	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	-0.27	0.82	0.8	0.76	0.75
Other Stockholder Equity	-0.13	-0.17	-0.56	-0.11	0.46	-0.92	-0.16	-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	0.15	-0.63	-0.64	-0.8	-0.6
Total Liab	0.55	0.52	0.23	0.45	0.04	0.89	0.61	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	0.19	0.75	0.73	0.74	0.79
Total Current Assets	0.88	0.68	-0.62	0.66	0.91	-0.11	0.72	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	0.52	0.9	-0.73	0.95	0.43	-0.21	0.74	-0.03	-0.35	0.42	-0.2	0.19	0.66	0.17	0.0	-0.53	-0.14	-0.27	0.15	0.19	0.64		-0.22	-0.26	-0.31	0.18
Intangible Assets	0.22	0.07	0.38	-0.03	-0.01	0.85	0.33	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	-0.22		0.99	0.83	0.52
Good Will	0.17	0.04	0.44	-0.06	-0.05	0.86	0.32	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	-0.26	0.99		0.86	0.46
Property Plant And Equipment Gross	0.11	0.01	0.54	-0.07	-0.24	0.91	0.22	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	-0.31	0.83	0.86		0.45
Common Stock Total Equity	0.74	0.5	0.05	0.41	0.3	0.66	0.45	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

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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	3.3B	1.4B	1.5B	1.7B	2.4B	1.3B
Other Current Liab	(225.4M)	356.8M	328.2M	229.1M	222.3M	233.4M
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	102.9M	105.7M	100.4M
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

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