Watsco (Watsco) Debt-to-Asset

: 0.11 (As of Dec. 2023)

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Watsco's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $100 Mil. Watsco's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $305 Mil. Watsco's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was $3,729 Mil. Watsco's debt to asset for the quarter that ended in Dec. 2023 was 0.11.

Watsco Debt-to-Asset Historical Data

The historical data trend for Watsco's Debt-to-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Watsco Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.15

0.09

0.12

0.11

Watsco Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															0.11	0.14	0.17	0.12	0.11

Competitive Comparison

For the Industrial Distribution subindustry, Watsco's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Watsco Debt-to-Asset Distribution

For the Industrial Distribution industry and Industrials sector, Watsco's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Watsco's Debt-to-Asset falls into.

Watsco Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Watsco's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(100.265	+	304.527)	/	3729.182
	=	0.11

Watsco's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(100.265	+	304.527)	/	3729.182
	=	0.11

Watsco (NYSE:WSO.B) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Watsco Debt-to-Asset Related Terms

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Watsco (Watsco) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Watsco Inc (NYSE:WSO.B) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

WSO:USA WC30:Germany WC3:Germany WC3:Germany

Address

2665 South Bayshore Drive, Suite 901, Miami, FL, USA, 33133

Website

https://www.watsco.com

Watsco is the largest heating, ventilation, air-conditioning, and refrigeration products distributor in North America. The company primarily operates in the United States (91% of 2022 revenue) with significant exposure in the Sunbelt states. Watsco also has operations in Canada (5% of sales) and Latin America and the Caribbean (4% of sales). The company's customer base consists of more than 120,000 dealers and contractors that serve the replacement and new construction HVACR markets for residential and light commercial applications.