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WatercoASX:WAT -0.18%83 Equity-to-Asset is 0.52 as of Dec. 2025, which is 2% below its 10-year median of 0.53. GuruFocus rates ASX:WAT with a GF Score™ of 83/100 and a GF Value™ of A$7.82 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 3,073 Industrial Products companies, Waterco ranks worse than 57.37% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Waterco's Total Stockholders Equity for the quarter that ended in Dec. 2025 was A$145.4 Mil. Waterco's Total Assets for the quarter that ended in Dec. 2025 was A$280.2 Mil.
Therefore, Waterco's Equity to Asset Ratio for the quarter that ended in Dec. 2025 was 0.52.
The historical rank and industry rank for Waterco's Equity-to-Asset or its related term are showing as below:
ASX:WAT'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.38 Med: 0.53 Max: 0.7
Current: 0.52
During the past 13 years, the highest Equity to Asset Ratio of Waterco was 0.70. The lowest was 0.38. And the median was 0.53.
ASX:WAT's Equity-to-Asset is ranked worse than 57.37% of 3073
companies
in the Industrial Products industry
Industry Median: 0.57
vs ASX:WAT: 0.52
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Waterco Equity-to-Asset Related Terms
Waterco Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Waterco's Equity-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.
ASX:WAT vs VLTO, ZWS, CECO: Equity-to-Asset Comparison
For the Pollution & Treatment Controls subindustry, Waterco's Equity-to-Asset, along with its competitors' market caps and Equity-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.
Waterco Equity-to-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Waterco's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Waterco's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Waterco's Equity to Asset Ratio for the fiscal year that ended in Jun. 2025 is calculated as
* 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.
Waterco (ASX:WAT) has a Equity-to-Asset of 0.52 as of Dec. 2025. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Waterco and its competitors. This is near median its historical median of 0.53. Over the past decade, Waterco's Equity-to-Asset has ranged from 0.38 to 0.70. According to the industry distribution chart, Waterco ranks #1763 out of 3073 companies in the Industrial Products industry, placing it in the top 57.4%.
Is Waterco's Equity-to-Asset too high?
Waterco's current Equity-to-Asset of 0.52 is near median its 10-year median of 0.53. Over the past 10 years, this metric has ranged from a low of 0.38 to a high of 0.70. The Industrial Products industry median Equity-to-Asset is 0.57. Waterco's value of 0.52 is 8.8% below this industry median. Based on the distribution chart, Waterco ranks #1763 out of 3073 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Waterco has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Waterco's Equity-to-Asset compare to VLTO and ZWS?
According to the Industrial Products industry distribution chart, Waterco ranks #1763 out of 3073 companies for Equity-to-Asset. This places Waterco in the lower half of its industry. The industry median Equity-to-Asset is 0.57. Waterco's value of 0.52 is 8.8% below this benchmark. Historically, Waterco's own Equity-to-Asset has ranged from 0.38 to 0.70 over the past decade. While the company's 10-year median is 0.53 vs. the industry median of 0.57, Waterco has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Equity-to-Asset for an Industrial Products company?
The median Equity-to-Asset among Industrial Products companies is 0.57, based on 3,073 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Waterco's current Equity-to-Asset of 0.52 is 8.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Waterco and its competitors. For the Industrial Products industry, the median Equity-to-Asset is 0.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Waterco's current Equity-to-Asset is 0.52, which is near median its own 10-year median of 0.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Waterco stock overvalued right now?
Based on GuruFocus' analysis, Waterco (ASX:WAT) is currently considered Modestly Undervalued. The stock's GF Value™ is A$7.82, compared to a current price of A$5.70 — trading 27.1% below its estimated fair value. The current Equity-to-Asset is 0.52, which is near median its 10-year median of 0.53 and 8.8% below the Industrial Products industry median of 0.57. Waterco's overall GF Score™ is 83/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Waterco (ASX:WAT), the current Equity-to-Asset is 0.52 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Waterco (ASX:WAT) Overvalued in 2026?
Based on GuruFocus' analysis, Waterco stock appears to be undervalued.
The current stock price of A$5.70 is trading 27.1% below its estimated GF Value™ of A$7.82.
GuruFocus considers Waterco to be Modestly Undervalued.
Key valuation signals for ASX:WAT:
Equity-to-Asset: 0.52 (near median its 10-year median of 0.53)
GF Value™: A$7.82 vs. price of A$5.70 (27.1% below fair value)
Industry Position: 8.8% below the Industrial Products median (#1763 of 3073)
No single metric tells the full story. See the ASX:WAT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Waterco Ltd designs, manufactures, and distributes filtration and sanitisation products for swimming pools, spas, aquaculture, and water purification sectors. The company serves residential, commercial, and industrial markets in various countries. Waterco operates manufacturing and R&D facilities in Australia, New Zealand, Malaysia, China, and other countries. It also franchises Swimart, a pool and spa retail network in Australia and New Zealand, and is the exclusive distributor of Zane Solar Pool Heating systems. Waterco's product range includes pool equipment, water treatment systems, chemicals, and solar heating solutions. The company generates revenue predominantly through the sales of pool and spa equipment, water treatment systems, and franchising operations.
83GF Score
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