Waterco (ASX:WAT) Liabilities-to-Assets : 0.48 (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ASX:WAT Waterco Ltd ASX:WAT
78 GF Score
Price A$5.38
GF Value A$7.79
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is Waterco Liabilities-to-Assets?

Waterco ASX:WAT 78 Liabilities-to-Assets is 0.48 as of Dec. 2025. GuruFocus rates ASX:WAT with a GF Score™ of 78/100 and a GF Value™ of A$7.79 (Significantly Undervalued). The stock has 3 warning signs investors should review.

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities, calculated as total liabilities divided by total asset. Waterco's Total Liabilities for the quarter that ended in Dec. 2025 was A$134.4 Mil. Waterco's Total Assets for the quarter that ended in Dec. 2025 was A$280.2 Mil. Therefore, Waterco's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2025 was 0.48.


Waterco  (ASX:WAT) Liabilities-to-Assets Explanation

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities. It can vary greatly across different industries, as they have different capital structure. A high Liabilities-to-Assets ratio (more leveraged) suggests that the company might have potential solvency problems, or even a signal of financial distress. Conversely, a low Liabilities-to-Assets ratio usually indicates a healthy financial situation. However, it may also suggest that the company is not expanding or not making good use of debt.


Waterco Liabilities-to-Assets Related Terms


Waterco Liabilities-to-Assets Historical Data

* Premium members only.

The historical data trend for Waterco's Liabilities-to-Assets 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.

Waterco Liabilities-to-Assets Chart

Waterco Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Liabilities-to-Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.25 0.27 0.25 0.45 0.46

Waterco Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Liabilities-to-Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.53 0.45 0.49 0.46 0.48

ASX:WAT vs VLTO, ZWS, CECO: Liabilities-to-Assets Comparison

For the Pollution & Treatment Controls subindustry, Waterco's Liabilities-to-Assets, along with its competitors' market caps and Liabilities-to-Assets 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 Liabilities-to-Assets vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Waterco's Liabilities-to-Assets distribution charts can be found below:

* The bar in red indicates where Waterco's Liabilities-to-Assets falls into.


ASX:WAT
78GF Score
Waterco Ltd ASX:WAT
Liabilities-to-Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Waterco Liabilities-to-Assets Calculation

Liabilities-to-Assets ratio measures the portion of the total liabilities to the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Liabilities-to-Assets ratio is calculated by dividing total liabilities by total asset.

Waterco's Liabilities-to-Assets Ratio for the fiscal year that ended in Jun. 2025 is calculated as:

Liabilities-to-Assets (A: Jun. 2025 )=Total Liabilities/Total Assets
=121.6/264.243
=0.46

Waterco's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2025 is calculated as

Liabilities-to-Assets (Q: Dec. 2025 )=Total Liabilities/Total Assets
=134.401/280.164
=0.48

* 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.

Frequently Asked Questions Learn more about Liabilities-to-Assets →
What does a Liabilities-to-Assets of 0.48 mean?
Waterco (ASX:WAT) has a Liabilities-to-Assets of 0.48 as of Dec. 2025. Liabilities-to-Assets equals total liabilities divided by total assets. It measures financial leverage. View historical data on Waterco and its competitors.
Is Waterco's Liabilities-to-Assets too high?
Waterco's current Liabilities-to-Assets is 0.48. Overall, Waterco has a GF Score™ of 78/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Waterco's Liabilities-to-Assets compare to VLTO and ZWS?
Waterco's Liabilities-to-Assets of 0.48 can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Liabilities-to-Assets for an Industrial Products company?
A good Liabilities-to-Assets depends on the Industrial Products industry context. However, Liabilities-to-Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Liabilities-to-Assets mean?
A high Liabilities-to-Assets can signal that a stock is expensive relative to its fundamentals. Liabilities-to-Assets equals total liabilities divided by total assets. It measures financial leverage. View historical data on Waterco and its competitors. Waterco's current Liabilities-to-Assets is 0.48. 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 Significantly Undervalued. The stock's GF Value™ is A$7.79, compared to a current price of A$5.38 — trading 30.9% below its estimated fair value. The current Liabilities-to-Assets is 0.48. Waterco's overall GF Score™ is 78/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Liabilities-to-Assets calculated?
Liabilities-to-Assets is calculated from a company's financial statements. For Waterco (ASX:WAT), the current Liabilities-to-Assets is 0.48 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$5.38 is trading 30.9% below its estimated GF Value™ of A$7.79. GuruFocus considers Waterco to be Significantly Undervalued.

Key valuation signals for ASX:WAT:

  • Liabilities-to-Assets: 0.48
  • GF Value™: A$7.79 vs. price of A$5.38 (30.9% below fair value)
  • GF Score™: 78/100 with 3 warning signs

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 Business Description

Other Exchanges 3W4:Germany
Address 36 South Street, Rydalmere, Sydney, NSW, AUS, 2116
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.
78GF Score

Get the complete analysis for ASX:WAT

Liabilities-to-Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$5.38
Price
A$7.79
GF Value