Carrier Global Corp (CARR)
Debt-to-assets ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | 8,651,000 | 8,655,000 | 8,708,000 | 8,702,000 | 8,670,000 | 8,298,000 | 8,305,000 | 9,513,000 | 9,558,000 | 9,600,000 | 9,577,000 | 10,036,000 | 11,751,000 | 11,728,000 | 11,029,000 |
| Total assets | US$ in thousands | 32,822,000 | 26,544,000 | 26,284,000 | 26,411,000 | 26,086,000 | 25,350,000 | 23,662,000 | 24,193,000 | 26,172,000 | 25,788,000 | 25,738,000 | 24,868,000 | 25,093,000 | 25,728,000 | 24,176,000 | 22,001,000 |
| Debt-to-assets ratio | 0.00 | 0.33 | 0.33 | 0.33 | 0.33 | 0.34 | 0.35 | 0.34 | 0.36 | 0.37 | 0.37 | 0.39 | 0.40 | 0.46 | 0.49 | 0.50 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $32,822,000K
= 0.00
Carrier Global Corp's debt-to-assets ratio has fluctuated over the past several quarters, ranging from 0.33 to 0.44. The debt-to-assets ratio measures the proportion of the company's assets that are financed by debt, with a higher ratio indicating greater financial leverage.
In Q4 2023, the debt-to-assets ratio increased to 0.44 from 0.33 in the previous quarter. This suggests that the company may have taken on more debt relative to its assets during the quarter. Despite this increase, the ratio is still within a reasonable range, indicating that Carrier Global Corp's debt levels are manageable.
Comparing the current ratio to historical data, it is evident that Carrier Global Corp has maintained a relatively stable debt-to-assets ratio over the past eight quarters, with fluctuations within a narrow range of 0.33 to 0.36. This stability suggests that the company has been able to effectively manage its debt levels and maintain a healthy balance between debt and assets.
Overall, the trend in Carrier Global Corp's debt-to-assets ratio indicates a moderate level of leverage, with the company maintaining a balanced approach to financing its operations. It will be important for investors and stakeholders to continue monitoring this ratio to ensure that the company's debt levels remain sustainable and in line with its overall financial health.
Peer comparison
Dec 31, 2023