Carrier Global Corp (CARR)
Debt-to-capital ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | 10,337,000 | 11,270,000 | 15,647,000 | 14,242,000 | 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 |
| Total stockholders’ equity | US$ in thousands | 14,395,000 | 15,042,000 | 14,079,000 | 11,906,000 | 9,005,000 | 8,502,000 | 8,288,000 | 8,468,000 | 8,076,000 | 7,463,000 | 6,992,000 | 7,430,000 | 7,094,000 | 7,222,000 | 7,120,000 | 6,818,000 | 6,578,000 |
| Debt-to-capital ratio | 0.00 | 0.41 | 0.44 | 0.57 | 0.61 | 0.50 | 0.51 | 0.51 | 0.52 | 0.54 | 0.54 | 0.53 | 0.57 | 0.57 | 0.57 | 0.58 | 0.60 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $14,395,000K)
= 0.00
The debt-to-capital ratio of Carrier Global Corp has shown a declining trend from 0.60 as of December 31, 2020, to 0.00 as of December 31, 2024. This ratio indicates the proportion of the company's capital structure that is financed by debt. A decreasing trend in the debt-to-capital ratio generally suggests that the company has been reducing its reliance on debt to finance its operations and investments relative to its total capital.
However, the abrupt decrease to 0.00 as of December 31, 2024, may indicate a significant shift in the capital structure, possibly due to the company paying off its debt entirely or undergoing a restructuring impacting its debt obligations. It would be essential to further investigate the reasons behind this drastic change to understand the financial health and strategy of Carrier Global Corp.
Peer comparison
Dec 31, 2024