Carrier Global Corp (CARR)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 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 | 5,437,000 | 4,366,000 | 2,697,000 |
| Debt-to-capital ratio | 0.00 | 0.50 | 0.51 | 0.51 | 0.52 | 0.54 | 0.54 | 0.53 | 0.57 | 0.57 | 0.57 | 0.58 | 0.60 | 0.68 | 0.73 | 0.80 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $9,005,000K)
= 0.00
Based on the data provided, Carrier Global Corp's debt-to-capital ratio has shown some fluctuations over the past eight quarters. The trend indicates that the company has maintained a relatively stable level of debt relative to its capital structure, with ratios ranging from 0.52 to 0.62.
In the most recent quarter Q4 2023, the debt-to-capital ratio increased to 0.62, which may indicate a higher level of debt compared to the previous quarters. However, it is important to note that a single quarter's data may not provide a complete picture of the company's overall financial health.
Overall, the debt-to-capital ratio for Carrier Global Corp has generally remained within a moderate range, indicating that the company has a mix of debt and equity in its capital structure. It is essential to monitor this ratio over time to assess the company's leverage and financial risk.
Peer comparison
Dec 31, 2023