Carrier Global Corp (CARR)
Debt-to-equity ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | 14,242,000 | 8,702,000 | 9,513,000 | 10,036,000 |
| Total stockholders’ equity | US$ in thousands | 14,395,000 | 9,005,000 | 8,076,000 | 7,094,000 | 6,578,000 |
| Debt-to-equity ratio | 0.00 | 1.58 | 1.08 | 1.34 | 1.53 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $14,395,000K
= 0.00
The debt-to-equity ratio for Carrier Global Corp has shown fluctuations over the years. As of December 31, 2020, the ratio stood at 1.53, indicating that the company had $1.53 in debt for every $1 of equity. By December 31, 2021, the ratio decreased to 1.34, suggesting a slight improvement in the company's leverage position. Further improvement was seen by December 31, 2022, with the ratio dropping to 1.08, indicating a stronger equity base relative to debt.
However, there was a notable increase in the debt-to-equity ratio by December 31, 2023, rising to 1.58. This uptick may raise concerns about the company's increasing debt levels compared to its equity. Interestingly, by December 31, 2024, the debt-to-equity ratio plummeted to 0.00. This sudden decrease could suggest a significant reduction in debt or a unique event that affected the calculation of the ratio.
Overall, the trend in the debt-to-equity ratio for Carrier Global Corp showcases fluctuations and changes in the company's capital structure and financial leverage over the years. Investors and stakeholders may want to closely monitor these ratios to assess the company's financial health and risk profile.
Peer comparison
Dec 31, 2024