Otis Worldwide Corp (OTIS)
Debt-to-assets 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 | 6,973,000 | 5,596,000 | 5,526,000 | 6,846,000 | 6,866,000 | 6,822,000 | 6,117,000 | 6,116,000 | 6,098,000 | 6,459,000 | 6,602,000 | 6,694,000 | 7,249,000 | 5,458,000 | 5,457,000 | 5,457,000 | 5,262,000 |
| Total assets | US$ in thousands | 11,316,000 | 10,261,000 | 9,858,000 | 9,791,000 | 10,117,000 | 10,390,000 | 10,135,000 | 9,845,000 | 9,819,000 | 9,342,000 | 9,913,000 | 11,795,000 | 12,279,000 | 10,472,000 | 10,857,000 | 10,505,000 | 10,710,000 |
| Debt-to-assets ratio | 0.62 | 0.55 | 0.56 | 0.70 | 0.68 | 0.66 | 0.60 | 0.62 | 0.62 | 0.69 | 0.67 | 0.57 | 0.59 | 0.52 | 0.50 | 0.52 | 0.49 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $6,973,000K ÷ $11,316,000K
= 0.62
The debt-to-assets ratio for Otis Worldwide Corp has exhibited some fluctuations over the reviewed periods, ranging from 0.49 to 0.70. Initially, the ratio increased from 0.49 as of December 31, 2020, to 0.52 as of March 31, 2021, and subsequently to 0.52 as of September 30, 2021. Notably, it experienced a significant rise to 0.67 by June 30, 2022, indicating a higher proportion of debt relative to assets. The ratio then decreased to 0.55 by September 30, 2024, showcasing a slight improvement in the company's debt management. Overall, the observed fluctuations in the debt-to-assets ratio suggest variations in the company's leverage levels and its ability to efficiently manage debt in relation to its asset base throughout the analyzed periods.
Peer comparison
Dec 31, 2024