Otis Worldwide Corp (OTIS)
Debt-to-equity ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 6,866,000 | 6,098,000 | 7,249,000 | 5,262,000 |
| Total stockholders’ equity | US$ in thousands | -4,924,000 | -4,870,000 | -3,625,000 | -3,862,000 |
| Debt-to-equity ratio | — | — | — | — |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $6,866,000K ÷ $-4,924,000K
= —
The debt-to-equity ratio for Otis Worldwide Corp was not provided for the years 2020, 2021, 2022, or 2023 in the table. However, based on the available data, it can be observed that as of December 31, 2019, the company had a debt-to-equity ratio of 0.02. This indicates that for every dollar of equity, Otis Worldwide Corp had $0.02 of debt in 2019. The absence of data for the subsequent years limits a comparative analysis of the trend in the company's capital structure and its reliance on debt financing. Additional information would be required to assess the company's current leverage position and evaluate potential changes in its financial risk profile over recent years.
Peer comparison
Dec 31, 2023