Otis Worldwide Corp (OTIS)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | -4,848,000 | -4,901,000 | -5,046,000 | -5,024,000 | -4,924,000 | -4,788,000 | -4,852,000 | -4,857,000 | -4,870,000 | -4,913,000 | -4,997,000 | -5,029,000 | -3,625,000 | -3,854,000 | -3,856,000 | -3,910,000 | -3,862,000 |
| Debt-to-equity ratio | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $6,973,000K ÷ $-4,848,000K
= —
The debt-to-equity ratio for Otis Worldwide Corp is not available for any of the reporting periods provided from December 31, 2020, to December 31, 2024. This means that the specific data necessary to calculate this ratio is not disclosed in the financial statements for these periods.
As the debt-to-equity ratio is a key financial metric used to assess a company's leverage and financial health, the absence of this information makes it challenging to evaluate Otis Worldwide Corp's capital structure and its reliance on debt financing. Without the debt-to-equity ratio figures, it is difficult to determine the extent to which the company is using debt to finance its operations compared to equity.
Investors and analysts typically use the debt-to-equity ratio to understand the level of financial risk a company carries and its ability to meet its debt obligations. The absence of this ratio could reflect a lack of transparency or may indicate that Otis Worldwide Corp prefers not to disclose specific details regarding its debt levels and equity structure.
In the absence of the debt-to-equity ratio data, it is recommended to seek further information or additional financial metrics to gain a comprehensive understanding of Otis Worldwide Corp's financial position and performance.
Peer comparison
Dec 31, 2024