Otis Worldwide Corp (OTIS)
Debt-to-equity 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 | 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 | 5,512,000 | 6,260,000 | — |
| Total stockholders’ equity | US$ in thousands | -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 | -4,024,000 | -4,242,000 | -4,189,000 |
| Debt-to-equity ratio | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $6,866,000K ÷ $-4,924,000K
= —
As the debt-to-equity ratio data for Otis Worldwide Corp is not available for any of the quarters mentioned, a detailed analysis cannot be performed at this time. The debt-to-equity ratio is a key financial metric that provides insight into a company's capital structure and financial leverage. It compares a company's total debt to its total equity, indicating the proportion of financing that comes from creditors versus shareholders.
To assess Otis Worldwide Corp's financial health and risk level effectively, it is important to monitor and analyze the debt-to-equity ratio over time. A high ratio may suggest that the company relies heavily on debt to finance its operations, potentially increasing financial risk. Conversely, a low ratio may indicate a conservative capital structure but could also signify limited growth opportunities.
In the absence of specific data, it is recommended to regularly review Otis Worldwide Corp's financial statements to track changes in the debt-to-equity ratio and evaluate its implications on the company's financial strategy and performance.
Peer comparison
Dec 31, 2023