Otis Worldwide Corp (OTIS)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 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 | 10,473,000 | 10,441,000 | 9,524,000 |
| 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 |
| Financial leverage ratio | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $10,117,000K ÷ $-4,924,000K
= —
I'm sorry, but without the specific data points for the financial leverage ratio of Otis Worldwide Corp for the given quarters, I am unable to provide a detailed analysis. The financial leverage ratio is typically calculated as total debt divided by total equity, and it provides insight into the company's level of debt relative to its equity. It helps assess the extent to which the company is using debt to finance its operations and the associated risk level. If you can provide the actual values for the financial leverage ratio for the specified quarters, I would be happy to help analyze and interpret the trend over time for Otis Worldwide Corp.
Peer comparison
Dec 31, 2023