Otis Worldwide (Otis Worldwide) Short-Term Debt & Capital Lease Obligation

: $149 Mil (As of Dec. 2023)

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Short-Term Debt & Capital Lease Obligation is the portion of a company's debt and capital lease obligation that need to be paid within the next 12 months. It equals Short-Term Debt plus Short-Term Capital Lease Obligation. This gives investors an idea of how much money the company needs to pay down for the principle of its debt. Otis Worldwide's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $149 Mil.

Long-Term Debt & Capital Lease Obligation is the debt and capital lease obligation due more than 12 months in the future. Otis Worldwide's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $7,158 Mil.

Otis Worldwide Short-Term Debt & Capital Lease Obligation Historical Data

The historical data trend for Otis Worldwide's Short-Term Debt & Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Otis Worldwide Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Short-Term Debt & Capital Lease Obligation

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174.00

868.00

205.00

797.00

149.00

Otis Worldwide Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Short-Term Debt & Capital Lease Obligation	Get a 7-Day Free Trial															797.00	646.00	746.00	585.00	149.00

Otis Worldwide Short-Term Debt & Capital Lease Obligation Calculation

This is the portion of a company's debt and capital lease obligation that need to be paid within the next 12 months. It equals Short-Term Debt plus Short-Term Capital Lease Obligation. This gives investors an idea of how much money the company needs to pay down for the principle of its debt.

In the notes to balance sheet in annual (10-K) or quarterly (10-Q) reports, companies usually break down the details of the debt, their due dates, the interest rates etc.

Be Aware

Stay away from companies that roll over the debt e.g. Bear Stearns

When investing in financial institutions, Buffett shies from those who are bigger borrowers of short term than long term debt.

His favorite Wells Fargo has 57 cents short term debt for every dollar of long term

Aggressive banks (like Bank of America) has $2.09 short term for every dollar long term

Otis Worldwide Short-Term Debt & Capital Lease Obligation Related Terms

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Otis Worldwide (Otis Worldwide) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Otis Worldwide Corp (NYSE:OTIS) » Definitions » Short-Term Debt & Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

OTIS:Mexico 4PG:Germany 4PG:Germany O1TI34:Brazil

Address

One Carrier Place, Farmington, CT, USA, 06032

Website

https://www.otis.com

Otis is the largest global elevator and escalator supplier by revenue with around 18% global market share. In 1854 Otis' founder and namesake Elisha Graves Otis, invented a safety mechanism that prevented elevators from falling if the hoisting cable failed. The company's product and service lifecycle begins with installations of elevator units in new buildings, later selling maintenance services on the units, and eventually replacement of the units after the average 15- to 20-year useful life of an elevator. As the largest global OEM, Otis has amassed an installed base under service that exceeds 2 million elevators. Its business model is similar to that of its closest competitors Kone, Schindler, and TK Elevator.

Executives

Thomas A Bartlett	director	116 HUNTINGTON AVENUE, BOSTON MA 02116
Jill Brannon	director	942 S. SHADY GROVE ROAD, MEMPHIS TN 38120
Tracy A Embree	officer: President, Otis Americas	500 JACKSON STREET, COLUMBUS IN 47201
Viseras Enrique Minarro	officer: President, Otis EMEA	C/O INGERSOLL RAND INC., 525 HARBOUR PLACE DRIVE, SUITE 600, DAVIDSON NC 28036
Fernandez Bernardo Calleja	officer: President, Otis EMEA	1 CARRIER PLACE, FARMINGTON CT 06032
Michael Patrick Ryan	officer: VP, CAO and Controller	10 FARM SPRINGS ROAD, FARMINGTON CT 06032
Sally Loh	officer: President, Otis China	1 CARRIER PLACE, FARMINGTON CT 06032
James F. Cramer	officer: President, Otis Americas	1 CARRIER PLACE, FARMINGTON CT 06032
Nora E. Lafreniere	officer: EVP, Chief GC & Corp. Sec.	ONE CARRIER PLACE, FARMINGTON CT 06032
Montlivault Stephane De	officer: President, Otis Asia Pacific	ONE CARRIER PLACE, FARMINGTON CT 06032
Peiming Zheng	officer: President, Otis China	ONE CARRIER PLACE, FARMINGTON CT 06032
Nelda J Connors	director	BOSTON SCIENTIFIC CORPORATION, 300 BOSTON SCIENTIFIC WAY, MARLBOROUGH MA 01752-1234
Anurag Maheshwari	officer: EVP and CFO	1 CARRIER PLACE, FARMINGTON CT 06032
Rahul Ghai	officer: EVP & Chief Financial Officer	GENERAL ELECTRIC COMPANY, 5 NECCO STREET, BOSTON MA 02210
Abbe Luersman	officer: EVP & CPO	1 CARRIER PLACE, FARMINGTON CT 06032