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Carrier Global has a Cash Ratio of 0.15. It indicates that there are more current liabilities than Cash, Cash Equivalents, Marketable Securities, and the company does not have sufficient cash on hand to pay off its short-term debt.
The historical rank and industry rank for Carrier Global's Cash Ratio or its related term are showing as below:
XSWX:CARR'
s Cash Ratio Range Over the Past 10 Years
Min: 0.15 Med: 0.46 Max: 1.41
Current: 0.15
During the past 9 years, Carrier Global's highest Cash Ratio was 1.41. The lowest was 0.15. And the median was 0.46.
XSWX:CARR's Cash Ratio is ranked worse than 73.59% of 1753
companies
in the Construction industry
Industry Median: 0.35
vs XSWX:CARR: 0.15
The cash ratio is more conservative than other liquidity ratios, such as Quick Ratio and Current Ratio, because it only considers a company's most liquid resources. The numerator of cash ratio only considers Cash, Cash Equivalents and marketable securities. Other current assets, such as accounts receivable and inventories, are not included. The rationale is that these assets may require time to be transformed into cash, and the amount of money received is also uncertain.
The cash ratio shows a company’s ability to pay all current liabilities immediately without selling or liquidating other assets. Generally speaking, a higher cash ratio suggests the company has a stronger ability to cover its short-term debt. However, a high cash ratio could also indicate inefficient management: the company is inefficient in making full utilization of cash to invest protential profitable project. It may also suggest that the company is not confident about future profitability.
In general, the higher the cash ratio, the better the company's liquidity position.
Carrier Global Cash Ratio Related Terms
Carrier Global Cash Ratio Historical Data
* Premium members only.
The historical data trend for Carrier Global's Cash Ratio 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.
XSWX:CARR vs JCI, LII, MAIR: Cash Ratio Comparison
For the Building Products & Equipment subindustry, Carrier Global's Cash Ratio, along with its competitors' market caps and Cash Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Carrier Global Cash Ratio vs Construction Industry
For the Construction industry and Industrials sector, Carrier Global's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Carrier Global's Cash Ratio falls into.
* 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.
Carrier Global (XSWX:CARR) has a Cash Ratio of 0.15 as of Jun. 2026. Cashflow ratio is the ratio of Cash, Cash Equivalents, Marketable Securities to current liabilities. View historical data on Carrier Global and its competitors. This is 67% below median its historical median of 0.46. Over the past decade, Carrier Global's Cash Ratio has ranged from 0.15 to 1.41. According to the industry distribution chart, Carrier Global ranks #1290 out of 1753 companies in the Construction industry, placing it in the top 73.6%.
Is Carrier Global's Cash Ratio too high?
Carrier Global's current Cash Ratio of 0.15 is 67% below median its 10-year median of 0.46. Over the past 10 years, this metric has ranged from a low of 0.15 to a high of 1.41. The Construction industry median Cash Ratio is 0.35. Carrier Global's value of 0.15 is 57.1% below this industry median. Based on the distribution chart, Carrier Global ranks #1290 out of 1753 companies in the Construction industry, which is below the industry midpoint. Overall, Carrier Global has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does Carrier Global's Cash Ratio compare to JCI and LII?
According to the Construction industry distribution chart, Carrier Global ranks #1290 out of 1753 companies for Cash Ratio. This places Carrier Global in the lower half of its industry. The industry median Cash Ratio is 0.35. Carrier Global's value of 0.15 is 57.1% below this benchmark. Historically, Carrier Global's own Cash Ratio has ranged from 0.15 to 1.41 over the past decade. While the company's 10-year median is 0.46 vs. the industry median of 0.35, Carrier Global has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash Ratio for a Construction company?
The median Cash Ratio among Construction companies is 0.35, based on 1,753 companies in the industry. Companies in the top quartile (top 25%) have a Cash Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cash Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Carrier Global's current Cash Ratio of 0.15 is 57.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash Ratio mean?
A high Cash Ratio can signal that a stock is expensive relative to its fundamentals. Cashflow ratio is the ratio of Cash, Cash Equivalents, Marketable Securities to current liabilities. View historical data on Carrier Global and its competitors. For the Construction industry, the median Cash Ratio is 0.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Carrier Global's current Cash Ratio is 0.15, which is 67% below median its own 10-year median of 0.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Carrier Global stock overvalued right now?
Carrier Global (XSWX:CARR) has a current Cash Ratio of 0.15. The stock's GF Value™ is CHF56.37, compared to a current price of CHF50.12 — trading 11.1% below its estimated fair value. The current Cash Ratio is 0.15, which is 67% below median its 10-year median of 0.46 and 57.1% below the Construction industry median of 0.35. Carrier Global's overall GF Score™ is 81/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash Ratio calculated?
Cash Ratio is calculated from a company's financial statements. For Carrier Global (XSWX:CARR), the current Cash Ratio is 0.15 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Carrier Global (XSWX:CARR) Overvalued in 2026?
Based on GuruFocus' analysis, Carrier Global stock appears to be undervalued.
The current stock price of CHF50.12 is trading 11.1% below its estimated GF Value™ of CHF56.37.
Key valuation signals for XSWX:CARR:
Cash Ratio: 0.15 (67% below median its 10-year median of 0.46)
GF Value™: CHF56.37 vs. price of CHF50.12 (11.1% below fair value)
Industry Position: 57.1% below the Construction median (#1290 of 1753)
No single metric tells the full story. See the XSWX:CARR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Carrier Global, spun out of United Technologies in 2020, manufactures and services commercial and residential HVAC systems and transportation refrigeration solutions under its flagship Carrier brand, as well as Bryant, Payne, Heil, and others across various price points. In 2024, Carrier acquired Viessmann Climate Solutions to expand its footprint in Europe with heat pumps, boilers, and solar PV equipment. Proceeds from the sale of Carrier's fire and security (Honeywell) and commercial refrigeration (Haier) businesses reduced debt and focused the company on global HVAC and refrigeration solutions. Carrier generates 75% of sales from equipment and 25% from parts and services. The company derives 50% of revenue from the US, 30% from Europe, and 20% from the Asia-Pacific region.
81GF Score
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