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Otis Worldwide Cash-to-Debt

: 0.27 (As of Sep. 2020)
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Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Otis Worldwide's cash to debt ratio for the quarter that ended in Sep. 2020 was 0.27.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Otis Worldwide couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2020.

NYSE:OTIS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.18   Med: 0.29   Max: 49.22
Current: 0.27

0.18
49.22

During the past 3 years, Otis Worldwide's highest Cash to Debt Ratio was 49.22. The lowest was 0.18. And the median was 0.29.

NYSE:OTIS's Cash-to-Debt is ranked lower than
78% of the 2464 Companies
in the Industrial Products industry.

( Industry Median: 1.02 vs. NYSE:OTIS: 0.27 )

Otis Worldwide Cash-to-Debt Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Otis Worldwide Annual Data
Dec17 Dec18 Dec19
Cash-to-Debt N/A 49.22 2.58

Otis Worldwide Quarterly Data
Dec17 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20
Cash-to-Debt Premium Member Only Premium Member Only Premium Member Only Premium Member Only N/A 2.58 0.18 0.29 0.27

Competitive Comparison
* 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.


Otis Worldwide Cash-to-Debt Distribution

* The bar in red indicates where Otis Worldwide's Cash-to-Debt falls into.



Otis Worldwide Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Otis Worldwide's Cash to Debt Ratio for the fiscal year that ended in Dec. 2019 is calculated as:

Otis Worldwide's Cash to Debt Ratio for the quarter that ended in Sep. 2020 is calculated as:

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Otis Worldwide  (NYSE:OTIS) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.


Otis Worldwide Cash-to-Debt Related Terms


Otis Worldwide Cash-to-Debt Headlines

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