Otis Worldwide (BSP:O1TI34) Debt-to-Equity

: -1.48 (As of Dec. 2023)

View and export this data going back to 2020. Start your Free Trial

Otis Worldwide's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$730 Mil. Otis Worldwide's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$35,073 Mil. Otis Worldwide's Total Stockholders Equity for the quarter that ended in Dec. 2023 was R$-24,127 Mil. Otis Worldwide's debt to equity for the quarter that ended in Dec. 2023 was -1.48.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Otis Worldwide's Debt-to-Equity or its related term are showing as below:

BSP:O1TI34' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.15 Med: -1.48 Max: 0.33
Current: -1.48

During the past 7 years, the highest Debt-to-Equity Ratio of Otis Worldwide was 0.33. The lowest was -2.15. And the median was -1.48.

BSP:O1TI34's Debt-to-Equity is not ranked
in the Industrial Products industry.
Industry Median: 0.29 vs BSP:O1TI34: -1.48

Otis Worldwide Debt-to-Equity Historical Data

The historical data trend for Otis Worldwide's Debt-to-Equity 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

Debt-to-Equity

0.33

-1.68

-2.15

-1.48

Otis Worldwide Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																-1.48	-1.46	-1.48	-1.61	-1.48

Competitive Comparison

For the Specialty Industrial Machinery subindustry, Otis Worldwide's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.

Otis Worldwide Debt-to-Equity Distribution

For the Industrial Products industry and Industrials sector, Otis Worldwide's Debt-to-Equity distribution charts can be found below:

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

Otis Worldwide Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Otis Worldwide's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(730.07	+	35072.768)	/	-24126.615
	=	-1.48

Otis Worldwide's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(730.07	+	35072.768)	/	-24126.615
	=	-1.48

Otis Worldwide (BSP:O1TI34) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Otis Worldwide Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Otis Worldwide's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Otis Worldwide (BSP:O1TI34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Otis Worldwide Corp (BSP:O1TI34) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

OTIS:USA OTIS:Mexico 4PG:Germany 4PG:Germany

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.

Otis Worldwide (BSP:O1TI34) Headlines

No Headlines