What is Otis Worldwide Debt-to-Equity?
Otis Worldwide's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $149 Mil. Otis Worldwide's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $7,158 Mil. Otis Worldwide's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-4,924 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:
OTIS'
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.
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.
Otis Worldwide Debt-to-Equity Chart
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Otis Worldwide Annual Data
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Trend |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Debt-to-Equity |
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0.33 |
-1.68 |
-2.15 |
-1.48 |
-1.48 |
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Otis Worldwide Quarterly Data
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Mar19 |
Jun19 |
Sep19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
| Debt-to-Equity |
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-1.48 |
-1.46 |
-1.48 |
-1.61 |
-1.48 |
Competitive Comparison of Otis Worldwide's Debt-to-Equity
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's Debt-to-Equity Distribution in the Industrial Products Industry
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
Otis Worldwide's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as
* 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.
Otis Worldwide (Otis Worldwide) Business Description
Traded in Other Exchanges
Address
One Carrier Place, Farmington, CT, USA, 06032
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 |
Otis Worldwide (Otis Worldwide) Headlines
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