Otis Worldwide (BSP:O1TI34) Debt-to-Revenue : 0.52 (As of Mar. 2024)

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What is Otis Worldwide Debt-to-Revenue?

Debt-to-Revenue measures a company's ability to pay off its debt.

Otis Worldwide's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was R$174 Mil. Otis Worldwide's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was R$35,506 Mil. Otis Worldwide's annualized Revenue for the quarter that ended in Mar. 2024 was R$68,462 Mil. Otis Worldwide's annualized Debt-to-Revenue for the quarter that ended in Mar. 2024 was 0.52.

Otis Worldwide Debt-to-Revenue Historical Data

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

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Otis Worldwide Debt-to-Revenue Chart

Otis Worldwide Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Revenue

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0.04

0.51

0.55

0.53

0.51

Otis Worldwide Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Revenue	Get a 7-Day Free Trial															0.53	0.48	0.55	0.51	0.52

Competitive Comparison of Otis Worldwide's Debt-to-Revenue

For the Specialty Industrial Machinery subindustry, Otis Worldwide's Debt-to-Revenue, along with its competitors' market caps and Debt-to-Revenue 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-Revenue Distribution in the Industrial Products Industry

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

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

Otis Worldwide Debt-to-Revenue Calculation

Debt-to-Revenue measures a company's ability to pay off its debt.

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

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(730.07	+	35072.768)	/	69621.258
	=	0.51

Otis Worldwide's annualized Debt-to-Revenue for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(174.293	+	35505.974)	/	68462.292
	=	0.52

In the calculation of annual Debt-to-Revenue, the Revenue of the last fiscal year is used. In calculating the annualized quarterly data, the Revenue data used here is four times the quarterly (Mar. 2024) Revenue data.

Otis Worldwide Debt-to-Revenue Related Terms

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Otis Worldwide (BSP:O1TI34) Business Description

Industry

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

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

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