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Otis Worldwide Equity-to-Asset

: -0.38 (As of Sep. 2020)
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Equity to Asset ratio is calculated as shareholder's tangible equity divided by its total asset. Otis Worldwide's Total Stockholders Equity for the quarter that ended in Sep. 2020 was $-4,024 Mil. Otis Worldwide's Total Assets for the quarter that ended in Sep. 2020 was $10,473 Mil. Therefore, Otis Worldwide's Equity to Asset Ratio for the quarter that ended in Sep. 2020 was -0.38.

NYSE:OTIS' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.51   Med: -0.38   Max: 0.18
Current: -0.38

-0.51
0.18

During the past 3 years, the highest Equity to Asset Ratio of Otis Worldwide was 0.18. The lowest was -0.51. And the median was -0.38.

NYSE:OTIS's Equity-to-Asset is ranked lower than
98% of the 2473 Companies
in the Industrial Products industry.

( Industry Median: 0.54 vs. NYSE:OTIS: -0.38 )

Otis Worldwide Equity-to-Asset 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
Equity-to-Asset 0.00 0.17 0.18

Otis Worldwide Quarterly Data
Dec17 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20
Equity-to-Asset Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.18 -0.51 -0.41 -0.38

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 Equity-to-Asset Distribution

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



Otis Worldwide Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing shareholder's tangible equity divided by its total asset.

Otis Worldwide's Equity to Asset Ratio for the fiscal year that ended in Dec. 2019 is calculated as

Equity to Asset (A: Dec. 2019 )=Total Stockholders Equity/Total Assets
=1700/9687
=0.18

Otis Worldwide's Equity to Asset Ratio for the quarter that ended in Sep. 2020 is calculated as

Equity to Asset (Q: Sep. 2020 )=Total Stockholders Equity/Total Assets
=-4024/10473
=-0.38

* 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) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.


Otis Worldwide Equity-to-Asset Related Terms


Otis Worldwide Equity-to-Asset Headlines

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