Carrier Global (FRA:4PN) LT-Debt-to-Total-Asset : 0.40 (As of Mar. 2024)

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What is Carrier Global LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Carrier Global's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.40.

Carrier Global's long-term debt to total assets ratio increased from Mar. 2023 (0.35) to Mar. 2024 (0.40). It may suggest that Carrier Global is progressively becoming more dependent on debt to grow their business.

Carrier Global LT-Debt-to-Total-Asset Historical Data

The historical data trend for Carrier Global's LT-Debt-to-Total-Asset 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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Carrier Global LT-Debt-to-Total-Asset Chart

Carrier Global Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.43

0.38

0.35

0.45

Carrier Global Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.35	0.35	0.34	0.45	0.40

Carrier Global LT-Debt-to-Total-Asset Calculation

Carrier Global's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	13418.461	/	30097.774
	=	0.45

Carrier Global's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	14859.84	/	37545.2
	=	0.40

Carrier Global (FRA:4PN) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Carrier Global LT-Debt-to-Total-Asset Related Terms

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Carrier Global (FRA:4PN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Carrier Global Corp (FRA:4PN) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

CARR:USA CARR:Mexico 4PN:Germany C1RR34:Brazil CARG:Austria

Address

13995 Pasteur Boulevard, Palm Beach Gardens, FL, USA, 33418

Website

https://www.corporate.carrier.com

Carrier Global manufactures heating, ventilation, and air conditioning, refrigeration, and fire and security products. The HVAC business serves both residential and commercial markets (HVAC segment sales mix is 60% commercial and 40% residential). Carrier's refrigeration segment consists of its transportation refrigeration, Sensitech supply chain monitoring, and commercial refrigeration businesses. The firm's fire and security business manufactures fire detection and suppression, access controls, and intrusion detection products. In April 2023, Carrier announced that it plans to divest its fire and security and commercial refrigeration businesses. The firm also announced the pending acquisition of Germany-based Viessmann for approximately $13 billion.

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