Carrier Global Balance Sheet Health
Financial Health criteria checks 2/6
Carrier Global has a total shareholder equity of $11.9B and total debt of $16.9B, which brings its debt-to-equity ratio to 141.9%. Its total assets and total liabilities are $40.8B and $28.9B respectively. Carrier Global's EBIT is $2.3B making its interest coverage ratio 7.1. It has cash and short-term investments of $1.3B.
Key information
141.9%
Debt to equity ratio
US$16.90b
Debt
Interest coverage ratio | 7.1x |
Cash | US$1.31b |
Equity | US$11.91b |
Total liabilities | US$28.90b |
Total assets | US$40.81b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CARG's short term assets ($11.7B) exceed its short term liabilities ($8.6B).
Long Term Liabilities: CARG's short term assets ($11.7B) do not cover its long term liabilities ($20.3B).
Debt to Equity History and Analysis
Debt Level: CARG's net debt to equity ratio (130.9%) is considered high.
Reducing Debt: CARG's debt to equity ratio has increased from 3.5% to 141.9% over the past 5 years.
Debt Coverage: CARG's debt is not well covered by operating cash flow (15%).
Interest Coverage: CARG's interest payments on its debt are well covered by EBIT (7.1x coverage).