Otis Worldwide Balance Sheet Health
Financial Health criteria checks 2/6
Otis Worldwide has a total shareholder equity of $-4.8B and total debt of $6.9B, which brings its debt-to-equity ratio to -142.9%. Its total assets and total liabilities are $9.8B and $14.6B respectively. Otis Worldwide's EBIT is $2.3B making its interest coverage ratio 14.3. It has cash and short-term investments of $884.0M.
Key information
-142.9%
Debt to equity ratio
US$6.88b
Debt
| Interest coverage ratio | 14.3x |
| Cash | US$884.00m |
| Equity | -US$4.82b |
| Total liabilities | US$14.61b |
| Total assets | US$9.79b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 4PG has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: 4PG has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: 4PG has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: 4PG's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: 4PG's debt is well covered by operating cash flow (22.1%).
Interest Coverage: 4PG's interest payments on its debt are well covered by EBIT (14.3x coverage).