Carrier Global Balance Sheet Health
Financial Health criteria checks 2/6
Carrier Global has a total shareholder equity of $15.0B and total debt of $12.4B, which brings its debt-to-equity ratio to 82.6%. Its total assets and total liabilities are $40.2B and $25.2B respectively. Carrier Global's EBIT is $2.2B making its interest coverage ratio 5.9. It has cash and short-term investments of $2.2B.
Key information
82.6%
Debt to equity ratio
US$12.43b
Debt
| Interest coverage ratio | 5.9x |
| Cash | US$2.23b |
| Equity | US$15.04b |
| Total liabilities | US$25.16b |
| Total assets | US$40.20b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 4PN's short term assets ($11.2B) exceed its short term liabilities ($10.4B).
Long Term Liabilities: 4PN's short term assets ($11.2B) do not cover its long term liabilities ($14.8B).
Debt to Equity History and Analysis
Debt Level: 4PN's net debt to equity ratio (67.9%) is considered high.
Reducing Debt: 4PN's debt to equity ratio has increased from 6.6% to 82.6% over the past 5 years.
Debt Coverage: 4PN's debt is not well covered by operating cash flow (12%).
Interest Coverage: 4PN's interest payments on its debt are well covered by EBIT (5.9x coverage).