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 $7.3B, which brings its debt-to-equity ratio to -151.9%. Its total assets and total liabilities are $10.3B and $15.0B respectively. Otis Worldwide's EBIT is $2.1B making its interest coverage ratio -54.2. It has cash and short-term investments of $827.0M.
Key information
-151.9%
Debt to equity ratio
US$7.26b
Debt
| Interest coverage ratio | -54.2x |
| Cash | US$827.00m |
| Equity | -US$4.78b |
| Total liabilities | US$15.04b |
| Total assets | US$10.26b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: OTIS * has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: OTIS * 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: OTIS * has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: OTIS *'s has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: OTIS *'s debt is well covered by operating cash flow (20.2%).
Interest Coverage: OTIS * earns more interest than it pays, so coverage of interest payments is not a concern.