Carrier Global Balance Sheet Health
Financial Health criteria checks 3/6
Carrier Global has a total shareholder equity of $14.2B and total debt of $11.2B, which brings its debt-to-equity ratio to 78.8%. Its total assets and total liabilities are $36.4B and $22.2B respectively. Carrier Global's EBIT is $2.0B making its interest coverage ratio 6.4. It has cash and short-term investments of $1.7B.
Key information
78.77%
Debt to equity ratio
US$11.18b
Debt
| Interest coverage ratio | 6.4x |
| Cash | US$1.70b |
| Equity | US$14.20b |
| Total liabilities | US$22.25b |
| Total assets | US$36.45b |
Recent financial health updates
Is Carrier Global (NYSE:CARR) Using Too Much Debt?
Dec 13
Is Carrier Global (NYSE:CARR) A Risky Investment?
Jul 21Recent updates
Earnings Tell The Story For Carrier Global Corporation (NYSE:CARR) As Its Stock Soars 26%
May 14Carrier Global Q1: Strong Margin Improvement
May 01Why Carrier Global Corporation (NYSE:CARR) Could Be Worth Watching
Apr 23Carrier Global: A Climate Giant Entering A New Phase Of Transformation
Apr 20Investors Still Waiting For A Pull Back In Carrier Global Corporation (NYSE:CARR)
Mar 05Earnings Troubles May Signal Larger Issues for Carrier Global (NYSE:CARR) Shareholders
Feb 18Carrier Global: Still Cheap With A Temperate Outlook
Feb 12Investors Could Be Concerned With Carrier Global's (NYSE:CARR) Returns On Capital
Jan 28Carrier: Fairly Valued After Transition Nears Completion
Jan 06Is Carrier Global Corporation (NYSE:CARR) Worth US$68.9 Based On Its Intrinsic Value?
Dec 29Is Carrier Global (NYSE:CARR) Using Too Much Debt?
Dec 13Shareholders Should Be Pleased With Carrier Global Corporation's (NYSE:CARR) Price
Nov 28Carrier Global Q3: Strong Orders Supporting FY 2025 Growth
Oct 25Carrier Global (NYSE:CARR) Is Due To Pay A Dividend Of $0.19
Oct 14Investors Could Be Concerned With Carrier Global's (NYSE:CARR) Returns On Capital
Oct 01Carrier Global: Transforming Into Pure Play In Climate And Energy Solutions
Sep 05Risks To Shareholder Returns Are Elevated At These Prices For Carrier Global Corporation (NYSE:CARR)
Aug 28
Leveraging AI And Renewable Energy Innovations To Propel Growth And Diversify Revenue Streams
Investments in AI and connectivity signify a shift towards efficiency and recurring revenue models, promising operational improvements and stable growth.Estimating The Fair Value Of Carrier Global Corporation (NYSE:CARR)
Aug 13Earnings Beat: Carrier Global Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
Jul 29Carrier: Some Parts Are Hotter Than Others
Jul 26Is Carrier Global (NYSE:CARR) A Risky Investment?
Jul 21When Should You Buy Carrier Global Corporation (NYSE:CARR)?
Jul 03Carrier's Business Transformation Adds Value
Jun 28Carrier Global (NYSE:CARR) Is Due To Pay A Dividend Of $0.19
Jun 15Carrier: Not Too Hot Yet
Apr 27Carrier Global: Strong After-Market And Heat Pump Segment; Weak Residential Market
Feb 12Carrier Global: Carrying Great Momentum Into 2024
Jan 09Financial Position Analysis
Short Term Liabilities: CARR's short term assets ($8.4B) exceed its short term liabilities ($7.0B).
Long Term Liabilities: CARR's short term assets ($8.4B) do not cover its long term liabilities ($15.2B).
Debt to Equity History and Analysis
Debt Level: CARR's net debt to equity ratio (66.8%) is considered high.
Reducing Debt: CARR's debt to equity ratio has reduced from 371.7% to 78.8% over the past 5 years.
Debt Coverage: CARR's debt is not well covered by operating cash flow (9%).
Interest Coverage: CARR's interest payments on its debt are well covered by EBIT (6.4x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/05/27 01:08 |
| End of Day Share Price | 2025/05/27 00:00 |
| Earnings | 2025/03/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Carrier Global Corporation is covered by 30 analysts. 21 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | Argus Research Company |
| Timothy Wojs | Baird |
| Julian Mitchell | Barclays |