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 $2.3B making its interest coverage ratio 14.4. 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 | 14.4x |
| 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
Otis Worldwide Corporation's (NYSE:OTIS) Popularity With Investors Is Under Threat From Overpricing
Dec 13
Otis Worldwide: Strong Business And Dividend Growth, But Weak Momentum
Nov 27Is It Too Late To Consider Buying Otis Worldwide Corporation (NYSE:OTIS)?
Nov 22Otis Shares On The Rise As Market Tailwinds Lift New Equipment Prospects
Oct 22Should You Be Adding Otis Worldwide (NYSE:OTIS) To Your Watchlist Today?
Sep 23An Intrinsic Calculation For Otis Worldwide Corporation (NYSE:OTIS) Suggests It's 21% Undervalued
Sep 01Otis Worldwide Corporation's (NYSE:OTIS) Shareholders Might Be Looking For Exit
Aug 09Otis Worldwide: Exceptional Business, But We Have To Reinvest Its Cash Flows
Aug 08Otis: Calling It Again - Return To All-Time High Likely
Jul 25Is Now An Opportune Moment To Examine Otis Worldwide Corporation (NYSE:OTIS)?
Jul 22Is Now The Time To Put Otis Worldwide (NYSE:OTIS) On Your Watchlist?
Jun 16Estimating The Fair Value Of Otis Worldwide Corporation (NYSE:OTIS)
May 29Otis Worldwide's (NYSE:OTIS) Dividend Will Be Increased To $0.39
May 11Otis Worldwide (NYSE:OTIS) Is Paying Out A Larger Dividend Than Last Year
Apr 27Investor Optimism Abounds Otis Worldwide Corporation (NYSE:OTIS) But Growth Is Lacking
Apr 22Is Now The Time To Put Otis Worldwide (NYSE:OTIS) On Your Watchlist?
Mar 17Otis Worldwide: A Compelling Service Segment
Mar 07Is Now An Opportune Moment To Examine Otis Worldwide Corporation (NYSE:OTIS)?
Feb 28Otis: An Industrial Capital-Light Business Generating Enormous Free Cash Flows
Feb 04Otis Worldwide: Put This Dividend Grower On Your Radar
Jan 16What Otis Worldwide Corporation's (NYSE:OTIS) P/E Is Not Telling You
Jan 04Ascending The Market With Otis: Financial Strengths, Market Trends, And Long-Term Outlook
Dec 05Otis Worldwide: Why You Should Look Past The New Equipment Slowdown
Nov 08Otis Worldwide: Strong Service And Pricing Growth Offset Order Weakness
Oct 11Otis: Strong Services Momentum Combined With Slow China Growth
Oct 02Otis: Reaching New Heights On Core Business, Dividend Growth And Share Repurchases
Aug 02Otis: Solid Q4, More High-Single-Digit EPS Growth Guided In 2023
Feb 07Otis Worldwide Q4 2022 Earnings Preview
Jan 31Otis Worldwide: Strong Elevation After Q3 Results Should Continue
Dec 16A Late-Cycle, Service-Driven Story Is Driving Otis Worldwide Higher
Nov 08Financial 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's interest payments on its debt are well covered by EBIT (14.4x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/17 14:17 |
| End of Day Share Price | 2024/12/17 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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 |
| |
| 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 here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
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 .
Analyst Sources
Otis Worldwide Corporation is covered by 27 analysts. 13 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 |
| Richard Radbourne | Atlantic Equities LLP |
| Ishan Majumdar | Baptista Research |