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 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 23
An 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 05Calculating The Fair Value Of Otis Worldwide Corporation (NYSE:OTIS)
Nov 29Otis Worldwide: Why You Should Look Past The New Equipment Slowdown
Nov 08Here's Why We Think Otis Worldwide (NYSE:OTIS) Might Deserve Your Attention Today
Nov 06Otis Worldwide: Strong Service And Pricing Growth Offset Order Weakness
Oct 11Otis: Strong Services Momentum Combined With Slow China Growth
Oct 02A Look At The Fair Value Of Otis Worldwide Corporation (NYSE:OTIS)
Aug 23Do Otis Worldwide's (NYSE:OTIS) Earnings Warrant Your Attention?
Aug 08Otis: Reaching New Heights On Core Business, Dividend Growth And Share Repurchases
Aug 02Should You Investigate Otis Worldwide Corporation (NYSE:OTIS) At US$87.54?
Jul 06Estimating The Intrinsic Value Of Otis Worldwide Corporation (NYSE:OTIS)
May 01What Is Otis Worldwide Corporation's (NYSE:OTIS) Share Price Doing?
Mar 23Otis: Solid Q4, More High-Single-Digit EPS Growth Guided In 2023
Feb 07Otis Worldwide Q4 2022 Earnings Preview
Jan 31Is Otis Worldwide Corporation (NYSE:OTIS) Worth US$81.8 Based On Its Intrinsic Value?
Jan 19Otis Worldwide: Strong Elevation After Q3 Results Should Continue
Dec 16What Is Otis Worldwide Corporation's (NYSE:OTIS) Share Price Doing?
Dec 08A 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).