What Does Carrier Global's Debt Look Like?
Portfolio Pulse from Benzinga Insights
Carrier Global Inc. (NYSE:CARR) has seen its shares increase by 31.74% over the past three months. The company's total debt stands at $8.85 billion, with $8.71 billion in long-term debt and $142 million in current debt. After adjusting for $3.35 billion in cash-equivalents, the net debt is $5.50 billion. The debt-ratio, a measure of financial leverage, is at 0.34, indicating a considerable portion of debt is funded by assets.
July 19, 2023 | 1:15 pm
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Carrier Global's total debt is $8.85 billion, with a net debt of $5.50 billion. The company's debt-ratio is 0.34, indicating a significant portion of debt is funded by assets.
The company's debt levels are significant, but the debt-ratio of 0.34 suggests that the company is not overly leveraged. This could be seen as a positive by investors, as it indicates the company is using debt to fund its operations but is not at a high risk of default. However, the impact on the stock price in the short term is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100