What does consolidation — debt current mean?

This represents the elimination of intercompany debt obligations that exist between different entities within the corporate group. Since these are internal liabilities, they must be removed to present the company's true external debt position. This adjustment is necessary to avoid overstating the company's total leverage.

Allegion ALLE Consolidation — Debt Current

Discontinued — last reported Q4 '18

Similar metrics at other companies

RITMLiabilities related to deconsolidated CFEs

$451.8M—

CLFEliminations — Total Assets

$0—

RCCorporate debt, net

$536.97M-34.3%

TEMConvertible Debt (Non-Current)

$199.28M-14.7%

JPMCurrent Debt

$68.05B+4.7%

CLFEliminations — Depreciation, depletion and amortization

$0—

Other financials

Income statement

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Revenue$1.0B+9.7%

Gross profit$454.5M+7.6%

Operating income$195.3M-0.6%

Net income$138.1M-6.8%

EPS (diluted)$1.59-7.0%

Balance sheet

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Cash & equivalents$308.9M-37.5%

Total debt$2.2B+3.6%

Total equity$2.1B+30.8%

Total assets$5.3B+16.4%

Cash flow

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Operating cash flow$101.3M-3.1%

CapEx$21.0M-0.5%

Free cash flow$80.3M-3.7%

Valuation

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Market cap$11.48B+11.2%

Enterprise value$13.39B+11.8%

P/E18.1×+1.5×

P/S2.8×+0.1×

Profitability

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Gross margin45%+0.5pp

Operating margin20.6%-0.4pp

Net margin15.2%-1.0pp

FCF margin16.4%-0.4pp

Returns & leverage

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Return on equity34.2%-7.9pp

Debt / equity1.1×-0.3×

Current ratio1.9×-0.3×

Where this comes from

Reported directly by Allegion in its filing.

Tagged under the XBRL concept us-gaap:DebtCurrent.

The official record: Allegion’s 10-K, filed February 19, 2019, on SEC EDGAR. View the filing →

Questions, answered.

What does consolidation — debt current mean?: This represents the elimination of intercompany debt obligations that exist between different entities within the corporate group. Since these are internal liabilities, they must be removed to present the company's true external debt position. This adjustment is necessary to avoid overstating the company's total leverage.