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Carrier Global CARR Debt-to-assets

Debt-to-assets at other companies

SPX Technologies logo
SPX TechnologiesSPXC
0.2×-0.1×
EMCOR Group logo
EMCOR GroupEME
0.1×0.0×
Aaon logo
AaonAAON
0.0×
Johnson Controls International logo
Johnson Controls InternationalJCI
-0.2×
Comfort Systems USA logo
Comfort Systems USAFIX
0.1×0.0×
Lennox International logo
Lennox InternationalLII
0.4×-0.1×

Other financials

Income statement

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Revenue$5.3B+2.4%
Gross profit$1.5B+15.9%
Operating income$259.0M-58.8%
Net income$238.0M-42.2%
EPS (diluted)$0.28-40.4%

Balance sheet

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Cash & equivalents$1.4B-19.3%
Total debt$12.8B+9.6%
Total equity$13.8B-2.8%
Total assets$37.2B+2.0%

Cash flow

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Operating cash flow$79.0M-83.6%
CapEx$94.0M+49.2%
Free cash flow-$15.0M-104%

Valuation

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Market cap$59.64B-14.1%
Enterprise value$71.12B-9.7%
P/E45.5×+33.4×
P/S2.7×-0.4×

Profitability

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Gross margin26.6%-0.6pp
Operating margin8.2%-4.7pp
Net margin6%-19.8pp
FCF margin7.7%

Returns & leverage

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Return on equity9.4%-34.7pp
Debt / equity0.9×+0.1×
Current ratio1.1×-0.2×

Where this comes from

Calculated from Carrier Global’s reported figures.

Based on the most recent quarter.

The official record: Carrier Global’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Carrier Global's debt-to-assets?
Carrier Global (CARR) reported debt-to-assets of 0.3× in Q1 2026.
How has Carrier Global's debt-to-assets changed year-over-year?
Carrier Global's debt-to-assets increased by 7.4% year-over-year, from 0.3× to 0.3×.
What is the long-term trend for Carrier Global's debt-to-assets?
Over 5 years (2020 to 2025), Carrier Global's debt-to-assets has grown at a -6.1% compound annual growth rate (CAGR), from 0.4× to 0.3×.
What does debt-to-assets mean?
What fraction of everything the company owns is funded by debt.
How do you interpret debt-to-assets?
A lower ratio indicates a more conservatively financed balance sheet. Rising debt-to-assets over time signals increasing financial risk.
How does debt-to-assets compare across companies?
Comparable within an industry; bounded between 0 and 1 for most non-financials, which makes cross-company reads cleaner than debt-to-equity.