Analysis of Debt
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Carrier Global Corp. pages available for free this week:
- Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Profitability Ratios
- Analysis of Reportable Segments
- Common Stock Valuation Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Capital Asset Pricing Model (CAPM)
- Dividend Discount Model (DDM)
- Operating Profit Margin since 2020
- Return on Assets (ROA) since 2020
- Price to Earnings (P/E) since 2020
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Total Debt (Carrying Amount)
Carrier Global Corp., balance sheet: debt
US$ in millions
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|
| Current portion of long-term debt | ||||
| Long-term debt, net of current portion | ||||
| Total long-term debt, including current portion (carrying amount) |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
- Current portion of long-term debt
- The current portion of long-term debt has shown a consistent decrease over the three reported years, declining from $191 million in 2020 to $183 million in 2021, and further to $140 million in 2022. This indicates a reduction in the amount of debt due within the next year.
- Long-term debt, net of current portion
- The long-term debt excluding the current portion has also exhibited a downward trend. It reduced from $10,036 million in 2020 to $9,513 million in 2021 and continued to decrease to $8,702 million in 2022. This pattern suggests a systematic effort to lower the outstanding long-term debt over the period.
- Total long-term debt, including current portion (carrying amount)
- The overall long-term debt, inclusive of both current and non-current portions, has decreased steadily. The total carrying amount dropped from $10,227 million in 2020 to $9,696 million in 2021, and then further to $8,842 million in 2022. This consistent reduction across all components of long-term debt reflects an overall improvement in the company's debt position.
Total Debt (Fair Value)
| Dec 31, 2022 | |
|---|---|
| Selected Financial Data (US$ in millions) | |
| Long-term notes | |
| Japanese Term Loan Facility | |
| Other debt, including project financing obligations and finance leases | |
| Total long-term debt, including current portion (fair value) | |
| Financial Ratio | |
| Debt, fair value to carrying amount ratio | |
Based on: 10-K (reporting date: 2022-12-31).
Weighted-average Interest Rate on Debt
Weighted-average interest rate on borrowings:
| Interest rate | Debt amount1 | Interest rate × Debt amount | Weighted-average interest rate2 |
|---|---|---|---|
| Total | |||
Based on: 10-K (reporting date: 2022-12-31).
1 US$ in millions
2 Weighted-average interest rate = 100 × ÷ =