Common-Size Balance Sheet: Assets
Paying user area
Try for free
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
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Carrier Global Corp. for $22.49.
This is a one-time payment. There is no automatic renewal.
We accept:
Carrier Global Corp., common-size consolidated balance sheet: assets
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
- Cash and cash equivalents
- There was a fluctuating trend in cash and cash equivalents as a percentage of total assets, starting at 12.41% in 2020, dipping to 11.41% in 2021, and then rising to 13.49% in 2022, indicating a slight increase in liquidity by the end of the latest period.
- Accounts receivable, net
- The proportion of accounts receivable relative to total assets decreased from 11.08% in 2020 to 9.18% in 2021, before rebounding to 10.86% in 2022, suggesting some variability in credit sales or collection efficiency over the period.
- Contract assets, current
- A gradual decline was apparent in contract assets, falling from 2.61% in 2020 to 1.92% in 2021, with a slight recovery to 2.06% in 2022, pointing to marginal changes in unbilled revenue or performance obligations.
- Inventories, net
- Inventories showed a consistent upward trend, growing from 6.49% in 2020 to 7.53% in 2021 and further increasing to 10.12% in 2022, which may indicate a buildup of stock or changes in inventory management practices.
- Assets held for sale
- This category was recorded only in 2021 at 12.1% of total assets, with no data in 2020 or 2022. This suggests a significant but temporary classification of assets intended for disposal during that year.
- Other assets, current
- The share of other current assets remained relatively stable, with minor fluctuations from 1.37% in 2020 to 1.44% in 2021, then slightly declining to 1.34% in 2022.
- Current assets
- Current assets rose notably from 33.97% in 2020 to a peak of 43.58% in 2021 before declining to 37.87% in 2022, reflecting significant shifts in short-term asset composition or liquidity management strategies.
- Future income tax benefits
- There was a steady increase in future income tax benefits as a percentage of total assets over the three years, from 1.79% in 2020 to 2.15% in 2021 and reaching 2.35% in 2022, indicating growing deferred tax assets.
- Fixed assets, net
- Net fixed assets fluctuated, starting at 7.21% in 2020, decreasing slightly to 6.98% in 2021, and rising noticeably to 8.59% in 2022, which may point to capital expenditure changes or asset disposals and acquisitions.
- Operating lease right-of-use assets
- Operating lease right-of-use assets decreased from 3.14% in 2020 to 2.45% in 2021, then remained almost unchanged at 2.46% in 2022, indicating a reduction and subsequent stabilization in leased asset commitments.
- Intangible assets, net
- Intangible assets showed a sharp decline from 4.13% in 2020 to 1.94% in 2021, followed by a significant increase to 5.14% in 2022, suggesting substantial impairment, amortization, or acquisitions during the period.
- Goodwill
- Goodwill decreased from 40.41% in 2020 to 35.72% in 2021 before rising again to 38.25% in 2022, reflecting possible acquisitions or impairments affecting this asset class.
- Pension and post-retirement assets
- These assets exhibited a steep decline over time, dropping from 2.21% in 2020 to 0.16% in 2021, and further to 0.1% in 2022, indicating diminishing pension-related asset values or reclassifications.
- Equity method investments
- The proportional share of equity method investments remained relatively stable between 2020 and 2021 (6.03% and 6.09%, respectively) but declined to 4.4% in 2022, potentially signaling divestitures or reduced valuations.
- Other assets
- Other assets as a portion of total assets gradually decreased from 1.11% in 2020 to 0.92% in 2021, and further to 0.84% in 2022, illustrating a modest contraction in miscellaneous asset categories.
- Long-term assets
- The share of long-term assets decreased notably from 66.03% in 2020 to 56.42% in 2021, before rebounding to 62.13% in 2022, indicating a temporary reduction in non-current asset holdings followed by partial recovery.
- Total assets
- The total assets consistently represented 100% throughout the periods, serving as the base reference for all relative asset measurements.