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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on Sales

Carrier Global (CARR) Debt Ratio (2019 - 2026)

Carrier Global (CARR) reported Debt Ratio of 0.33 for Q1 2026, up 6.55% year-over-year from 0.31 in Q1 2025, and up 2.76% on a QoQ basis from 0.32 in Q4 2025.

Carrier Global (CARR) has 8 years of Debt Ratio data on file, last reported at 0.33 in Q1 2026.

  • Quarterly Debt Ratio rose 6.55% year-over-year to 0.33 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 0.33 (up 6.55% YoY) and the FY2025 annual result came in at 0.32, down 3.73% from the prior year.
  • Debt Ratio improved to 0.33 in Q1 2026 per CARR's latest filing, from 0.32 in the prior quarter.
  • Across five years, Debt Ratio topped out at 0.44 in Q4 2023 and bottomed at 0.3 in Q2 2025.
  • The 5-year median for Debt Ratio is 0.33 (2023), against an average of 0.34.
  • The widest annual swing landed in 2023, when Debt Ratio advanced 28.47%; it then slipped 25.88% in 2025.
  • Tracing CARR's Debt Ratio over 5 years: stood at 0.34 in 2022, then climbed by 28.47% to 0.44 in 2023, then fell by 24.1% to 0.33 in 2024, then dropped by 3.73% to 0.32 in 2025, then advanced by 2.76% to 0.33 in 2026.
  • Per Business Quant, the three latest CARR Debt Ratio figures stand at 0.33 (Q1 2026), 0.32 (Q4 2025), and 0.31 (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Trane Technologies 99.95 Bn 98.89 Bn 1.73 Bn 0.20
2 Johnson Controls International 84.54 Bn 84.01 Bn 2.07 Bn 0.24
3 Carrier Global 52.72 Bn 51.70 Bn 4.82 Bn 0.33
4 Lennox International 16.87 Bn 16.82 Bn 351.30 Mn 0.27
5 Masco 13.72 Bn 13.60 Bn 686.00 Mn 0.56
6 Carlisle Companies 13.62 Bn 12.85 Bn 363.20 Mn 0.48
7 Aaon 10.97 Bn 10.97 Bn 109.77 Mn 0.24
8 SPX Technologies 10.37 Bn 10.22 Bn 230.60 Mn 0.17
9 Advanced Drainage Systems 10.34 Bn 10.19 Bn 237.66 Mn 0.36
10 Owens Corning 9.48 Bn 9.24 Bn 510.00 Mn 0.39

Historic Data

Download Data 🔒
DateValue
Mar 31, 2026 0.33
Dec 31, 2025 0.32
Sep 30, 2025 0.31
Jun 30, 2025 0.30
Mar 31, 2025 0.31
Dec 31, 2024 0.33
Sep 30, 2024 0.31
Jun 30, 2024 0.33
Mar 31, 2024 0.41
Dec 31, 2023 0.44
Sep 30, 2023 0.33
Jun 30, 2023 0.33
Mar 31, 2023 0.34
Dec 31, 2022 0.34
Sep 30, 2022 0.35
Jun 30, 2022 0.36
Mar 31, 2022 0.35
Dec 31, 2021 0.37
Sep 30, 2021 0.38
Jun 30, 2021 0.38
Mar 31, 2021 0.39
Dec 31, 2020 0.41
Sep 30, 2020 0.47
Jun 30, 2020 0.50
Mar 31, 2020 0.51
Dec 31, 2019 0.01