Carrier Global (CARR) Debt Ratio (2019 - 2026)
Carrier Global's (CARR) quarterly Debt Ratio came in at 0.32 in Q2 2026, up 7.58% year-over-year from 0.3 in Q2 2025, and down 2.18% quarter-over-quarter from 0.33 in Q1 2026.
Analysis
Carrier Global (CARR) Debt Ratio (2019 - 2026) Analysis & Trends
Carrier Global (CARR) has reported Debt Ratio for 8 consecutive years, with 0.32 the latest figure, recorded in Q2 2026.
- On a quarterly basis, Debt Ratio rose 7.58% year-over-year to 0.32 in Q2 2026; TTM through Jun 2026 was 0.32, a 7.58% increase from a year earlier, with the FY2025 full-year figure at 0.32, down 3.73% from the prior year.
- Debt Ratio was 0.32 for Q2 2026 at Carrier Global, down from 0.33 in the prior quarter.
- Over five years, Debt Ratio peaked at 0.44 in Q4 2023 and troughed at 0.3 in Q2 2025.
- A 5-year average of 0.34 and a median of 0.33 in 2024 frame the typical range for Debt Ratio.
- Across the five-year window, Debt Ratio climbed 28.47% in 2023 and dropped 25.88% in 2025, its largest moves.
- Over 5 years, Debt Ratio stood at 0.34 in 2022, then grew by 28.47% to 0.44 in 2023, then retreated by 24.1% to 0.33 in 2024, then declined by 3.73% to 0.32 in 2025, then gained by 0.51% to 0.32 in 2026.
- The last three Debt Ratio figures came in at 0.32 (Q2 2026), 0.33 (Q1 2026), and 0.32 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 98.27 Bn | 96.95 Bn | 2.26 Bn | 0.19 |
| 2 | Johnson Controls International | 87.97 Bn | 87.32 Bn | 2.47 Bn | 0.26 |
| 3 | Comfort Systems Usa | 56.85 Bn | 55.00 Bn | 844.23 Mn | 0.01 |
| 4 | Carrier Global | 47.99 Bn | 46.64 Bn | 1.94 Bn | 0.32 |
| 5 | Lennox International | 13.02 Bn | 12.97 Bn | 539.50 Mn | 0.35 |
| 6 | Modine Manufacturing | 9.82 Bn | 9.75 Bn | - | 0.16 |
| 7 | SPX Technologies | 9.64 Bn | 9.48 Bn | 272.80 Mn | 0.17 |
| 8 | Smith A O | 7.92 Bn | 7.74 Bn | 387.80 Mn | 0.17 |
| 9 | Aaon | 6.32 Bn | 6.32 Bn | 152.49 Mn | 0.23 |
| 10 | Csw Industrials | 4.90 Bn | 4.87 Bn | - | 0.38 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.32 |
| 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 |