Otis Worldwide Corporation

Otis Worldwide Corporationverified

OTIS

Price:

$93.48

Market Cap:

$37.80B

Otis Worldwide Corporation manufactures, installs, and services elevators and escalators in the United States, China, and internationally. The company operates in two segments, New Equipment and Service. The New Equipment segment designs, manufactures, sells, and installs a range of passenger and freight elevators, as well as escalators and moving walkways for residential and commercial buildings, and infrastructure projects. The Service segment performs maintenance and repair services, as well as modernization services to upgrade elevators and escalators. It had a network of approximately 34,000 service mechanics operating approximately 1,400 branches and offices. The company was founded in...[Read more]

Industry

Industrial - Machinery

IPO Date

2020-03-19

Stock Exchange

NYSE

Ticker

OTIS

The Current Ratio as of July 2024 (TTM) for Otis Worldwide Corporation (OTIS) is 0.79

According to Otis Worldwide Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 0.79. This represents a change of -15.71% compared to the average of 0.94 of the last 4 quarters.

Otis Worldwide Corporation (OTIS) Historical Current Ratio (quarterly & annually)

How has OTIS Current Ratio performed in the past?

The mean historical Current Ratio of Otis Worldwide Corporation over the last ten years is 0.90. The current 0.79 Current Ratio has changed 8.69% with respect to the historical average. Over the past ten years (40 quarters), OTIS's Current Ratio was at its highest in in the December 2021 quarter at 1.32. The Current Ratio was at its lowest in in the March 2019 quarter at 0.

Quarterly (TTM)
Annual

Average

0.90

Median

0.99

Minimum

0

Maximum

1.32

Otis Worldwide Corporation (OTIS) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Otis Worldwide Corporation Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = Infinity%

Maximum Annual Current Ratio = 1.32

Minimum Annual Increase = -32.12%

Minimum Annual Current Ratio = 0

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.9910.04%
20220.90-32.12%
20211.3235.91%
20200.97-7.58%
20191.05-0.51%
20181.06Infinity%

Otis Worldwide Corporation (OTIS) Average Current Ratio

How has OTIS Current Ratio performed in the past?

The current Current Ratio of Otis Worldwide Corporation (OTIS) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

1.07

5-year avg

1.05

10-year avg

0.90

Otis Worldwide Corporation (OTIS) Current Ratio vs. Peers

How is OTIS’s Current Ratio compared to its peers?

Otis Worldwide Corporation’s Current Ratio is less than Parker-Hannifin Corporation (0.87), less than Eaton Corporation plc (1.56), less than Dover Corporation (1.53), less than Illinois Tool Works Inc. (1.32), less than Emerson Electric Co. (1.18), less than Ingersoll Rand Inc. (2.32), less than Graco Inc. (4.21), less than Flowserve Corporation (1.88), less than IDEX Corporation (3.37), less than Pentair plc (1.65), less than A. O. Smith Corporation (1.70),

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