Carrier Global annual debt-to-equity ratio
2019
2020
2021
2022
2023
2024
2025
Carrier Global Debt-to-Equity Ratio Growth & History (CARR)
Carrier Global's debt-to-equity ratio was 0.85 for fiscal 2025.
View full Carrier Global company overviewCarrier Global annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.85 | −0.04 | −4.55% |
| 2024 | 2024-12-31 | 0.89 | −0.74 | −45.41% |
| 2023 | 2023-12-31 | 1.63 | 0.46 | +38.91% |
| 2022 | 2022-12-31 | 1.18 | −0.28 | −19.37% |
| 2021 | 2021-12-31 | 1.46 | −0.22 | −12.97% |
| 2020 | 2020-12-31 | 1.68 | 1.59 | +1931.47% |
| 2019 | 2019-12-31 | 0.08 | — | — |
Carrier Global quarterly debt-to-equity ratio
Q4.19
Q1.20
Q2.20
Q3.20
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.94 | 0.15 | +19.07% |
| Q1 2026 | 2026-03-31 | 0.86 | 0.04 | +4.83% |
| Q4 2025 | 2025-12-31 | 0.85 | −0.04 | −4.55% |
| Q3 2025 | 2025-09-30 | 0.80 | −0.06 | −6.58% |
| Q2 2025 | 2025-06-30 | 0.79 | −0.19 | −19.36% |
| Q1 2025 | 2025-03-31 | 0.82 | −0.64 | −43.99% |
| Q4 2024 | 2024-12-31 | 0.89 | −0.74 | −45.41% |
| Q3 2024 | 2024-09-30 | 0.86 | −0.23 | −21.32% |
| Q2 2024 | 2024-06-30 | 0.98 | −0.14 | −12.26% |
| Q1 2024 | 2024-03-31 | 1.46 | 0.36 | +32.27% |
| Q4 2023 | 2023-12-31 | 1.63 | 0.46 | +38.91% |
| Q3 2023 | 2023-09-30 | 1.09 | −0.17 | −13.65% |
| Q2 2023 | 2023-06-30 | 1.12 | −0.18 | −13.62% |
| Q1 2023 | 2023-03-31 | 1.10 | −0.11 | −9.31% |
| Q4 2022 | 2022-12-31 | 1.18 | −0.28 | −19.37% |
| Q3 2022 | 2022-09-30 | 1.26 | −0.15 | −10.82% |
| Q2 2022 | 2022-06-30 | 1.30 | −0.16 | −10.98% |
| Q1 2022 | 2022-03-31 | 1.22 | −0.30 | −19.75% |
| Q4 2021 | 2021-12-31 | 1.46 | −0.22 | −12.97% |
| Q3 2021 | 2021-09-30 | 1.41 | −0.91 | −39.28% |
| Q2 2021 | 2021-06-30 | 1.46 | −1.46 | −50.05% |
| Q1 2021 | 2021-03-31 | 1.52 | −2.91 | −65.75% |
| Q4 2020 | 2020-12-31 | 1.68 | 1.59 | +1931.47% |
| Q3 2020 | 2020-09-30 | 2.33 | — | — |
| Q2 2020 | 2020-06-30 | 2.91 | — | — |
| Q1 2020 | 2020-03-31 | 4.43 | — | — |
| Q4 2019 | 2019-12-31 | 0.08 | — | — |
Carrier Global debt-to-equity ratio trends
Over the last five fiscal years, Carrier Global's debt-to-equity ratio decreased from 1.68 to 0.85, a change of −0.83. The latest reported quarter, Q2 2026, shows 0.94.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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