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Otis Worldwide Corporation  (OTIS)
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Cumulative Otis Worldwide's Interest Coverage ratios

OTIS's Interest expense and Ebitda growth



OTIS Interest Coverage (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Interest expense Change 13.89 % 11.43 % 5.71 % -10.81 % -18.18 %
Y / Y Ebitda Change 5.4 % 7.12 % 17.94 % -2.44 % -0.92 %
Interest Coverage (TTM) 15.83 16.17 16.34 15.88 15.54
Total Ranking # 58 # 314 # 523 # 64 # 603
Seq. Interest expense Change 5.13 % 5.41 % 12.12 % -8.33 % 2.86 %
Seq. Ebitda Change -8.27 % -2.22 % 12.68 % 4.28 % -6.77 %




Interest Coverage in the fourth quarter 2023 Comment
Otis Worldwide's interest coverage ratio sequentially decreased to 15.83 but remained above company average. Due to decrease of ebitda in the Q4 2023 by -8.27%.

Within Consumer Discretionary sector 6 other companies have achieved higher interest coverage ratio during the Q4 2023. While Interest coverage ratio total ranking has improved in the fourth quarter 2023 to 58, from total ranking in the third quarter 2023 at 314.

What is Interest Coverage Ratio?
Source of Otis Worldwide Corporation sales

Interest Coverage Company Ranking
Within: No.
Industry # 0
Sector # 7
S&P 500 # 58


Interest Coverage Statistics
High Average Low
17.39
15.74
13.47
(Sep 30 2021)   (Mar 31 2021)





Financial Statements
Otis Worldwide's Interest expense $ 41 Millions Visit OTIS's Income Statement
Otis Worldwide's Ebitda $ 566 Millions Visit OTIS's Income Statement
Where are OTIS's Sales coming from? Visit OTIS's Sales by Geography




Companies with similar Average Interest Coverage ratios for 12 months ending Dec 31 2023, within Consumer Discretionary Sector Interest Coverage Ratio EBITDA 12 months ending Dec 31 2023Interest net 12 months ending Dec 31 2023
Ralph Lauren Corporation  32.88 $ 917.400  Millions$ 27.900  Millions

Date modified: 2024-02-03T10:26:37+00:00



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