As of June 2, 2025, Carrier Global Corp (CARR) reports a Current Ratio of 1.25.
Current Ratio assesses a company's ability to pay short-term debts by comparing liquid assets to liabilities, with higher ratios signaling better financial health.
Historical Trend of Carrier Global Corp's Current Ratio
Over recent years, Carrier Global Corp's Current Ratio has shown significant volatility. The table below summarizes the historical values:
| Date | Current Ratio |
|---|---|
| 2024-12-31 | 1.25 |
| 2023-12-31 | 2.80 |
| 2022-12-31 | 1.64 |
| 2021-12-31 | 1.72 |
| 2020-12-31 | 1.67 |
This fluctuation highlights how Carrier Global Corp manages its short-term assets and liabilities over time.
Comparing Carrier Global Corp's Current Ratio to Peers
To better understand Carrier Global Corp's position, it's useful to compare its Current Ratio against industry peers. Below are selected comparisons:
| Company | Current Ratio |
|---|---|
| Carrier Global Corp (CARR) | 1.25 |
| Advanced Drainage Systems Inc (WMS) | 3.33 |
| Simpson Manufacturing Co Inc (SSD) | 3.21 |
| Azek Company Inc (AZEK) | 2.17 |
| Masco Corp (MAS) | 1.75 |
| A O Smith Corp (AOS) | 1.55 |
Compared to its competitors, Carrier Global Corp's Current Ratio is among the lowest compared to peers, suggesting tighter liquidity management or potential short-term obligations concerns.