Otis Worldwide Corporation (OTIS) Interest Coverage Ratio: 10.88x
The interest coverage ratio for Otis Worldwide Corporation (OTIS) is 10.88x as of Friday, June 19, 2026.
OTIS Interest Coverage Ratio Metrics
INTEREST COVERAGE RATIO
10.88x
OTIS Competitors' Interest Coverage Ratio
| NAME | MARKET CAP | INTEREST COVERAGE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Otis Worldwide Corporation (OTIS) | $28.11B | 10.88x | N/A | N/A | N/A |
| Copart, Inc. (CPRT)vs › | $27.99B | N/A | 69.26x | 53.76x | 43.85x |
| Curtiss-Wright Corporation (CW)vs › | $28.52B | 14.79x | 13.29x | 11.25x | 10.42x |
| Hubbell Incorporated (HUBB)vs › | $27.67B | 18.99x | 16.89x | 19.09x | 15.72x |
| ATI Inc. (ATI)vs › | $27.48B | 5.73x | 5.32x | 4.62x | 3.94x |
| Carpenter Technology Corporation (CRS)vs › | $29.14B | 8.17x | 6.55x | 5.06x | 4.12x |
| Xylem Inc. (XYL)vs › | $26.48B | 42.17x | 32.55x | 22.71x | 17.22x |
| Dover Corporation (DOV)vs › | $30.11B | 12.51x | 10.86x | 10.50x | 10.39x |
| Axon Enterprise, Inc. (AXON)vs › | $34.13B | -0.66x | 15.52x | 15.52x | 15.52x |
| Expeditors International of Washington, Inc. (EXPD)vs › | $21.10B | N/A | 137.10x | 2303.50x | 2303.50x |
Financial Health Indicators
Interest Coverage
10.9x
Debt/Equity
-1.62
Current Ratio
0.85
Formula: Interest Coverage = EBIT / Interest Expense
Reference ranges:
- < 1.5x: EBIT is less than 1.5 times interest expense
- 1.5x - 3x: EBIT is between 1.5 and 3 times interest expense
- 3x - 5x: EBIT is between 3 and 5 times interest expense
- > 5x: EBIT is more than 5 times interest expense
Note: Interest coverage should be compared with historical interest expense, operating income, and industry capital structure.
Otis Worldwide Corporation Interest Coverage Ratio Formula & Definition
Interest Coverage = EBIT / Interest Expense
The interest coverage ratio measures operating earnings relative to interest expense.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Otis Worldwide Corporation Interest Coverage Ratio FAQ
- What is the interest coverage ratio for Otis Worldwide Corporation (OTIS)?
- The interest coverage ratio for OTIS stock is 10.88x.
About Otis Worldwide Corporation
Otis Worldwide Corporation is a global leader specializing in the manufacturing, installation, and servicing of elevators and escalators, with significant operations in the United States, China, and numerous other international markets. The company's business is organized into two primary divisions: New Equipment and Service. Its New Equipment segment is responsible for the design, fabrication, sale, and fitting of a diverse array of passenger and freight elevators, escalators, and moving walkways, catering to residential and commercial properties, as well as large-scale infrastructure endeavors. Conversely, the Service segment offers extensive maintenance, repair, and modernization services aimed at upgrading existing elevator and escalator systems. Otis maintains a substantial global service footprint, employing approximately 34,000 service technicians across roughly 1,400 branches and offices. The company, established in 1853, is headquartered in Farmington, Connecticut.
- Sector
- Industrials
- Industry
- Industrial - Machinery
- CEO
- Judith F. Marks