Carrier Global Corporation (CARR) Current Ratio: 1.20
Is Carrier Global Corporation’s current ratio high or low?
Carrier Global Corporation's current ratio of 1.20 is 30% below its 5-year average of 1.71, near the low end of its 5-year range (1.20–2.80).
As of Wednesday, June 24, 2026. 2.04% below its 12-month average of 1.23.
CARR Current Ratio Chart
Reported annual fiscal-period values; no daily interpolation.
CARR Average Current Ratio Chart
CARR Current vs Average Current Ratio Chart
CARR Current Ratio Metrics
CURRENT RATIO
1.20
CURRENT RATIO AVG TTM
1.23
CURRENT RATIO AVG 3Y
1.72
CURRENT RATIO AVG 5Y
1.71
CURRENT RATIO AVG 10Y
N/A
CURRENT RATIO AVG 15Y
N/A
CURRENT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-2.04%
CURRENT VS 3Y AVG
-30.33%
CURRENT VS 5Y AVG
-29.96%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
CARR Competitors' Current Ratio
| NAME | MARKET CAP | CURRENT RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Carrier Global Corporation (CARR) | $58.76B | 1.20 | 1.23 | 1.72 | 1.71 |
| Delta Air Lines, Inc. (DAL)vs › | $56.97B | 0.40 | 0.39 | 0.42 | 0.59 |
| PACCAR Inc (PCAR)vs › | $61.46B | 1.70 | 2.17 | 2.36 | 2.46 |
| Rocket Lab USA, Inc. (RKLB)vs › | $55.06B | 4.08 | 3.06 | 3.08 | 3.71 |
| L3Harris Technologies, Inc. (LHX)vs › | $54.73B | 1.19 | 1.14 | 1.09 | 1.17 |
| AMETEK, Inc. (AME)vs › | $53.65B | 1.06 | 1.15 | 1.23 | 1.43 |
| Fastenal Company (FAST)vs › | $52.35B | 4.85 | 4.76 | 4.51 | 4.39 |
| Rockwell Automation, Inc. (ROK)vs › | $50.78B | 1.14 | 1.11 | 1.17 | 1.20 |
| Cintas Corporation (CTAS)vs › | $67.54B | 2.09 | 1.60 | 1.46 | 1.42 |
| Norfolk Southern Corporation (NSC)vs › | $68.50B | 0.85 | 0.88 | 0.94 | 0.95 |
Liquidity Analysis
Current Ratio
1.20
Quick Ratio
0.85
Carrier Global Corporation Current Ratio Formula & Definition
Current Ratio = Current Assets / Current Liabilities
The current ratio measures short-term liquidity — a company's ability to cover current liabilities with current assets. Above 1.0 indicates positive working capital.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Carrier Global Corporation Current Ratio FAQ
- What is the current ratio for Carrier Global Corporation (CARR)?
- The current ratio for CARR stock is 1.20.
- Is Carrier Global Corporation's current ratio high or low?
- Carrier Global Corporation's current ratio of 1.20 is 30% below its 5-year average of 1.71, near the low end of its 5-year range (1.20–2.80).
- What is the TTM average current ratio for Carrier Global Corporation (CARR)?
- The TTM average current ratio for CARR stock is 1.23.
- What is the 3Y average current ratio for Carrier Global Corporation (CARR)?
- The 3Y average current ratio for CARR stock is 1.72.
- What is the 5Y average current ratio for Carrier Global Corporation (CARR)?
- The 5Y average current ratio for CARR stock is 1.71.
Carrier Global Corporation Current Ratio History
| DATE | CURRENT RATIO |
|---|---|
| 2025-12-31 | 1.20 |
| 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 |
| 2019-12-31 | 1.33 |
| 2018-12-31 | 1.37 |
| 2017-12-31 | 1.41 |
Related Metrics
About Carrier Global Corporation
Carrier Global Corporation is a worldwide provider of advanced technological solutions covering heating, ventilation, and air conditioning (HVAC), refrigeration, fire safety, security, and intelligent building automation. Its operations are structured across three primary business segments: HVAC, Refrigeration, and Fire & Security. The HVAC segment is dedicated to supplying products, controls, services, and complete solutions tailored to the heating, cooling, and ventilation requirements of both residential and commercial clients. Offerings in this area include air conditioning units, heating systems, various control mechanisms, aftermarket components, as well as post-installation repair, maintenance services, and building automation capabilities. The Refrigeration segment focuses on providing transport refrigeration and monitoring products and services. This includes digital solutions for diverse applications such as trucks, trailers, shipping containers, intermodal transport, food retail, and warehouse cooling. Additionally, it offers commercial refrigeration solutions like display cabinets, freezers, integrated systems, and their corresponding controls. The Fire & Security segment delivers a comprehensive suite of technologies for residential, commercial, and industrial environments. This encompasses detection systems for fire, flame, gas, smoke, and carbon monoxide; portable fire extinguishers; advanced fire suppression systems; intruder alarms; access control systems; video management systems; and electronic controls. Its service portfolio further extends to auditing, design, installation, system integration, ongoing maintenance, repair, and monitoring services. The company markets its extensive product range under numerous brands, including Autronica, Det-Tronics, Edwards, Fireye, GST, Kidde, LenelS2, Marioff, Onity, Supra, Carrier, Automated Logic, Bryant, CIAT, Day & Night, Heil, NORESCO, Riello, Carrier Commercial Refrigeration, Carrier Transicold, and Sensitech. Established in 2019, Carrier Global Corporation maintains its corporate headquarters in Palm Beach Gardens, Florida.
- Sector
- Industrials
- Industry
- Industrial - Machinery
- CEO
- David L. Gitlin