Otis Worldwide Corp (OTIS) — Tangible Net Worth Ratio
Otis Worldwide Corp (OTIS) has a Tangible Net Worth Ratio of 78.9% as of December 2019. This metric is calculated by deducting intangible assets ($490.00 Million) from net assets ($2.33 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See OTIS current assets to equity ratio to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Otis Worldwide Corp Tangible Net Worth Ratio (2017–2019)
This chart shows how Otis Worldwide Corp's Tangible Net Worth Ratio has changed across 3 annual periods from 2017 to 2019. As of December 2019, the ratio stands at 78.9%, reflecting net assets of $2.33 Billion with intangible assets of $490.00 Million USD. See OTIS cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Otis Worldwide Corp (2017–2019)
The table below presents the year-by-year Tangible Net Worth Ratio for Otis Worldwide Corp from 2017 to 2019, covering 3 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see market cap of Otis Worldwide Corp.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2019 | 78.9% | $2.33 Billion | $490.00 Million | $9.69 Billion | ▲ +4.6 pp |
| 2018 | 74.3% | $2.21 Billion | $569.00 Million | $9.13 Billion | ▼ -9.8 pp |
| 2017 | 84.1% | $4.16 Billion | $659.00 Million | $9.09 Billion | — |