Carpenter Technology (Carpenter Technology) Debt-to-Equity

: 0.49 (As of Dec. 2023)

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Carpenter Technology's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $23 Mil. Carpenter Technology's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $694 Mil. Carpenter Technology's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,474 Mil. Carpenter Technology's debt to equity for the quarter that ended in Dec. 2023 was 0.49.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Carpenter Technology's Debt-to-Equity or its related term are showing as below:

CRS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.37 Med: 0.5 Max: 0.74
Current: 0.49

During the past 13 years, the highest Debt-to-Equity Ratio of Carpenter Technology was 0.74. The lowest was 0.37. And the median was 0.50.

CRS's Debt-to-Equity is ranked worse than
65.97% of 2618 companies
in the Industrial Products industry
Industry Median: 0.29 vs CRS: 0.49

Carpenter Technology Debt-to-Equity Historical Data

The historical data trend for Carpenter Technology's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Carpenter Technology Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

0.38

0.54

0.51

0.53

0.50

Carpenter Technology Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																0.59	0.61	0.50	0.49	0.49

Competitive Comparison

For the Metal Fabrication subindustry, Carpenter Technology's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Carpenter Technology Debt-to-Equity Distribution

For the Industrial Products industry and Industrials sector, Carpenter Technology's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Carpenter Technology's Debt-to-Equity falls into.

Carpenter Technology Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Carpenter Technology's Debt to Equity Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(9.1	+	693)	/	1396.1
	=	0.50

Carpenter Technology's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(22.5	+	693.6)	/	1473.8
	=	0.49

Carpenter Technology (NYSE:CRS) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Carpenter Technology Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Carpenter Technology's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Carpenter Technology (Carpenter Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Carpenter Technology Corp (NYSE:CRS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

XTY:Germany

Address

1735 Market Street, 15th Floor, Philadelphia, PA, USA, 19103

Website

https://www.carpentertechnology.com

Carpenter Technology Corp supplies specialty metals to a variety of end markets, including aerospace and defense, industrial machinery and consumer durables, medical, and energy, among others. The company's segment includes Specialty Alloys Operations and Performance Engineered Products. It generates maximum revenue from the Specialty Alloys Operations segment. The SAO segment is comprised of the company's major premium alloy and stainless steel manufacturing operations. This includes operations performed at mills primarily in Reading and Latrobe, Pennsylvania, and surrounding areas as well as South Carolina and Alabama.

Executives

Mclane Charles Douglas Jr	director	C/O CARPENTER TECHNOLOGY CORPORATION, 1735 MARKET STREET, 15TH FL, PHILADELPHIA PA 19103
Steven E Karol	director	C/O STOCKERYALE INC, 32 HAMPSHIRE RD, SALEM NH 03079
Marshall D Akins	officer: VP & Chief Commercial Officer	CARPENTER TECHNOLOGY CORPORATION, 1735 MARKET STREET, PHILADELPHIA PA 19103
Brian J Malloy	officer: VP - Chief Commercial Officer	C/O CARPENTER TECHNOLOGY CORPORATION, 1735 MARKET STREET, 15TH FL, PHILADELPHIA PA 19103
Pritchett Colleen	director	C/O HEXCEL CORPORATION, 281 TRESSER BLVD., 16TH FLOOR, STAMFORD CT 06901
Elizabeth A Socci	officer: VP, Controller & Chf Acctg Off	C/O CARPENTER TECHNOLOGY CORPORATION, 1735 MARKET STREET, 15TH FL, PHILADELPHIA PA 19103
Kathy Hopinkah Hannan	director	ANNALY CAPITAL MANAGEMENT, INC., 1211 AVE. OF THE AMERICAS, NEW YORK NY 10036
Ramin Younessi	director	510 LAKE COOK ROAD, SUITE 100, DEERFIELD IL 60015
David Graf	officer: VP and Group President - SAO	C/O CARPENTER TECHNOLOGY CORPORATION, 1735 MARKET STREET, PHILADELPHIA PA 19103
Kathleen Ligocki	director	3296 PINE LAKE ROAD, WEST BLOOMFIELD MI 48324
Timothy Lain	officer: VP-Controller, Chf Acctg Ofcr	C/O CARPENTER TECHNOLOGY CORPORATION, PO BOX 14662, READING PA 19612
James D Dee	officer: VP, Gen Counsel & Secretary	TWO PITCAIRN PLACE, SUITE 200, 165 TOWNSHIP LINE ROAD, JENKINTOWN PA 19046
Tony R Thene	officer: Sr VP and CFO	ALCOA INC., 201 ISABELLA STREET, PITTSBURGH PA 15212-5858
Robert R Mcmaster	director	907-B EAST MAIN STREET, HUMBLE TX 77338-4662
Gregory A Pratt	director	7500 GREENWAY CENTER DRIVE, SUITE 1600, 7500 GREENWAY CENTER DRIVE, SUITE 1600, GREENBELT MD 20770