Carpenter Technology Balance Sheet Health
Financial Health criteria checks 4/6
Carpenter Technology has a total shareholder equity of $1.5B and total debt of $693.9M, which brings its debt-to-equity ratio to 46.2%. Its total assets and total liabilities are $3.2B and $1.7B respectively. Carpenter Technology's EBIT is $278.7M making its interest coverage ratio 5.4. It has cash and short-term investments of $53.5M.
Key information
46.2%
Debt to equity ratio
US$693.90m
Debt
Interest coverage ratio | 5.4x |
Cash | US$53.50m |
Equity | US$1.50b |
Total liabilities | US$1.67b |
Total assets | US$3.18b |
Recent financial health updates
We Think Carpenter Technology (NYSE:CRS) Can Stay On Top Of Its Debt
Jun 03We Think Carpenter Technology (NYSE:CRS) Can Stay On Top Of Its Debt
Feb 16These 4 Measures Indicate That Carpenter Technology (NYSE:CRS) Is Using Debt Extensively
Oct 17Is Carpenter Technology (NYSE:CRS) Using Too Much Debt?
Jun 29Here's Why Carpenter Technology (NYSE:CRS) Can Afford Some Debt
Sep 20We Think Carpenter Technology (NYSE:CRS) Has A Fair Chunk Of Debt
Jun 05Recent updates
We Think Carpenter Technology (NYSE:CRS) Can Stay On Top Of Its Debt
Jun 03Carpenter Technology: Excellent Fundamentals; Stretchy Valuations
May 31Shareholders Will Be Pleased With The Quality of Carpenter Technology's (NYSE:CRS) Earnings
May 08Carpenter Technology Corporation (NYSE:CRS) Not Lagging Industry On Growth Or Pricing
Mar 24We Think Carpenter Technology (NYSE:CRS) Can Stay On Top Of Its Debt
Feb 16Carpenter's Q2: 40% CAGR Operating Growth Expected And Cheap
Feb 01Analysts Have Made A Financial Statement On Carpenter Technology Corporation's (NYSE:CRS) Second-Quarter Report
Jan 28Here's What To Make Of Carpenter Technology's (NYSE:CRS) Decelerating Rates Of Return
Jan 08Market Participants Recognise Carpenter Technology Corporation's (NYSE:CRS) Revenues
Dec 19Carpenter Technology Corporation (NYSE:CRS) Shares Could Be 39% Below Their Intrinsic Value Estimate
Nov 28Carpenter Technology: Volatile Earnings Resulting In Poor Cyclical Performance
Nov 17These 4 Measures Indicate That Carpenter Technology (NYSE:CRS) Is Using Debt Extensively
Oct 17Returns On Capital At Carpenter Technology (NYSE:CRS) Paint A Concerning Picture
Sep 26Carpenter Technology: Good Near-Term As Well As Long-Term Prospects At An Attractive Valuation
Sep 05Calculating The Intrinsic Value Of Carpenter Technology Corporation (NYSE:CRS)
Jul 17Is Carpenter Technology (NYSE:CRS) Using Too Much Debt?
Jun 29Some Investors May Be Worried About Carpenter Technology's (NYSE:CRS) Returns On Capital
Jun 09Carpenter Technology Is A Good Buy At The Current Levels
May 27Carpenter Technology's (NYSE:CRS) Dividend Will Be $0.20
Apr 24Carpenter Technology's (NYSE:CRS) Returns On Capital Not Reflecting Well On The Business
Mar 02Carpenter Technology Q2 2023 Earnings Preview
Jan 25Carpenter Technology's (NYSE:CRS) Dividend Will Be $0.20
Jan 24Carpenter Technology declares $0.20 dividend
Jan 19Carpenter Technology Corporation (NYSE:CRS) Shares Could Be 48% Below Their Intrinsic Value Estimate
Dec 29Carpenter Technology: Navigating Well Through A Turbulent Initial Aerospace Recovery Cycle
Nov 10Carpenter Technology FQ1 2023 Earnings Preview
Oct 26Carpenter Technology (NYSE:CRS) Has Affirmed Its Dividend Of $0.20
Oct 18Carpenter Technology reaffirms outlook
Oct 13Here's Why Carpenter Technology (NYSE:CRS) Can Afford Some Debt
Sep 20Carpenter Technology jumps 7% on upgrade to Outperform by Cowen
Sep 12Carpenter Technology declares $0.20 dividend
Aug 12Carpenter Technology FQ4 2022 Earnings Preview
Jul 27We Think Carpenter Technology (NYSE:CRS) Has A Fair Chunk Of Debt
Jun 05As Aircraft Production Accelerates, Carpenter Technology Shares Should Go For A Ride
Mar 07Carpenter Technology Corporation: Margin Issues Are Just Temporary
Jan 03Would Carpenter Technology (NYSE:CRS) Be Better Off With Less Debt?
Dec 12Carpenter Technology (NYSE:CRS) Has Affirmed Its Dividend Of US$0.20
Oct 16It Looks Like Carpenter Technology Corporation's (NYSE:CRS) CEO May Expect Their Salary To Be Put Under The Microscope
Oct 06Financial Position Analysis
Short Term Liabilities: CRS's short term assets ($1.5B) exceed its short term liabilities ($453.4M).
Long Term Liabilities: CRS's short term assets ($1.5B) exceed its long term liabilities ($1.2B).
Debt to Equity History and Analysis
Debt Level: CRS's net debt to equity ratio (42.6%) is considered high.
Reducing Debt: CRS's debt to equity ratio has increased from 43.4% to 46.2% over the past 5 years.
Debt Coverage: CRS's debt is well covered by operating cash flow (40.4%).
Interest Coverage: CRS's interest payments on its debt are well covered by EBIT (5.4x coverage).