Carpenter Technology Corporation (CRS)
Current ratio
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,764,700 | 1,591,200 | 1,281,900 | 1,119,400 | 1,117,400 |
| Total current liabilities | US$ in thousands | 483,700 | 466,300 | 459,400 | 375,600 | 306,300 |
| Current ratio | 3.65 | 3.41 | 2.79 | 2.98 | 3.65 |
June 30, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,764,700K ÷ $483,700K
= 3.65
The current ratio of Carpenter Technology Corporation over the specified periods illustrates fluctuations in the company's short-term liquidity position. As of June 30, 2021, the current ratio stood at 3.65, indicating a strong ability to cover current liabilities with current assets. Moving into June 30, 2022, the ratio decreased to 2.98, reflecting a modest reduction in liquidity. This downward trend continued into June 30, 2023, with the ratio further declining to 2.79, suggesting a further slight weakening in the company's short-term financial cushion.
However, the data points to an improvement in liquidity by June 30, 2024, when the current ratio increased to 3.41. This rebound suggests an enhancement in current assets relative to current liabilities. The ratio remains stable or slightly increasing into June 30, 2025, reaching 3.65, which effectively returns the company to its initial high liquidity position observed in 2021.
Overall, despite the temporary decline in the current ratio between 2021 and 2023, Carpenter Technology Corporation demonstrates an overall pattern of maintaining a strong liquidity position, with the ratio improving notably in the latter two years. This pattern indicates effective liquidity management and suggests the company is well-positioned to meet its short-term obligations across the analyzed periods.
Peer comparison
Jun 30, 2025