Carpenter Technology Corporation (CRS)

Debt-to-equity ratio

Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020
Long-term debt US$ in thousands
Total stockholders’ equity US$ in thousands 1,887,000 1,781,700 1,716,900 1,660,300 1,628,800 1,502,600 1,473,800 1,429,300 1,396,100 1,327,200 1,321,100 1,306,800 1,330,500 1,347,100 1,333,100 1,367,600 1,392,300 1,381,200 1,332,900 1,407,500
Debt-to-equity ratio 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

June 30, 2025 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,887,000K
= 0.00

The debt-to-equity ratio for Carpenter Technology Corporation has consistently been recorded as zero across all observed periods, from September 30, 2020, through June 30, 2025. This indicates that the company has maintained a financial structure characterized by no recorded long-term or short-term debt relative to shareholders’ equity throughout this timeframe. The persistent zero ratio suggests that Carpenter Technology Corporation has relied entirely on equity financing, with no utilization of debt in its capital structure during these periods. This financial profile may reflect a conservative approach to leverage, a strategic decision to avoid indebtedness, or a history of sufficient internal cash flows that eliminate the need for external borrowing. Overall, the data portrays the company as entirely equity-financed, with no apparent debt burden impacting its financial leverage or solvency profile during the observed period.