Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the debt to assets ratio high or low?
The debt to assets ratio of 17.99% is 21% below its 5-year average of 22.82%, near the low end of its 5-year range (17.99%–30.97%).
As of the fiscal period ended Tuesday, June 30, 2026. 8.94% below its 12-month average of 19.76%.
Reported quarterly debt to assets ratio; no daily interpolation.
DEBT TO ASSETS RATIO
17.99%
DEBT TO ASSETS RATIO AVG TTM
19.76%
DEBT TO ASSETS RATIO AVG 3Y
21.19%
DEBT TO ASSETS RATIO AVG 5Y
22.41%
DEBT TO ASSETS RATIO AVG 10Y
21.72%
DEBT TO ASSETS RATIO AVG 15Y
21.68%
DEBT TO ASSETS RATIO AVG 20Y
20.27%
CURRENT VS TTM AVG
-8.94%
CURRENT VS 3Y AVG
-15.10%
CURRENT VS 5Y AVG
-19.71%
CURRENT VS 10Y AVG
-17.14%
CURRENT VS 15Y AVG
-16.99%
CURRENT VS 20Y AVG
-11.23%
SECTOR MEDIAN · BASIC MATERIALS
0.26%
median of 43 covered companies
CURRENT VS SECTOR MEDIAN
+6821.13%
vs the sector median at left
Carpenter Technology Corporation
Market Cap
$25.82B
Debt to Assets Ratio
17.99%
TTM Avg
19.76%
3Y Avg
21.19%
5Y Avg
22.41%
Market Cap
$21.62B
Debt to Assets Ratio
0.28%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$20.73B
Debt to Assets Ratio
0.19%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$20.23B
Debt to Assets Ratio
0.26%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$31.53B
Debt to Assets Ratio
0.28%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$20.04B
Debt to Assets Ratio
0.47%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$19.23B
Debt to Assets Ratio
0.28%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Carpenter Technology Corporation (CRS) | $25.82B | 17.99% | 19.76% | 21.19% | 22.41% |
| PPG Industries, Inc. (PPG)vs › | $24.57B | 0.94% | N/A | N/A | N/A |
| Dow Inc. (DOW)vs › | $21.88B | 0.33% | N/A | N/A | N/A |
| International Paper Company (IP)vs › | $21.62B | 0.28% | N/A | N/A | N/A |
| Reliance Steel & Aluminum Co. (RS)vs › | $20.73B | 0.19% | N/A | N/A | N/A |
| International Flavors & Fragrances Inc. (IFF)vs › | $20.23B | 0.26% | N/A | N/A | N/A |
| Martin Marietta Materials, Inc. (MLM)vs › | $31.53B | 0.28% | N/A | N/A | N/A |
| LyondellBasell Industries N.V. (LYB)vs › | $20.04B | 0.47% | N/A | N/A | N/A |
| CF Industries Holdings, Inc. (CF)vs › | $19.23B | 0.28% | N/A | N/A | N/A |
| DuPont de Nemours, Inc. (DD)vs › | $18.50B | 0.15% | N/A | N/A | N/A |
Debt/Assets
18.0%
Debt/Equity
0.31
Current Ratio
3.81
Interest Coverage
18.6x
Formula: Debt/Assets = Total Debt / Total Assets × 100
Debt/Assets vs Debt/Equity:
Industry context matters: Capital-intensive industries (utilities, real estate) typically have higher Debt/Assets ratios than tech companies.
Debt/Assets ratio shows what percentage of a company's assets are financed by debt. Compare the current value with the historical chart and peer group to understand leverage over time.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | DEBT TO ASSETS RATIO |
|---|---|
| 2026-06-30 | 17.99% |
| 2026-03-31 | 19.01% |
| 2025-12-31 | 19.94% |
| 2025-09-30 | 20.70% |
| 2025-06-30 | 21.17% |
| 2025-03-31 | 20.90% |
| 2024-12-31 | 21.11% |
| 2024-09-30 | 21.59% |
| 2024-06-30 | 22.52% |
| 2024-03-31 | 22.12% |
| 2023-12-31 | 22.67% |
| 2023-09-30 | 22.82% |
| 2023-06-30 | 22.99% |
| 2023-03-31 | 26.19% |
| 2022-12-31 | 25.62% |
| 2022-09-30 | 23.86% |
| 2022-06-30 | 23.93% |
| 2022-03-31 | 30.97% |
| 2021-12-31 | 24.47% |
| 2021-09-30 | 23.77% |
| 2021-06-30 | 24.87% |
| 2021-03-31 | 23.37% |
| 2020-12-31 | 23.15% |
| 2020-09-30 | 22.53% |
| 2020-06-30 | 24.28% |
| 2020-03-31 | 21.41% |
| 2019-12-31 | 20.02% |
| 2019-09-30 | 19.11% |
| 2019-06-30 | 17.89% |
| 2019-03-31 | 20.86% |
| 2018-12-31 | 20.50% |
| 2018-09-30 | 18.14% |
| 2018-06-30 | 18.15% |
| 2018-03-31 | 20.10% |
| 2017-12-31 | 20.81% |
| 2017-09-30 | 21.02% |
| 2017-06-30 | 21.02% |
| 2017-03-31 | 21.91% |
| 2016-12-31 | 22.65% |
| 2016-09-30 | 21.66% |
| 2016-06-30 | 21.88% |
| 2016-03-31 | 22.89% |
| 2015-12-31 | 22.81% |
| 2015-09-30 | 21.28% |
| 2015-06-30 | 20.78% |
| 2015-03-31 | 20.55% |
| 2014-12-31 | 21.08% |
| 2014-09-30 | 20.06% |
| 2014-06-30 | 19.77% |
| 2014-03-31 | 20.38% |
| 2013-12-31 | 20.87% |
| 2013-09-30 | 20.65% |
| 2013-06-30 | 20.96% |
| 2013-03-31 | 24.19% |
| 2012-12-31 | 15.73% |
| 2012-09-30 | 15.62% |
| 2012-06-30 | 15.48% |
| 2012-03-31 | 15.68% |
| 2011-12-31 | 21.73% |
| 2011-09-30 | 21.75% |
| 2011-06-30 | 25.49% |
| 2011-03-31 | 15.15% |
| 2010-12-31 | 15.90% |
| 2010-09-30 | 15.93% |
| 2010-06-30 | 16.40% |
| 2010-03-31 | 17.49% |
| 2009-12-31 | 18.46% |
| 2009-09-30 | 18.39% |
| 2009-06-30 | 18.61% |
| 2009-03-31 | 18.88% |
| 2008-12-31 | 18.52% |
| 2008-09-30 | 17.83% |
| 2008-06-30 | 17.50% |
| 2008-03-31 | 16.75% |
| 2007-12-31 | 18.01% |
| 2007-09-30 | 17.56% |
| 2007-06-30 | 16.42% |
| 2007-03-31 | 15.97% |
| 2006-12-31 | 16.79% |
| 2006-09-30 | 17.10% |
| 2006-06-30 | 17.65% |
| 2006-03-31 | 18.50% |
| 2005-12-31 | 19.61% |
| 2005-09-30 | 19.96% |
| 2005-06-30 | 20.19% |
| 2005-03-31 | 21.71% |
| 2004-12-31 | 23.06% |
| 2004-09-30 | 23.54% |
| 2004-06-30 | 24.39% |
| 2004-03-31 | 24.87% |
| 2003-12-31 | 25.93% |
| 2003-09-30 | 28.04% |
| 2003-06-30 | 28.29% |
| 2003-03-31 | 29.58% |
| 2002-12-31 | 30.25% |
| 2002-09-30 | 29.94% |
