CRS Stock | | | USD 190.97 10.26 5.68% |
Carpenter Technology financial indicator trend analysis is way more than just evaluating Carpenter Technology prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Carpenter Technology is a good investment. Please check the relationship between Carpenter Technology Long Term Debt and its Net Tangible Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Carpenter Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
For more information on how to buy Carpenter Stock please use our
How to Invest in Carpenter Technology guide.
Long Term Debt vs Net Tangible Assets
Long Term Debt vs Net Tangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Carpenter Technology Long Term Debt account and
Net Tangible Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Carpenter Technology's Long Term Debt and Net Tangible Assets is 0.68. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Carpenter Technology, assuming nothing else is changed. The correlation between historical values of Carpenter Technology's Long Term Debt and Net Tangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Carpenter Technology are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Long Term Debt i.e., Carpenter Technology's Long Term Debt and Net Tangible Assets go up and down completely randomly.
Correlation Coefficient | 0.68 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Long Term Debt
Long-term debt is a debt that Carpenter Technology has held for over one year. Long-term debt appears on Carpenter Technology balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Carpenter Technology balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.
Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.
Most indicators from Carpenter Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Carpenter Technology current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Carpenter Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
For more information on how to buy Carpenter Stock please use our
How to Invest in Carpenter Technology guide.At this time, Carpenter Technology's
Tax Provision is comparatively stable compared to the past year.
Sales General And Administrative To Revenue is likely to gain to 0.13 in 2024, whereas
Selling General Administrative is likely to drop slightly above 155.6
M in 2024.
Carpenter Technology fundamental ratios Correlations
Click cells to compare fundamentals
Carpenter Technology Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Carpenter Technology fundamental ratios Accounts
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Additional Tools for Carpenter Stock Analysis
When running Carpenter Technology's price analysis, check to
measure Carpenter Technology's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Carpenter Technology is operating at the current time. Most of Carpenter Technology's value examination focuses on studying past and present price action to
predict the probability of Carpenter Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Carpenter Technology's price. Additionally, you may evaluate how the addition of Carpenter Technology to your portfolios can decrease your overall portfolio volatility.