• Carpenter Technology average debt/equity ratio for 2024 was 0.43, a 12.24% decline from 2023.
• Carpenter Technology average debt/equity ratio for 2023 was 0.49, a 5.77% decline from 2022.
• Carpenter Technology average debt/equity ratio for 2022 was 0.52, a 1.96% decline from 2021.

Debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity.