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Haynes Intl Inc is Among the Companies in the Steel Industry With the Lowest Debt-to-Capital Ratio (HAYN, SCHN, TMST, RS, AP)

By Nick Russo

Below are the three companies in the Steel industry with the lowest Debt-to-Capital ratios. The debt-to-capital ratio is an important measure of how a company is financing its operations along with some insight into its financial strength, relative to other companies in its industry.

Haynes Intl Inc ranks lowest with a a Debt-to-Capital ratio of 231.1%. Schnitzer Steel is next with a a Debt-to-Capital ratio of 2,126.0%. Timkensteel ranks third lowest with a a Debt-to-Capital ratio of 2,276.9%.

Reliance Steel follows with a a Debt-to-Capital ratio of 2,880.3%, and Ampco-Pittsburgh rounds out the bottom five with a a Debt-to-Capital ratio of 2,902.5%.

SmarTrend recommended that its subscribers protect gains by selling shares of Ampco-Pittsburgh on June 20th, 2019 by issuing a Downtrend alert when the shares were trading at $3.82. Since that call, shares of Ampco-Pittsburgh have fallen 22.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: lowest debt-to-capital ratio haynes intl inc schnitzer steel timkensteel Reliance Steel ampco-pittsburgh