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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 Shiri Gupta

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%. Following is Schnitzer Steel 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 subscribers consider buying shares of Reliance Steel on June 11th, 2019 as our technology indicated a new Uptrend was in progress when shares hit $88.71. Since that recommendation, shares of Reliance Steel have risen 8.5%. We continue to monitor Reliance Steel for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

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

Ticker(s): HAYN SCHN TMST RS AP