Lowest Debt-to-Capital Ratio in the Steel Industry Detected in Shares of Haynes International (HAYN, AP, SYNL, TX, SCHN)
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 International ranks lowest with a a Debt-to-Capital ratio of 1.3%. Ampco-Pittsburgh is next with a a Debt-to-Capital ratio of 6.1%. Synalloy ranks third lowest with a a Debt-to-Capital ratio of 21.6%.
Ternium follows with a a Debt-to-Capital ratio of 24.6%, and Schnitzer Steel Industries rounds out the bottom five with a a Debt-to-Capital ratio of 29.8%.
SmarTrend recommended that subscribers consider buying shares of Schnitzer Steel Industries on June 8th, 2016 as our technology indicated a new Uptrend was in progress when shares hit $17.51. Since that recommendation, shares of Schnitzer Steel Industries have risen 19.1%. We continue to monitor Schnitzer Steel Industries for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: lowest debt-to-capital ratio haynes international ampco-pittsburgh synalloy ternium schnitzer steel industries