Core Molding Technologies (Core Molding Technologies) Debt-to-Equity : 0.17 (As of Dec. 2023)

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What is Core Molding Technologies Debt-to-Equity?

Core Molding Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1.5 Mil. Core Molding Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $21.5 Mil. Core Molding Technologies's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $139.0 Mil. Core Molding Technologies's debt to equity for the quarter that ended in Dec. 2023 was 0.17.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Core Molding Technologies's Debt-to-Equity or its related term are showing as below:

CMT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.19 Max: 0.62
Current: 0.17

During the past 13 years, the highest Debt-to-Equity Ratio of Core Molding Technologies was 0.62. The lowest was 0.07. And the median was 0.19.

CMT's Debt-to-Equity is ranked better than
68.29% of 1397 companies
in the Chemicals industry
Industry Median: 0.35 vs CMT: 0.17

Core Molding Technologies Debt-to-Equity Historical Data

The historical data trend for Core Molding Technologies's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Core Molding Technologies Debt-to-Equity Chart

Core Molding Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.62

0.30

0.22

0.17

Core Molding Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.22	0.20	0.18	0.17	0.17

Competitive Comparison of Core Molding Technologies's Debt-to-Equity

For the Specialty Chemicals subindustry, Core Molding Technologies's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Core Molding Technologies's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Core Molding Technologies's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Core Molding Technologies's Debt-to-Equity falls into.

Core Molding Technologies Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Core Molding Technologies's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1.468	+	21.519)	/	138.953
	=	0.17

Core Molding Technologies's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1.468	+	21.519)	/	138.953
	=	0.17

Core Molding Technologies (AMEX:CMT) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Core Molding Technologies Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Core Molding Technologies's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Core Molding Technologies (Core Molding Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Core Molding Technologies Inc (AMEX:CMT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

XQN:Germany

Address

800 Manor Park Drive, Columbus, OH, USA, 43228-0183

Website

https://www.coremt.com

Core Molding Technologies Inc operates in the engineered materials market as one operating segment as a molder of thermoplastic and thermoset structural products. It produces and sells molded products for varied markets, including medium and heavy-duty trucks, automobiles, power sports, construction and agriculture, building products, and other industrial markets. The processes include compression molding of sheet molding compound (SMC), resin transfer molding (RTM), liquid molding of dicyclopentadiene (DCPD), spray-up and hand-lay-up, direct long-fiber thermoplastics (D-LFT) and structural foam, and structural web injection molding (SIM). It operates in Columbus, Ohio, Columbus, and Batavia, Ohio; Gaffney, South Carolina; Winona, Minnesota; Matamoros and others.

Executives

John P Zimmer	officer: VP, Treasurer, Secretary & CFO	800 MANOR PARK DRIVE, COLUMBUS OH 43228
Renee R Anderson	officer: EVP, Human Resources	800 MANOR PARK DR, COLUMBUS OH 43228
Eric Palomaki	officer: Vice President of Operations	800 MANOR PARK DRIVE, COLUMBUS OH 43228
David L. Duvall	director, officer: Chief Executive Officer	800 MANOR PARK DRIVE, COLUMBUS OH 43228
Thomas R Cellitti	director	493 S KENILWORTH AVENUE, ELMHURST IL 60126
Ralph O Hellmold	director
Matthew Jauchius	director	800 MANOR PARK DRIVE, COLUMBUS OH 43228
James C Highfield	officer: EVP, Sales and Marketing	800 MANOR PARK DRIVE, COLUMBUS OH 43228
Andrew O Smith	director	800 MANOR PARK DRIVE, COLUMBUS OH 43228
James F Crowley	director
Sandra Lee Kowaleski	director	800 MANOR PARK DRIVE, COLUMBUS OH 43228
James L Simonton	director
Robert P Price	officer: Vice President of Operations	800 MANOR PARK DRIVE, COLUMBUS OH 43228
Terrence James O'donovan	officer: VP, Marketing and Sales	800 MANOR PARK DRIVE, COLUMBUS OH 43228
Kevin L Barnett	director, officer: President and CEO