Chart Industries (Chart Industries) Debt-to-Equity : 1.48 (As of Mar. 2024)

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What is Chart Industries Debt-to-Equity?

Chart Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $278.80 Mil. Chart Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $3,783.90 Mil. Chart Industries's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $2,738.50 Mil. Chart Industries's debt to equity for the quarter that ended in Mar. 2024 was 1.48.

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 Chart Industries's Debt-to-Equity or its related term are showing as below:

GTLSpB.PFD' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.24 Med: 0.55 Max: 1.64
Current: 1.48

During the past 13 years, the highest Debt-to-Equity Ratio of Chart Industries was 1.64. The lowest was 0.24. And the median was 0.55.

GTLSpB.PFD's Debt-to-Equity is ranked worse than
93.06% of 2624 companies
in the Industrial Products industry
Industry Median: 0.29 vs GTLSpB.PFD: 1.48

Chart Industries Debt-to-Equity Historical Data

The historical data trend for Chart Industries'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.

Chart Industries Debt-to-Equity Chart

Chart Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.66

0.30

0.55

0.87

1.40

Chart Industries Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															1.64	1.64	1.58	1.40	1.48

Competitive Comparison of Chart Industries's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Chart Industries'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.

Chart Industries's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Chart Industries's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Chart Industries's Debt-to-Equity falls into.

Chart Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Chart Industries'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
	=	(277	+	3627.1)	/	2786.5
	=	1.40

Chart Industries's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(278.8	+	3783.9)	/	2738.5
	=	1.48

Chart Industries (NYSE:GTLSpB.PFD) 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.

Chart Industries Debt-to-Equity Related Terms

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

Chart Industries (Chart Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Chart Industries Inc (NYSE:GTLSpB.PFD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

GTLS:USA I3N:Germany

Address

2200 Airport Industrial Drive, Suite 100, Ball Ground, GA, USA, 30107

Website

https://www.chartindustries.com

Chart Industries provides a variety of cryogenic equipment for storage, distribution, and other processes within the industrial gas and liquefied natural gas (LNG) industries. It also provides natural gas processing solutions for the natural gas industry and specialty products that serve a variety of spaces, including hydrogen, biofuels, cannabis, and water treatment. The firm acquired Howden in a significant deal in early 2023, roughly doubling the size of the company.