Commercial Metals Company (CMC)
Debt-to-assets ratio
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 6,817,840 | 6,639,090 | 6,237,030 | 4,638,670 | 4,081,730 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
August 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $6,817,840K
= 0.00
The debt-to-assets ratio of Commercial Metals Company has consistently been 0.00 for the past five years, indicating that the company has not had any financial leverage through debt financing relative to its total assets during this period. This suggests that the company has been funding its operations primarily through equity or other non-debt sources. It may imply a strong financial position and lower financial risk since the company is not relying on borrowed funds for its operations. However, it is essential to consider other financial metrics and factors to assess the overall financial health and performance of the company.
Peer comparison
Aug 31, 2024