Commercial Metals Company (CMC)
Debt-to-assets ratio
| Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 6,817,840 | 6,710,230 | 6,662,260 | 6,695,170 | 6,639,090 | 6,639,090 | 6,639,090 | 6,639,090 | 6,237,030 | 6,103,700 | 5,504,220 | 4,725,260 | 4,638,670 | 4,391,080 | 4,064,040 | 4,016,670 | 4,081,730 | 3,954,890 | 3,907,940 | 3,808,350 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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
Commercial Metals Company has consistently reported a debt-to-assets ratio of 0.00 across multiple reporting periods. This indicates that the company has not been using debt to finance its assets, suggesting a low level of financial risk and a strong financial position. The absence of debt in relation to assets may imply that the company has been funding its operations and investments through equity or other forms of financing. While a debt-to-assets ratio of 0.00 could imply a conservative financial strategy, it is essential to consider other financial metrics and qualitative factors to gain a comprehensive understanding of the company's overall financial health and performance.
Peer comparison
Aug 31, 2024