Commercial Metals Company (CMC)
Debt-to-assets ratio
| 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 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 6,662,260 | 6,695,170 | 6,639,090 | 6,520,860 | 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 | 3,758,770 | 3,767,010 |
| 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 |
February 29, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $6,662,260K
= 0.00
The debt-to-assets ratio of Commercial Metals Company has consistently remained at 0.00 across multiple reporting periods. This indicates that the company has not used debt financing to fund its operations and investments during these periods. A debt-to-assets ratio of 0.00 implies that the company's total assets are entirely financed by equity, suggesting a strong financial position with no financial leverage. It may indicate either conservative financial management, ample cash reserves, or high profitability that does not necessitate additional debt. However, it's important to note that a 0.00 debt-to-assets ratio may not always be ideal as a small amount of debt can be beneficial for leveraging and tax advantages.
Peer comparison
Feb 29, 2024