Commercial Metals Company (CMC)
Debt-to-capital ratio
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 4,299,780 | 4,120,870 | 3,286,200 | 2,294,880 | 1,889,200 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
August 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $4,299,780K)
= 0.00
The debt-to-capital ratio of Commercial Metals Company has consistently been reported as 0.00 over the past five years, from August 31, 2020, to August 31, 2024. This indicates that the company has not had any debt on its balance sheet during this period, relative to its total capital. A debt-to-capital ratio of 0.00 suggests that the company has been entirely financed by equity rather than debt, which can be seen as a positive sign of financial health and stability. However, it is important to note that a zero debt-to-capital ratio could also imply missed opportunities to leverage debt for potential growth or tax advantages. Overall, a consistently low or zero debt-to-capital ratio may indicate a conservative financial strategy by Commercial Metals Company.
Peer comparison
Aug 31, 2024