Commercial Metals Company (CMC)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 4,222,450 | 4,229,740 | 4,120,870 | 4,023,380 | 3,782,960 | 3,584,000 | 3,286,200 | 3,141,940 | 2,869,720 | 2,485,960 | 2,294,880 | 2,156,370 | 2,009,260 | 1,934,690 | 1,889,200 | 1,800,450 | 1,757,840 | 1,701,500 | 1,623,860 | 1,564,000 |
| Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $4,222,450K)
= 0.00
The debt-to-capital ratio of Commercial Metals Company has consistently been reported as 0.00 in the financial statements across multiple periods. This indicates that the company has not taken on any debt relative to its capital structure during these periods. A debt-to-capital ratio of 0.00 implies that the company's capital is entirely funded by equity rather than debt. This can be a positive sign for investors and creditors as it suggests lower financial risk and potential for greater financial stability. It is important to note that the absence of debt in the capital structure may also limit the company's ability to take advantage of tax benefits associated with debt financing or to leverage its investments for potential growth opportunities.
Peer comparison
Feb 29, 2024