Commercial Metals Company (CMC)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
August 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $4,299,780K
= 0.00
The debt-to-equity ratio of Commercial Metals Company has remained consistently at 0.00 for the past five years, including the most recent data as of August 31, 2024. This indicates that the company has not utilized any debt financing to support its operations relative to its equity levels during this period. A debt-to-equity ratio of 0.00 implies that the company's debt obligations are either non-existent or significantly lower compared to its equity, suggesting a stronger financial position in terms of lower financial risk and reliance on debt financing. Additionally, a stable debt-to-equity ratio over the years may reflect a conservative financial strategy or successful management of financial leverage by the company.
Peer comparison
Aug 31, 2024