Commercial Metals Company (CMC)

Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $4,222,450K
= 0.00

The debt-to-equity ratio of Commercial Metals Company has consistently been reported as 0.00 across multiple reporting periods, indicating that the company has no debt in relation to its equity. This suggests that the company has been funding its operations and investments primarily through equity financing rather than taking on debt. A debt-to-equity ratio of 0.00 could imply a conservative financial strategy, low financial risk, and a strong equity base. It may also suggest that the company has sufficient internal resources or access to capital markets to support its operations without relying on debt financing. However, it is important to note that a debt-to-equity ratio of 0.00 may also raise questions about the company's ability to leverage debt for potential growth opportunities or tax advantages. It is advisable to consider other financial metrics and contextual factors when evaluating the overall financial health and strategy of Commercial Metals Company.