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Commercial Metals Balance Sheet Health
Financial Health criteria checks 6/6
Commercial Metals has a total shareholder equity of $4.2B and total debt of $1.1B, which brings its debt-to-equity ratio to 24.8%. Its total assets and total liabilities are $6.7B and $2.5B respectively. Commercial Metals's EBIT is $1.1B making its interest coverage ratio 27.1. It has cash and short-term investments of $704.6M.
Key information
24.8%
Debt to equity ratio
US$1.05b
Debt
| Interest coverage ratio | 27.1x |
| Cash | US$704.60m |
| Equity | US$4.23b |
| Total liabilities | US$2.47b |
| Total assets | US$6.70b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CMS's short term assets ($3.2B) exceed its short term liabilities ($787.0M).
Long Term Liabilities: CMS's short term assets ($3.2B) exceed its long term liabilities ($1.7B).
Debt to Equity History and Analysis
Debt Level: CMS's net debt to equity ratio (8.2%) is considered satisfactory.
Reducing Debt: CMS's debt to equity ratio has reduced from 89.8% to 24.8% over the past 5 years.
Debt Coverage: CMS's debt is well covered by operating cash flow (117.3%).
Interest Coverage: CMS's interest payments on its debt are well covered by EBIT (27.1x coverage).