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 24.9%. Its total assets and total liabilities are $6.7B and $2.4B respectively. Commercial Metals's EBIT is $936.6M making its interest coverage ratio 23. It has cash and short-term investments of $638.3M.
Key information
24.9%
Debt to equity ratio
US$1.05b
Debt
| Interest coverage ratio | 23x |
| Cash | US$638.26m |
| Equity | US$4.22b |
| Total liabilities | US$2.44b |
| Total assets | US$6.66b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CMC1 *'s short term assets ($3.2B) exceed its short term liabilities ($762.5M).
Long Term Liabilities: CMC1 *'s short term assets ($3.2B) exceed its long term liabilities ($1.7B).
Debt to Equity History and Analysis
Debt Level: CMC1 *'s net debt to equity ratio (9.8%) is considered satisfactory.
Reducing Debt: CMC1 *'s debt to equity ratio has reduced from 93.4% to 24.9% over the past 5 years.
Debt Coverage: CMC1 *'s debt is well covered by operating cash flow (107.9%).
Interest Coverage: CMC1 *'s interest payments on its debt are well covered by EBIT (23x coverage).