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
Does Commercial Metals (NYSE:CMC) Have A Healthy Balance Sheet?
Nov 20
Is Commercial Metals (NYSE:CMC) Using Too Much Debt?
Jul 18These 4 Measures Indicate That Commercial Metals (NYSE:CMC) Is Using Debt Reasonably Well
Apr 19Commercial Metals (NYSE:CMC) Has A Pretty Healthy Balance Sheet
Jan 04Is Commercial Metals (NYSE:CMC) A Risky Investment?
Sep 26Recent updates
Commercial Metals (NYSE:CMC) Will Pay A Larger Dividend Than Last Year At $0.18
Mar 23Improved Earnings Required Before Commercial Metals Company (NYSE:CMC) Shares Find Their Feet
Feb 07Commercial Metals (NYSE:CMC) Has Announced A Dividend Of $0.16
Jan 09Commercial Metals Company: Strong Enough, Even As Peak Profits Normalize
Jan 01Does Commercial Metals (NYSE:CMC) Have A Healthy Balance Sheet?
Nov 20Calculating The Intrinsic Value Of Commercial Metals Company (NYSE:CMC)
Oct 31Commercial Metals Looking More Interesting After A 25% Pullback
Oct 16Commercial Metals (NYSE:CMC) Has Affirmed Its Dividend Of $0.16
Oct 13Commercial Metals Company: Still Going Strong
Oct 01Commercial Metals: The Rising Star In A Dynamic Market
Jul 19Is Commercial Metals (NYSE:CMC) Using Too Much Debt?
Jul 18Commercial Metals Company: Rock Solid
Jun 26These 4 Measures Indicate That Commercial Metals (NYSE:CMC) Is Using Debt Reasonably Well
Apr 19Is Now The Time To Put Commercial Metals (NYSE:CMC) On Your Watchlist?
Apr 03A Look At The Intrinsic Value Of Commercial Metals Company (NYSE:CMC)
Mar 20Commercial Metals declares $0.16 dividend
Jan 05Commercial Metals (NYSE:CMC) Has A Pretty Healthy Balance Sheet
Jan 04With EPS Growth And More, Commercial Metals (NYSE:CMC) Makes An Interesting Case
Dec 20Commercial Metals Company Rose 40% In The Last 12 Months; Will Continue To Surge
Oct 30Commercial Metals (NYSE:CMC) Is Increasing Its Dividend To $0.16
Oct 15Commercial Metals raises dividend by 14% to $0.16/share
Oct 11Commercial Metals Company (NYSE:CMC) Shares Could Be 34% Below Their Intrinsic Value Estimate
Oct 10Is Commercial Metals (NYSE:CMC) A Risky Investment?
Sep 26Commercial Metals Company: Very Impressive
Sep 09With EPS Growth And More, Commercial Metals (NYSE:CMC) Makes An Interesting Case
Jul 21Commercial Metals Company (NYSE:CMC) Shares Could Be 35% Below Their Intrinsic Value Estimate
Jul 08Commercial Metals Company: Risks Of A Recession Outweigh The Rewards
Jun 18Commercial Metals Company: A Value Stock With Growth Potential
Apr 03Financial Position Analysis
Short Term Liabilities: CMC's short term assets ($3.2B) exceed its short term liabilities ($762.5M).
Long Term Liabilities: CMC's short term assets ($3.2B) exceed its long term liabilities ($1.7B).
Debt to Equity History and Analysis
Debt Level: CMC's net debt to equity ratio (9.8%) is considered satisfactory.
Reducing Debt: CMC's debt to equity ratio has reduced from 93.4% to 24.9% over the past 5 years.
Debt Coverage: CMC's debt is well covered by operating cash flow (107.9%).
Interest Coverage: CMC's interest payments on its debt are well covered by EBIT (23x coverage).