Commercial Metals Co (Commercial Metals Co) Interest Expense : $-41 Mil (TTM As of Feb. 2024)

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What is Commercial Metals Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Commercial Metals Co's interest expense for the three months ended in Feb. 2024 was $ -12 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was $-41 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Commercial Metals Co's Operating Income for the three months ended in Feb. 2024 was $ 129 Mil. Commercial Metals Co's Interest Expense for the three months ended in Feb. 2024 was $ -12 Mil. Commercial Metals Co's Interest Coverage for the quarter that ended in Feb. 2024 was 10.84. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Commercial Metals Co Interest Expense Historical Data

The historical data trend for Commercial Metals Co's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Commercial Metals Co Interest Expense Chart

Commercial Metals Co Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Interest Expense

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-71.37

-61.84

-51.90

-50.71

-40.13

Commercial Metals Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Interest Expense	Get a 7-Day Free Trial															-9.95	-8.88	-8.26	-11.76	-11.88

Commercial Metals Co Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-41 Mil.

Commercial Metals Co (NYSE:CMC) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Commercial Metals Co's Interest Expense for the three months ended in Feb. 2024 was $-12 Mil. Its Operating Income for the three months ended in Feb. 2024 was $129 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2024 was $1,126 Mil.

Commercial Metals Co's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Feb. 2024 )	/	Interest Expense (Q: Feb. 2024 )
	=	-1	*	128.797	/	-11.878
	=	10.84

The higher the ratio, the stronger the company's financial strength is.

Commercial Metals Co (Commercial Metals Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Commercial Metals Co (NYSE:CMC) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

CMC1:Mexico CMS:Germany

Address

6565 North MacArthur Boulevard, Irving, TX, USA, 75039

Website

https://www.cmc.com

Commercial Metals Co operates steel mills, steel fabrication plants, and metal recycling facilities in the United States and manufactures rebar and structural steel, which are key product categories for the nonresidential construction sector. The Company has two reportable segments: North America and Europe.

Executives

Barbara Smith	director, officer: Chairman, President & CEO	6565 N. MACARTHUR BLVD., SUITE 800, IVING TX 75039
Stephen William Simpson	officer: SVP, N. American Steel Group	6565 NORTH MACARTHUR BLVD., SUITE 800, IRVING TX 75039
Peter R Matt	director	6565 N. MACARTHUR BLVD, STE 800, IRVING TX 75039
Lindsay L Sloan	officer: VP, Chief Accounting Officer	6565 N. MACARTHUR BLVD, STE 800, IRVING TX 75039
Ty L Garrison	officer: SVP Operations	6565 N. MACARTHUR BLVD, STE 800, IRVING TX 75039
Robert S Wetherbee	director	MINERALS TECHNOLOGIES INC, 622 THIRD AVENUE 38TH FL, NEW YORK NY 10017
John R Mcpherson	director	1200 URBAN CENTER DRIVE, BIRMINGHAM AL 35242
Tracy L Porter	officer: EVP & Chief Operating Officer	6565 N. MACARTHUR BLVD., SUITE 800, IRVING TX 75039
Gary E Mccullough	director	231 N. MARTINGALE ROAD, SCHAUMBURG IL 60173
Jody K Absher	officer: VP General Counsel & Corp Sec	6565 N. MACARTHUR BLVD, STE 800, IRVING TX 75039
Paul James Lawrence	officer: VP & Chief Financial Officer	6565 N. MACARTHUR BLVD., SUITE 800, IRVING TX 75039
Adam R Hickey	officer: VP & Chief Accounting Officer	6565 N. MACARTHUR BLVD., SUITE 800, IRVING TX 75039
Lisa M Barton	director	AMERICAN ELECTRIC POWER COMPANY, INC., 1 RIVERSIDE PLAZA, COLUMBUS OH 43215
J David Smith	director	GMS INC., 100 CRESCENT CENTRE PARKWAY, SUITE 800, TUCKER GA 30084
Charles L Szews	director	6565 N. MACARTHUR BLVD., SUITE 800, IRVING TX 75039