Commercial Metals Co (Commercial Metals Co) Cash-to-Debt : 0.55 (As of Feb. 2024)

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What is Commercial Metals Co Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Commercial Metals Co's cash to debt ratio for the quarter that ended in Feb. 2024 was 0.55.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Commercial Metals Co couldn't pay off its debt using the cash in hand for the quarter that ended in Feb. 2024.

The historical rank and industry rank for Commercial Metals Co's Cash-to-Debt or its related term are showing as below:

CMC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.38 Max: 0.61
Current: 0.55

During the past 13 years, Commercial Metals Co's highest Cash to Debt Ratio was 0.61. The lowest was 0.04. And the median was 0.38.

CMC's Cash-to-Debt is ranked better than
57.7% of 617 companies
in the Steel industry
Industry Median: 0.43 vs CMC: 0.55

Commercial Metals Co Cash-to-Debt Historical Data

The historical data trend for Commercial Metals Co's Cash-to-Debt 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Commercial Metals Co Cash-to-Debt Chart

Commercial Metals Co Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Cash-to-Debt

Get a 7-Day Free Trial

0.16

0.50

0.47

0.45

0.51

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
Cash-to-Debt	Get a 7-Day Free Trial															0.44	0.41	0.51	0.61	0.55

Competitive Comparison of Commercial Metals Co's Cash-to-Debt

For the Steel subindustry, Commercial Metals Co's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Commercial Metals Co's Cash-to-Debt Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Commercial Metals Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Commercial Metals Co's Cash-to-Debt falls into.

Commercial Metals Co Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Commercial Metals Co's Cash to Debt Ratio for the fiscal year that ended in Aug. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	592.332	/	(40.513	+	1114.284)
	=	0.51

Commercial Metals Co's Cash to Debt Ratio for the quarter that ended in Feb. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	638.261	/	(35.588	+	1126.216)
	=	0.55

Commercial Metals Co (NYSE:CMC) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Commercial Metals Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Commercial Metals Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Commercial Metals Co (Commercial Metals Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Commercial Metals Co (NYSE:CMC) » Definitions » Cash-to-Debt

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