Commercial Metals Co (FRA:CMS) Debt-to-Equity : 0.28 (As of Feb. 2024)

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What is Commercial Metals Co Debt-to-Equity?

Commercial Metals Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was €33 Mil. Commercial Metals Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was €1,044 Mil. Commercial Metals Co's Total Stockholders Equity for the quarter that ended in Feb. 2024 was €3,914 Mil. Commercial Metals Co's debt to equity for the quarter that ended in Feb. 2024 was 0.28.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

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

FRA:CMS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.27 Med: 0.68 Max: 0.99
Current: 0.28

During the past 13 years, the highest Debt-to-Equity Ratio of Commercial Metals Co was 0.99. The lowest was 0.27. And the median was 0.68.

FRA:CMS's Debt-to-Equity is ranked better than
64.52% of 558 companies
in the Steel industry
Industry Median: 0.42 vs FRA:CMS: 0.28

Commercial Metals Co Debt-to-Equity Historical Data

The historical data trend for Commercial Metals Co's Debt-to-Equity 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 Debt-to-Equity Chart

Commercial Metals Co Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Debt-to-Equity

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0.77

0.57

0.47

0.46

0.28

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
Debt-to-Equity	Get a 7-Day Free Trial															0.36	0.29	0.28	0.27	0.28

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

For the Steel subindustry, Commercial Metals Co's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity Distribution in the Steel Industry

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

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

Commercial Metals Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(37.15	+	1021.798)	/	3778.841
	=	0.28

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(32.99	+	1044.002)	/	3914.208
	=	0.28

Commercial Metals Co (FRA:CMS) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Commercial Metals Co Debt-to-Equity Related Terms

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Commercial Metals Co (FRA:CMS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Commercial Metals Co (FRA:CMS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CMC:USA 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.