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Commercial Metals Company: Lower Steel Prices Placing Pressure On Net Sales (NYSE:CMC)

4 Mins read

Investment Thesis: I rate the stock as a Hold at this time.

Commercial Metals Company (NYSE:CMC) is best known as being the largest manufacturer of steel reinforcing bar in North America and Central Europe, and

Aug 2023 May 2024
Total current assets 3,144,155 3,239,628
Prepaid and other current assets 276,024 283,845
Net Inventories 1,035,582 1,075,176
Total current liabilities 843,714 764,954
Quick ratio 2.17 2.46

Aug 2023 May 2024
Long-term debt 1,114,284 1,137,602
Total assets 6,639,094 6,710,231
Long-term debt to total assets ratio 16.78% 16.95%

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