News

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%

Read the full article here

Related posts
News

FFLC: Measured Exposure For Growth With Valuation Discipline (BATS:FFLC)

1 Mins read
This article was written by Follow I am an individual investor. My main focus on investing is to achieve capital appreciation by…
News

Allspring Special Small Cap Value Fund Q2 2025 Commentary (ESPAX)

1 Mins read
This article was written by Follow Allspring is a company committed to thoughtful investing, purposeful planning, and the desire to elevate investing…
News

Allspring Emerging Markets Equity Advantage Fund Q2 2025 Commentary (undefined:EQIAX)

1 Mins read
This article was written by Follow Allspring is a company committed to thoughtful investing, purposeful planning, and the desire to elevate investing…
Get The Latest News

Subscribe to get the top fintech and
finance news and updates.

Leave a Reply

Your email address will not be published. Required fields are marked *