Home Finance Commercial Metals: Lower steel prices put pressure on net sales (NYSE: CMC )

Commercial Metals: Lower steel prices put pressure on net sales (NYSE: CMC )

by Editorial Staff
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Steel workers at the working arc furnace

maki_shmaki/iStock through Getty Pictures

Funding Thesis: In the intervening time, I price the inventory as a Maintain.

Business metallurgical firm (NYSE: CMC) is finest generally known as the biggest producer of metal fittings in North America and Central Europe

August 2023Might 2024
Complete present property3,144,1553,239,628
Pay as you go and different working capital276,024283,845
Web shares1,035,5821,075,176
Complete present liabilities843714764,954
Fast ratio2.172.46

August 2023Might 2024
Lengthy-term debt1,114,2841,137,602
Combination property6,639,0946,710,231
The ratio of long-term debt to whole property16.78%16.95%

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