Is it safe?
Can CMC take a bad year?
Commercial Metals Company carries $2.84B of net debt at 2.75× EBITDA: a load its earnings can carry.
$2.84B
Net debt · as at Q3 2026 · between two and four years of EBITDA, normal for a stable business
- Net debt / EBITDA
- 2.75×
Net debt / EBITDA · 1.35× a year ago · the load is going up
- Debt / equity
- 0.75×
Debt / equity
- Annualised volatility
- 39%
Annualised volatility · roughly twice as jumpy as the market
Details›
- Total debtQ3 2026
- $3.40B
- Cash and short-term investments
- $563M
- Net debt
- $2.84B
- EBITDA, trailing twelve months
- $1.03B
- Operating profit, trailing twelve months
- $675M
- Debt / equity
- 0.75×
- Total debt / EBITDA
- 3.30×
- Annualised volatilitytwo years of daily moves
- 39%
- Worst drawdown on file
- −54%
- Below its 52-week high
- −18%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.