These 4 Measures Indicate That Cummins (NYSE:CMI) Is Using Debt Reasonably Well [Yahoo! Finance]
Cummins Inc. (CMI)
Last cummins inc. earnings: 4/28 07:30 am
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investor.cummins.com/phoenix.zhtml?c=112916&p=irol-irhome
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Source: Yahoo! Finance
Cummins Inc. NYSE:CMI ) does carry debt. But the more important question is: how much risk is that debt creating? What Risk Does Debt Bring? Debt assists a business until the business has trouble paying it off, either with new capital or with free cash flow. If things get really bad, the lenders can take control of the business. However, a more usual (but still expensive) situation is where a company must dilute shareholders at a cheap share price simply to get debt under control. Of course, debt can be an important tool in businesses, particularly capital heavy businesses. The first step when considering a company's debt levels is to consider its cash and debt together. What Is Cummins's Debt? The chart below, which you can click on for greater detail, shows that Cummins had US$7.50b in debt in June 2024; about the same as the year before. However, it also had US$2.18b in cash, and so its net debt is US$5.32b. How Healthy Is Cummins' Balance Sheet? According to the last
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CMI
News
- EPA slaps manufacturer of car exhaust cheat devices with $2.9-million fine [Los Angeles Times (CA)]Los Angeles Times
- At US$302, Is It Time To Put Cummins Inc. (NYSE:CMI) On Your Watch List? [Yahoo! Finance]Yahoo! Finance
- Trimble and Platform Science pushed hard to get deal done before Vegas meeting [Yahoo! Finance]Yahoo! Finance
- Allison Partners With Cummins on Low-Emission Hybrid Transit Solution [Yahoo! Finance]Yahoo! Finance
- Did Jim Cramer Say Buy Cummins Inc (NYSE:CMI) Industrial Stock Before Rate Cuts? [Yahoo! Finance]Yahoo! Finance
CMI
Earnings
- 8/1/24 - Beat
CMI
Sec Filings
- 9/13/24 - Form 4/A
- 9/12/24 - Form 4
- 8/27/24 - Form 4
- CMI's page on the SEC website