CMI Debt-to-Equity Ratio Analysis

The debt-to-equity ratio compares a company’s total liabilities to shareholders’ equity, showing how much debt it uses to finance assets relative to owner capital.

At 0.62x, CMI carries $0.62 of debt for every $1.00 of equity, a level below the sector median of 0.74x, placing it in the 43rd percentile among peers. The metric is stable over the last eight quarters, with the latest reading of 0.62x up only 3.3% from the prior quarter’s 0.60x; a year-over-year change is not available. That combination — a moderate debt load that is neither rising nor falling sharply — implies limited financial risk from leverage, but also no clear advantage over peers that use more or less debt. This level and trend support the overall NEUTRAL verdict, as the ratio neither signals a red flag nor points to a distinctive opportunity.

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