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Compass Minerals International, Inc. (CMP)

NYSE - NYSE Delayed Price. Currency in USD
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62.79-0.50 (-0.79%)
At close: 4:00PM EST
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  • Compass Minerals Provides Fourth-Quarter Snow Data and Update on Salt Segment Sales
    Business Wire

    Compass Minerals Provides Fourth-Quarter Snow Data and Update on Salt Segment Sales

    Compass Minerals (NYSE: CMP), a leading global provider of essential minerals, reported today that fourth-quarter 2020 winter weather activity in its North American-served market was below fourth-quarter 2019 levels but in-line with the 10-year historic average. While winter weather in the fourth quarter of 2020 was average throughout most of its North American market, the Chicago to Milwaukee corridor experienced a minimal number of snow events, with just three for the entire period. Due to the timing of the majority of snow events falling late in the fourth quarter of 2020, the company anticipates the full effect of related salt sales to be realized during the first quarter of 2021 as customers begin to replenish inventories.

  • Benzinga

    Compass Minerals Intl's Debt Overview

    Shares of Compass Minerals Intl (NYSE: CMP) moved higher by 3.11% in the past three months. Before having a look at the importance of debt, let us look at how much debt Compass Minerals Intl has.Compass Minerals Intl's Debt According to the Compass Minerals Intl's most recent balance sheet as reported on November 5, 2020, total debt is at $1.36 billion, with $1.29 billion in long-term debt and $72.80 million in current debt. Adjusting for $34.10 million in cash-equivalents, the company has a net debt of $1.33 billion.Let's define some of the terms we used in the paragraph above. Current debt is the portion of a company's debt which is due within 1 year, while long-term debt is the portion due in more than 1 year. Cash equivalents include cash and any liquid securities with maturity periods of 90 days or less. Total debt equals current debt plus long-term debt minus cash equivalents.To understand the degree of financial leverage a company has, shareholders look at the debt ratio. Considering Compass Minerals Intl's $2.16 billion in total assets, the debt-ratio is at 0.63. Generally speaking, a debt-ratio more than one means that a large portion of debt is funded by assets. As the debt-ratio increases, so the does the risk of defaulting on loans, if interest rates were to increase. Different industries have different thresholds of tolerance for debt-ratios. A debt ratio of 25% might be higher for one industry and average for another.Why Shareholders Look At Debt? Debt is an important factor in the capital structure of a company, and can help it attain growth. Debt usually has a relatively lower financing cost than equity, which makes it an attractive option for executives.Interest-payment obligations can impact the cash-flow of the company. Equity owners can keep excess profit, generated from the debt capital, when companies use the debt capital for its business operations.Looking for stocks with low debt-to-equity ratios? Check out Benzinga Pro, a market research platform which provides investors with near-instantaneous access to dozens of stock metrics - including debt-to-equity ratio. Click here to learn more.See more from Benzinga * Click here for options trades from Benzinga * What Does Archer-Daniels Midland's Debt Look Like? * What Does Novavax's Debt Look Like?(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Is Compass Minerals International, Inc.'s (NYSE:CMP) ROE Of 26% Impressive?
    Simply Wall St.

    Is Compass Minerals International, Inc.'s (NYSE:CMP) ROE Of 26% Impressive?

    Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...