Texas Industries Inc. Jan 12
Standard & Poors, January 2012
Abstract
Leading position in two large cement markets with good long term demand characteristics; and Adequate liquidity profile supported by cash and committed borrowing capacity and negligible near-term maturities. Cyclically low demand and weak pricing for the company's commodity products; A high debt balance and EBITDA that is at a cyclical low, which leads to our assessment of its financial risk profile as "highly leveraged;" and High expansion and maintenance capital needs. The rating on Dallas-based Texas Industries Inc. reflects Standard & Poor's Ratings Services assessment of the cement and aggregates company's financial risk profile as "highly leveraged" and business risk profile as "weak" (as our criteria define these terms). Our highly leveraged financial risk assessment acknowledges risks associated with the...
Companies mentioned in this report are: Texas Industries Inc.
Action: Review
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Research Type: Full Analysis
Texas Industries Inc.
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