US Concrete's debt-to-equity ratio has reached a stretched 1.9 following a number of acquisitions that have boosted growth and boosted its stock price. The company said it expects to report an adjusted net income for the first quarter ending in March of $US1.02 billion ($A$1.027 billion), up from A$1.095 billion (@@ Most of the acquisitions were financed with debt with some stock issuance. Its shares trade at $66, for a price-to-book ratio of six and a trailing price-to-earnings ratio of 39.
US Concrete's debt-to-equity ratio has reached a stretched 1.9 following a number of acquisitions that have boosted growth and boosted its stock price. The company made 17 acquisitions in 2014 and 2015, adding mixer plants and truck assets. Most of the acquisitions were financed with debt with some stock issuance. Its shares trade at $66, for a price-to-book ratio of six and a trailing price-to-earnings ratio of 39.