Steel Dynamics Balance Sheet Health
Financial Health criteria checks 6/6
Steel Dynamics has a total shareholder equity of $9.1B and total debt of $3.7B, which brings its debt-to-equity ratio to 40.6%. Its total assets and total liabilities are $15.7B and $6.6B respectively. Steel Dynamics's EBIT is $2.2B making its interest coverage ratio 34.3. It has cash and short-term investments of $1.7B.
Key information
40.6%
Debt to equity ratio
US$3.68b
Debt
| Interest coverage ratio | 34.3x |
| Cash | US$1.66b |
| Equity | US$9.08b |
| Total liabilities | US$6.58b |
| Total assets | US$15.66b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SD5's short term assets ($6.4B) exceed its short term liabilities ($2.7B).
Long Term Liabilities: SD5's short term assets ($6.4B) exceed its long term liabilities ($3.9B).
Debt to Equity History and Analysis
Debt Level: SD5's net debt to equity ratio (22.3%) is considered satisfactory.
Reducing Debt: SD5's debt to equity ratio has reduced from 60.3% to 40.6% over the past 5 years.
Debt Coverage: SD5's debt is well covered by operating cash flow (64.1%).
Interest Coverage: SD5's interest payments on its debt are well covered by EBIT (34.3x coverage).