Steel Dynamics Balance Sheet Health
Financial Health criteria checks 6/6
Steel Dynamics has a total shareholder equity of $9.0B and total debt of $3.0B, which brings its debt-to-equity ratio to 33.6%. Its total assets and total liabilities are $15.0B and $6.0B respectively. Steel Dynamics's EBIT is $3.1B making its interest coverage ratio 46.6. It has cash and short-term investments of $1.7B.
Key information
33.6%
Debt to equity ratio
US$3.04b
Debt
Interest coverage ratio | 46.6x |
Cash | US$1.69b |
Equity | US$9.05b |
Total liabilities | US$5.98b |
Total assets | US$15.03b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SD5's short term assets ($6.6B) exceed its short term liabilities ($2.3B).
Long Term Liabilities: SD5's short term assets ($6.6B) exceed its long term liabilities ($3.7B).
Debt to Equity History and Analysis
Debt Level: SD5's net debt to equity ratio (14.9%) is considered satisfactory.
Reducing Debt: SD5's debt to equity ratio has reduced from 61% to 33.6% over the past 5 years.
Debt Coverage: SD5's debt is well covered by operating cash flow (103.4%).
Interest Coverage: SD5's interest payments on its debt are well covered by EBIT (46.6x coverage).