Steel Dynamics Balance Sheet Health
Financial Health criteria checks 6/6
Steel Dynamics has a total shareholder equity of $8.8B and total debt of $3.1B, which brings its debt-to-equity ratio to 34.7%. Its total assets and total liabilities are $14.9B and $6.1B respectively. Steel Dynamics's EBIT is $3.2B making its interest coverage ratio 41.3. It has cash and short-term investments of $2.1B.
Key information
34.7%
Debt to equity ratio
US$3.07b
Debt
| Interest coverage ratio | 41.3x |
| Cash | US$2.12b |
| Equity | US$8.84b |
| Total liabilities | US$6.07b |
| Total assets | US$14.91b |
Recent financial health updates
Is Steel Dynamics (NASDAQ:STLD) Using Too Much Debt?
Dec 20
Here's Why Steel Dynamics (NASDAQ:STLD) Can Manage Its Debt Responsibly
Apr 10Here's Why Steel Dynamics (NASDAQ:STLD) Can Manage Its Debt Responsibly
Dec 29Steel Dynamics (NASDAQ:STLD) Seems To Use Debt Quite Sensibly
Sep 05Is Steel Dynamics (NASDAQ:STLD) Using Too Much Debt?
May 29Recent updates
Steel Dynamics (NASDAQ:STLD) Has Announced That It Will Be Increasing Its Dividend To $0.46
Mar 15Are Steel Dynamics, Inc. (NASDAQ:STLD) Investors Paying Above The Intrinsic Value?
Mar 08Lacklustre Performance Is Driving Steel Dynamics, Inc.'s (NASDAQ:STLD) Low P/E
Feb 09Steel Dynamics: The Aluminum Business May Be Tougher Than The Steel One
Jan 26Capital Investments At Steel Dynamics (NASDAQ:STLD) Point To A Promising Future
Jan 08Is Steel Dynamics (NASDAQ:STLD) Using Too Much Debt?
Dec 20Steel Dynamics (NASDAQ:STLD) Could Become A Multi-Bagger
May 27Here's Why Steel Dynamics (NASDAQ:STLD) Can Manage Its Debt Responsibly
Apr 10Investors Should Be Encouraged By Steel Dynamics' (NASDAQ:STLD) Returns On Capital
Feb 22Do Steel Dynamics' (NASDAQ:STLD) Earnings Warrant Your Attention?
Jan 11Here's Why Steel Dynamics (NASDAQ:STLD) Can Manage Its Debt Responsibly
Dec 29Steel Dynamics (NASDAQ:STLD) Could Become A Multi-Bagger
Nov 19Steel Dynamics Q3 2022 Earnings Preview
Oct 18Steel Dynamics: Long, Even With Relaxed Steel Prices
Oct 10Steel Dynamics: Competitive Energy Price Advantage For Foreseeable Future
Sep 29If EPS Growth Is Important To You, Steel Dynamics (NASDAQ:STLD) Presents An Opportunity
Sep 19Steel Dynamics rises as Q3 profit outlook beats estimates
Sep 15Steel Dynamics (NASDAQ:STLD) Seems To Use Debt Quite Sensibly
Sep 05Steel Dynamics declares $0.34 dividend
Aug 22Steel Dynamics, Inc. (NASDAQ:STLD) Shares Could Be 35% Below Their Intrinsic Value Estimate
Aug 09Steel Dynamics: Q2 Earnings, Combined Annualized Yield Of 16%
Jul 21Steel Dynamics: Reporting All-Time Record Results, Get A 12% Return
Jun 28Does Steel Dynamics (NASDAQ:STLD) Deserve A Spot On Your Watchlist?
Jun 20Is Steel Dynamics (NASDAQ:STLD) Using Too Much Debt?
May 29Financial Position Analysis
Short Term Liabilities: STLD's short term assets ($6.8B) exceed its short term liabilities ($2.3B).
Long Term Liabilities: STLD's short term assets ($6.8B) exceed its long term liabilities ($3.7B).
Debt to Equity History and Analysis
Debt Level: STLD's net debt to equity ratio (10.7%) is considered satisfactory.
Reducing Debt: STLD's debt to equity ratio has reduced from 61.1% to 34.7% over the past 5 years.
Debt Coverage: STLD's debt is well covered by operating cash flow (114.6%).
Interest Coverage: STLD's interest payments on its debt are well covered by EBIT (41.3x coverage).