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
Is Steel Dynamics (NASDAQ:STLD) Using Too Much Debt?
Dec 18
Steel Dynamics (NASDAQ:STLD) Seems To Use Debt Quite Sensibly
Sep 16Here's Why Steel Dynamics (NASDAQ:STLD) Can Manage Its Debt Responsibly
May 14Recent updates
Is Steel Dynamics (NASDAQ:STLD) Using Too Much Debt?
Dec 18Benign Growth For Steel Dynamics, Inc. (NASDAQ:STLD) Underpins Its Share Price
Nov 07Shareholders Are Optimistic That Steel Dynamics (NASDAQ:STLD) Will Multiply In Value
Oct 04Steel Dynamics (NASDAQ:STLD) Seems To Use Debt Quite Sensibly
Sep 16Steel Dynamics, Inc. (NASDAQ:STLD) Looks Inexpensive But Perhaps Not Attractive Enough
Aug 06Capital Investments At Steel Dynamics (NASDAQ:STLD) Point To A Promising Future
Jun 30Steel Dynamics, Inc. (NASDAQ:STLD) Shares Could Be 49% Below Their Intrinsic Value Estimate
Jun 14Here's Why Steel Dynamics (NASDAQ:STLD) Can Manage Its Debt Responsibly
May 14Steel 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 08Financial Position Analysis
Short Term Liabilities: STLD's short term assets ($6.4B) exceed its short term liabilities ($2.7B).
Long Term Liabilities: STLD's short term assets ($6.4B) exceed its long term liabilities ($3.9B).
Debt to Equity History and Analysis
Debt Level: STLD's net debt to equity ratio (22.3%) is considered satisfactory.
Reducing Debt: STLD's debt to equity ratio has reduced from 60.3% to 40.6% over the past 5 years.
Debt Coverage: STLD's debt is well covered by operating cash flow (64.1%).
Interest Coverage: STLD's interest payments on its debt are well covered by EBIT (34.3x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 13:49 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Steel Dynamics, Inc. is covered by 40 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Ishan Majumdar | Baptista Research |
| David Gagliano | Barclays |
| Katja Jancic | BMO Capital Markets Equity Research |