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 $3.0B, which brings its debt-to-equity ratio to 33.2%. Its total assets and total liabilities are $15.1B and $5.9B respectively. Steel Dynamics's EBIT is $2.6B making its interest coverage ratio 44.3. It has cash and short-term investments of $1.2B.
Key information
33.2%
Debt to equity ratio
US$3.03b
Debt
| Interest coverage ratio | 44.3x |
| Cash | US$1.25b |
| Equity | US$9.12b |
| Total liabilities | US$5.94b |
| Total assets | US$15.06b |
Recent financial health updates
Steel Dynamics (NASDAQ:STLD) Seems To Use Debt Quite Sensibly
Sep 16
Here's Why Steel Dynamics (NASDAQ:STLD) Can Manage Its Debt Responsibly
May 14Is Steel Dynamics (NASDAQ:STLD) Using Too Much Debt?
Dec 20Here'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 05Recent updates
Steel 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 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 09Financial Position Analysis
Short Term Liabilities: STLD's short term assets ($6.2B) exceed its short term liabilities ($2.7B).
Long Term Liabilities: STLD's short term assets ($6.2B) exceed its long term liabilities ($3.3B).
Debt to Equity History and Analysis
Debt Level: STLD's net debt to equity ratio (19.5%) is considered satisfactory.
Reducing Debt: STLD's debt to equity ratio has reduced from 60% to 33.2% over the past 5 years.
Debt Coverage: STLD's debt is well covered by operating cash flow (89.7%).
Interest Coverage: STLD's interest payments on its debt are well covered by EBIT (44.3x coverage).