Steel Dynamics (STLD) Debt Metrics
Market Cap: $18.42B
Avg Volume: 1.85M
Industry: Steel
Sector: Basic Materials
How much debt does Steel Dynamics have?
According to Steel Dynamics's latest annual financial reports, the company's debt profile is as follows:
Total Debt and Liabilities
Steel Dynamics's total debt stands at $3.23B. This is broken down into:
- Long-term debt: $2.80B
- Short-term debt: $426.99M
The company's net debt, which accounts for cash and cash equivalents, is $2.64B. In terms of overall financial obligations, Steel Dynamics's total liabilities amount to $5.99B.
Debt Ratios and Metrics
To better understand Steel Dynamics's debt position, we can look at several key ratios:
- Debt to Equity Ratio: 0.36 - this indicates the proportion of equity and debt the company uses to finance its assets.
- Debt Ratio: 21.63% - this shows the proportion of a company's assets that are financed through debt.
- Interest Coverage Ratio: 34.48 - this measures how easily a company can pay interest on its outstanding debt.
- Long-term Debt to Capitalization: 23.89% - this shows the proportion of long-term debt in the company's capital structure.
- Total Debt to Capitalization: 26.56% - this indicates the total debt in the company's capital structure.
These metrics provide insight into Steel Dynamics's financial leverage and its ability to meet financial obligations. For a comprehensive understanding of the company's financial health, it's important to consider these debt metrics alongside other financial indicators and industry benchmarks.
Total Debt
$3.23B
Long-term Debt
$2.80B
Short-term Debt
$426.99M
Net Debt
$2.64B
Total Liabilities
$5.99B
Interest Coverage
34.48
Debt to Equity Ratio
0.36
Debt Ratio
21.63%
Steel Dynamics Historical Debt Metrics
Steel Dynamics Historical Debt
The table below shows various debt metrics for each year, with the latest data available for the last fiscal year 2024.
| Year | Total Debt | Long-term Debt | Short-term Debt | Net Debt | Total Liabilities | Debt to Equity | Debt Ratio | Interest Coverage | Long-term Debt to Capitalization | Total Debt to Capitalization |
|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $3.23B | $2.80B | $426.99M | $2.64B | $5.99B | 0.36 | 21.63% | 34.48 | 23.89% | 26.56% |
| 2023 | $3.20B | $2.72B | $480.99M | $1.80B | $6.07B | 0.36 | 21.46% | 41.20 | 22.75% | 26.51% |
| 2022 | $3.07B | $3.11B | $57.33M | $1.44B | $6.06B | 0.38 | 21.68% | 55.63 | 27.04% | 27.41% |
| 2021 | $3.11B | $3.09B | $97.17M | $1.86B | $6.21B | 0.49 | 24.79% | 75.18 | 32.31% | 33.00% |
| 2020 | $3.10B | $3.09B | $86.89M | $1.73B | $4.92B | 0.71 | 33.49% | 8.93 | 40.97% | 41.66% |
| 2019 | $2.73B | $2.70B | $89.36M | $1.35B | $4.21B | 0.67 | 33.04% | 7.76 | 39.36% | 40.15% |
| 2018 | $2.38B | $2.35B | $24.23M | $1.55B | $3.82B | 0.60 | 30.85% | 13.60 | 37.41% | 37.66% |
| 2017 | $2.38B | $2.35B | $28.80M | $1.35B | $3.55B | 0.71 | 34.74% | 7.94 | 41.25% | 41.54% |
| 2016 | $2.36B | $2.35B | $3.63M | $1.52B | $3.54B | 0.81 | 36.69% | 4.98 | 44.57% | 44.60% |
| 2015 | $2.59B | $2.58B | $16.68M | $1.87B | $3.53B | 0.97 | 41.84% | -0.47 | 49.03% | 49.19% |
Related Metrics
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