Nucor Corp (NUE)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 12,475,000 | 16,385,900 | 14,691,700 | 12,799,600 | 9,488,660 |
| Total current liabilities | US$ in thousands | 4,977,000 | 4,594,510 | 4,329,740 | 5,157,410 | 2,627,860 |
| Current ratio | 2.51 | 3.57 | 3.39 | 2.48 | 3.61 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $12,475,000K ÷ $4,977,000K
= 2.51
The current ratio of Nucor Corp has shown some fluctuations over the past five years. In December 2020, the current ratio was 3.61, indicating a strong ability to cover its short-term obligations with current assets. However, by December 2021, the current ratio decreased to 2.48, indicating a potential decrease in liquidity and ability to meet short-term obligations.
There was a recovery seen by December 2022, with the current ratio improving to 3.39, suggesting an enhanced liquidity position. This positive trend continued into December 2023, where the current ratio further increased to 3.57, reflecting a strengthened ability to cover short-term liabilities.
However, by December 2024, the current ratio fell again to 2.51, indicating a slight decline in liquidity compared to the previous year. Overall, Nucor Corp's current ratio has shown variability over the past five years, with periods of both improvement and decline in its short-term liquidity position.
Peer comparison
Dec 31, 2024