Nucor Corp (NUE)

Current ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Total current assets	US$ in thousands	12,475,000	13,521,200	14,258,100	14,642,700	16,385,900	15,948,900	15,290,500	14,316,400	14,691,700	14,356,500	14,033,800	14,781,400	12,799,600	12,123,800	12,055,900	10,409,100	9,488,660	8,965,850	8,634,960	7,847,250
Total current liabilities	US$ in thousands	4,977,000	5,216,790	4,865,260	3,645,980	4,594,510	4,283,850	4,004,170	3,829,940	4,329,740	4,632,090	5,359,200	5,133,840	5,157,410	4,797,600	3,879,950	2,970,450	2,627,860	2,373,300	1,965,040	2,218,570
Current ratio		2.51	2.59	2.93	4.02	3.57	3.72	3.82	3.74	3.39	3.10	2.62	2.88	2.48	2.53	3.11	3.50	3.61	3.78	4.39	3.54

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 fluctuated over the time periods provided. It ranged from a high of 4.39 on June 30, 2020, to a low of 2.48 on December 31, 2021. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A higher current ratio indicates a stronger liquidity position, suggesting that the company is better positioned to meet its short-term obligations.

The current ratio peaked at 4.39 on June 30, 2020, indicating a strong liquidity position at that point in time. However, the ratio gradually declined over the following periods, reaching a low of 2.48 on December 31, 2021. This decline may raise concerns about the company's ability to cover its short-term liabilities with its current assets.

Subsequently, the current ratio showed some recovery, reaching 4.02 on March 31, 2024, indicating an improvement in liquidity compared to the previous periods. However, on June 30, 2024, the ratio dropped to 2.93, below the industry average, which might signal potential liquidity challenges for the company in the short term.

Overall, while the current ratio of Nucor Corp has shown fluctuations, it is essential for stakeholders to monitor this ratio closely to assess the company's liquidity position and short-term financial health.