Nucor Corp (NUE)

Current ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Total current assets	US$ in thousands	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	8,226,370	8,684,290	8,467,200	8,650,340
Total current liabilities	US$ in thousands	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	2,463,770	2,585,990	2,380,410	2,568,020
Current ratio		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	3.34	3.36	3.56	3.37

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $16,385,900K ÷ $4,594,510K
= 3.57

Based on the provided data, Nucor Corp.'s current ratio has shown a generally increasing trend over the past eight quarters, reflecting the company's improving short-term liquidity position. The current ratio measures the company's ability to meet its short-term obligations with its current assets.

Specifically, the current ratio has ranged from 2.62 to 3.82 over the past two years. It reached its lowest point of 2.62 in Q2 2022 and has gradually increased since then. Notably, in the most recent quarter, Q4 2023, the current ratio stands at 3.57, indicating that Nucor Corp. has $3.57 in current assets for every $1 in current liabilities.

Overall, the upward trend in the current ratio signifies that Nucor Corp. has been effectively managing its current assets and liabilities, potentially enhancing its ability to cover short-term obligations. However, it is essential to consider additional factors and ratios to assess the company's overall financial health comprehensively.