Nucor Corp (NUE)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 33,940,000 | 35,340,500 | 32,479,200 | 25,823,100 | 20,125,400 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $33,940,000K
= 0.00
The debt-to-assets ratio for Nucor Corp has remained consistently at 0.00 for the past five years, from December 31, 2020, to December 31, 2024. This indicates that Nucor Corp has not utilized debt significantly to finance its operations or acquisitions during this period. A debt-to-assets ratio of 0.00 suggests that the company's assets are entirely financed by equity rather than debt, which may indicate a strong financial position and low financial risk. However, it is important to note that a very low debt-to-assets ratio could also imply missed opportunities for leveraging debt financing for potential growth or expansion.
Peer comparison
Dec 31, 2024