Nucor Corp (NUE)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 4,234,310 | 4,233,790 |
| Total assets | US$ in thousands | 35,340,500 | 34,267,800 | 33,379,900 | 32,246,400 | 32,479,200 | 32,072,700 | 31,668,500 | 28,632,900 | 25,823,100 | 24,949,500 | 22,995,600 | 21,172,400 | 20,125,400 | 19,519,300 | 18,766,000 | 17,866,100 | 18,344,700 | 18,506,300 | 18,126,500 | 18,086,700 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.23 | 0.23 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $35,340,500K
= 0.00
The debt-to-assets ratio of Nucor Corp has shown a gradual decrease from 0.24 in Q1 2022 to 0.19 in Q4 2023. This decreasing trend indicates that the company has been successful in managing its debt levels in relation to its total assets over the past eight quarters.
A lower debt-to-assets ratio generally suggests that the company has a lower reliance on debt financing and a higher proportion of its assets are financed through equity. This can be viewed positively by investors and creditors as it indicates a healthier financial position and lower financial risk for the company.
Overall, the consistent improvement in Nucor Corp's debt-to-assets ratio over the past two years reflects effective management of debt and a strong balance sheet position.
Peer comparison
Dec 31, 2023