Nucor Corp (NUE)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	20,940,600	20,465,700	19,953,700	19,017,400	18,414,700	17,708,500	16,808,600	15,204,600	14,016,400	13,422,500	12,254,000	11,447,200	10,788,700	10,302,400	10,194,800	10,168,200	10,357,900	10,449,000	10,300,700	10,114,200
Debt-to-capital 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	0.29	0.30

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $20,940,600K)
= 0.00

The debt-to-capital ratio of Nucor Corp. has shown a decreasing trend over the past two years, from 0.31 in Q1 2022 to 0.25 in Q4 2023. This indicates that Nucor Corp. has been reducing its reliance on debt to finance its operations and investments in relation to its capital structure. The consistent decrease in the ratio reflects the company's ability to manage its debt levels effectively. It is notable that the ratio has been relatively stable in the range of 0.25 to 0.31 in the most recent quarters, suggesting a balanced mix of debt and equity in Nucor Corp.'s capital structure. Overall, the decreasing trend in the debt-to-capital ratio indicates a positive financial position in terms of debt management for Nucor Corp.