Nucor Corp (NUE)

Debt-to-equity 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-equity 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	0.41	0.42

December 31, 2023 calculation

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

The debt-to-equity ratio of Nucor Corp. has been relatively stable over the past eight quarters. The ratio has ranged from 0.33 to 0.45 during this period, indicating that the company has maintained a conservative capital structure with a reasonable balance between debt and equity financing.

A lower debt-to-equity ratio suggests that Nucor relies more on equity financing rather than debt, which can be viewed positively as it signifies lower financial risk and greater financial stability. This can be attractive to investors and creditors as it indicates a lower probability of default.

Over the quarters analyzed, there has been a slight increase in the debt-to-equity ratio from 0.33 in Q4 2023 to 0.45 in Q1 2022. This upward trend may indicate that Nucor has been gradually increasing its reliance on debt financing compared to equity financing. While an increase in the ratio may raise concerns about the company's leverage, it is crucial to assess the absolute levels of debt and equity to fully understand the financial position and risk profile of Nucor.

Overall, Nucor Corp.'s debt-to-equity ratio suggests a prudent capital structure management strategy, but it is essential for investors and stakeholders to monitor any significant changes in the ratio to evaluate the company's financial health and risk exposure.