Nucor Corp (NUE)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 33,940,000 | 35,340,500 | 32,479,200 | 25,823,100 | 20,125,400 |
| Total stockholders’ equity | US$ in thousands | 20,294,000 | 20,940,600 | 18,414,700 | 14,016,400 | 10,788,700 |
| Financial leverage ratio | 1.67 | 1.69 | 1.76 | 1.84 | 1.87 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $33,940,000K ÷ $20,294,000K
= 1.67
The financial leverage ratio of Nucor Corp has been gradually decreasing over the years, indicating a trend towards lower overall leverage. As of December 31, 2020, the ratio stood at 1.87, which declined to 1.67 by December 31, 2024. This suggests that the company is relying less on debt financing relative to its equity, which could result in reduced financial risk and improved financial stability. The decreasing trend in the financial leverage ratio reflects Nucor Corp's potential efforts to strengthen its financial position and enhance its long-term sustainability.
Peer comparison
Dec 31, 2024