Nucor Corp (NUE)

Financial leverage ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Total assets	US$ in thousands	33,940,000	34,346,200	34,185,200	33,932,500	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
Total stockholders’ equity	US$ in thousands	20,294,000	20,472,900	20,723,500	20,693,700	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
Financial leverage ratio		1.67	1.68	1.65	1.64	1.69	1.67	1.67	1.70	1.76	1.81	1.88	1.88	1.84	1.86	1.88	1.85	1.87	1.89	1.84	1.76

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 shown some fluctuations over the periods provided. The ratio was relatively stable around the range of 1.76 to 1.89 from March 2020 to June 2021. There was a slight increase in the ratio to 1.88 by June 2021 before decreasing to 1.84 by December 2021.

From December 2021 to March 2024, the financial leverage ratio continued to show some variability, fluctuating between 1.64 and 1.88, with some periods of stabilization. The ratio decreased to 1.64 by March 2024, before slightly increasing to 1.68 by September 2024.

Overall, Nucor Corp's financial leverage ratio ranged between 1.64 and 1.89 during the periods analyzed, indicating a moderate level of financial leverage throughout the timeframe. It is essential for the company to maintain an optimal level of leverage to ensure efficient capital structure management and financial stability.