Nucor Corp (NUE)

Interest coverage

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
Earnings before interest and tax (EBIT) (ttm) US$ in thousands 6,130,720 6,600,450 7,342,090 8,745,130 9,991,450 11,430,430 11,974,720 10,585,630 9,069,060 6,339,070 3,825,064 2,021,878 887,593 848,385 947,405 1,302,552 1,840,398 2,534,909 3,070,065 3,437,864
Interest expense (ttm) US$ in thousands 245,954 243,468 234,809 237,517 218,911 202,741 192,080 166,227 163,121 160,426 158,799 159,987 166,613 166,348 164,788 167,892 157,358 160,684 164,752 158,140
Interest coverage 24.93 27.11 31.27 36.82 45.64 56.38 62.34 63.68 55.60 39.51 24.09 12.64 5.33 5.10 5.75 7.76 11.70 15.78 18.63 21.74

December 31, 2023 calculation

Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $6,130,720K ÷ $245,954K
= 24.93

The interest coverage ratio for Nucor Corp. in Q4 2023 was not provided. However, based on the available data, we can see that the interest coverage ratio has fluctuated over the past eight quarters.

In Q3 2023, the interest coverage ratio was significantly high at 248.29, indicating that Nucor Corp. had more than enough earnings to cover its interest expenses. This strong performance suggests a healthy financial position and lower financial risk.

In the preceding quarters, the interest coverage ratios ranged from 66.90 to 67.87, remaining relatively stable and above average. This consistency indicates that Nucor Corp. has been able to consistently generate earnings to comfortably meet its interest obligations.

Overall, the trend in Nucor Corp.'s interest coverage ratio demonstrates a strong ability to pay interest expenses from its operating income, reflecting a solid financial standing and efficient management of its debt obligations.


Peer comparison

Dec 31, 2023