Nucor Corp (NUE)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets 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 | 0.00 | 0.00 |
| 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 | 0.00 | 0.00 |
| 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 | 0.00 | 0.00 |
| 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 |
Nucor Corp's solvency ratios show a consistently low level of debt in relation to its assets, capital, and equity over the reporting periods analyzed. The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio have all remained at 0.00, indicating that the company has not used significant external debt to finance its operations.
The Financial leverage ratio, which measures the extent to which a company is using debt to finance its operations, has shown a decreasing trend from 1.76 in March 2020 to 1.67 in December 2024. This suggests that Nucor Corp has been reducing its reliance on debt financing over time, which is a positive sign for the company's long-term solvency.
Overall, based on the solvency ratios provided, Nucor Corp appears to have a strong financial position with low debt levels relative to its assets, capital, and equity. This indicates the company's ability to meet its financial obligations and suggests a stable and healthy solvency position.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 23.71 | 23.74 | 22.82 | 41.04 | 57.58 | 64.65 | 90.57 | 66.37 | 61.32 | 64.72 | 67.18 | 67.13 | 58.52 | 42.12 | 26.35 | 14.32 | 8.62 | 8.80 | 9.81 | 12.48 |
The interest coverage ratio of Nucor Corp shows the company's ability to pay interest expenses on its outstanding debt with its earnings before interest and taxes. Based on the data provided, we can observe fluctuations in Nucor's interest coverage over the past few years.
The interest coverage ratio decreased from 12.48 in March 2020 to 8.62 in December 2020, suggesting a decline in the company's ability to cover its interest expenses. However, there was a significant improvement in the interest coverage ratio from March 2021 to June 2023, indicating a strong ability to meet interest obligations.
The interest coverage ratio peaked at 90.57 in June 2023, reflecting a robust financial position and ability to comfortably cover interest expenses with operating earnings. Subsequently, there was a noticeable decline in the interest coverage ratio, falling to 41.04 in March 2024.
Overall, the interest coverage ratio of Nucor Corp has shown volatility but generally indicates the company's ability to meet its interest obligations. Investors and stakeholders should continue to monitor this ratio to assess Nucor's financial health and debt repayment capacity.