Steel Dynamics Inc (STLD)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 5,431,340 | 6,787,830 | 7,638,020 | 6,901,020 | 4,258,450 |
| Total current liabilities | US$ in thousands | 2,150,580 | 2,332,300 | 2,032,300 | 2,227,370 | 1,258,790 |
| Current ratio | 2.53 | 2.91 | 3.76 | 3.10 | 3.38 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $5,431,340K ÷ $2,150,580K
= 2.53
Steel Dynamics Inc's current ratio has shown some fluctuations over the past five years. From December 31, 2020, to December 31, 2022, the current ratio increased from 3.38 to 3.76, indicating a healthy ability to cover short-term liabilities with current assets. However, there was a notable decrease in the current ratio to 2.91 by the end of 2023, suggesting a potential strain on liquidity. The ratio further dropped to 2.53 by December 31, 2024, signaling a further reduction in the company's ability to meet its short-term obligations with current assets. Overall, while the current ratio for Steel Dynamics Inc has generally remained above 2 in the past years, the recent declines may warrant a closer examination of the company's liquidity position.
Peer comparison
Dec 31, 2024