Steel Dynamics Inc (STLD)

Current 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 current assets	US$ in thousands	5,431,340	6,443,580	6,239,010	6,597,440	6,787,830	7,228,600	7,396,060	7,562,560	7,638,020	7,813,440	7,756,010	7,149,640	6,901,020	5,987,570	5,265,110	4,896,910	4,258,450	3,854,900	4,016,120	4,142,970
Total current liabilities	US$ in thousands	2,150,580	2,692,300	2,655,950	2,298,660	2,332,300	1,918,380	1,759,040	1,820,550	2,032,300	2,131,400	2,201,870	2,090,650	2,227,370	2,054,290	1,852,240	1,661,190	1,258,790	1,175,630	1,115,430	1,031,720
Current ratio		2.53	2.39	2.35	2.87	2.91	3.77	4.20	4.15	3.76	3.67	3.52	3.42	3.10	2.91	2.84	2.95	3.38	3.28	3.60	4.02

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $5,431,340K ÷ $2,150,580K
= 2.53

The current ratio of Steel Dynamics Inc has fluctuated over the past few years. As of December 31, 2024, the current ratio stood at 2.53, indicating that the company had $2.53 in current assets for every $1 in current liabilities. This suggests that the company may have faced challenges in meeting its short-term obligations at that point in time.

It is worth noting that the current ratio peaked at 4.20 on June 30, 2023, which indicates a strong ability to cover short-term liabilities with current assets. However, the ratio declined in the following periods, reaching a low of 2.35 on June 30, 2024, before slightly recovering to 2.53 by December 31, 2024.

Overall, while the current ratio of Steel Dynamics Inc has shown some variability, it is important for investors and stakeholders to monitor these fluctuations to assess the company's liquidity position and ability to meet its short-term obligations.