Steel Dynamics Inc (STLD)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 8,934,290 | 8,866,670 | 8,130,360 | 6,304,640 | 4,345,160 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $8,934,290K)
= 0.00
The debt-to-capital ratio for Steel Dynamics Inc from December 31, 2020, to December 31, 2024, remained consistently at 0.00. This indicates that the company has not used any debt to finance its operations or investments during this period. A debt-to-capital ratio of 0.00 implies that the company's capital structure is entirely equity-funded, which may suggest a conservative approach to financial leverage. However, it is important to note that a very low or zero debt-to-capital ratio may also mean missed opportunities for leveraging debt financing for potential growth or tax benefits. It would be beneficial for stakeholders to closely monitor Steel Dynamics Inc's capital structure decisions and overall financial health over time.
Peer comparison
Dec 31, 2024