Steel Dynamics Inc (STLD)

Debt-to-capital 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
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	8,934,290	9,081,500	9,130,770	9,072,410	8,866,670	8,893,540	8,707,980	8,336,640	8,130,360	7,971,160	7,588,350	6,964,350	6,304,640	5,607,930	5,020,110	4,728,790	4,345,160	4,201,180	4,145,250	4,113,530
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

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 has consistently been reported as 0.00 across all quarters from March 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt as a significant portion of its capital structure during this period. A debt-to-capital ratio of 0.00 suggests that the company's capital structure is predominantly funded by equity rather than debt. This can be seen as a positive indicator of financial stability and a lower risk of financial distress related to debt obligations. Overall, Steel Dynamics Inc's conservative approach to debt management as reflected by its consistently low debt-to-capital ratio is noteworthy and may be viewed favorably by investors and creditors.