Steel Dynamics Inc (STLD)

Debt-to-equity ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	2,611,070	3,009,010	3,010,830	3,014,360	3,013,240	3,012,120	3,011,120	3,010,110	3,008,700	3,019,180	3,016,490	3,016,200	3,015,780	2,636,620	2,636,720	2,646,010	2,644,990	2,355,240	2,355,920	2,354,430
Total stockholders’ equity	US$ in thousands	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	4,075,830	4,056,640	4,064,490	4,008,110
Debt-to-equity ratio		0.29	0.34	0.35	0.36	0.37	0.38	0.40	0.43	0.48	0.54	0.60	0.64	0.69	0.63	0.64	0.64	0.65	0.58	0.58	0.59

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,611,070K ÷ $8,866,670K
= 0.29

The debt-to-equity ratio for Steel Dynamics Inc. has shown a consistent trend over the past eight quarters. The ratio has been relatively stable, maintaining a range between 0.35 and 0.44. This indicates that the company has been managing its debt and equity levels effectively.

A ratio of 0.35 to 0.44 suggests that the company has a moderate level of debt compared to its equity. This can indicate a balanced capital structure, with a reasonable amount of leverage to support growth and operations without being excessively risky.

The slight increase in the ratio from Q1 2023 to Q4 2022 may warrant further investigation to understand the factors contributing to the change. Overall, based on the historical trends, the debt-to-equity ratio for Steel Dynamics Inc. appears to be at a manageable level, reflecting a prudent approach to financing its operations.