United States Steel Corporation (X)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 20,451,000 | 19,458,000 | 17,816,000 | 12,059,000 | 11,608,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $20,451,000K
= 0.00
The debt-to-assets ratio of United States Steel Corp. has shown fluctuations over the past five years. In 2023, the ratio stood at 0.21, which indicates that 21% of the company's assets were financed by debt. This ratio was slightly higher compared to the previous year's ratio of 0.20.
Looking back further, in 2021, the debt-to-assets ratio was 0.22, reflecting a slight increase from the previous year. The ratio significantly spiked in 2020 to 0.41, suggesting that 41% of the company's assets were funded through debt that year. However, the ratio improved in 2019 to 0.31, indicating a decrease in the proportion of assets financed by debt compared to 2020.
Overall, the debt-to-assets ratio of United States Steel Corp. has fluctuated over the years, with a noticeable decrease in 2023 compared to 2020. This ratio is an important indicator of the company's financial leverage and risk exposure related to debt financing.
Peer comparison
Dec 31, 2023