United States Steel Corporation (X)

Debt-to-assets 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	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	US$ in thousands	20,451,000	20,395,000	20,309,000	19,540,000	19,458,000	19,958,000	19,858,000	19,224,000	17,816,000	17,333,000	16,084,000	14,689,000	12,059,000	11,731,000	12,551,000	12,366,000	11,608,000	10,917,000	11,291,000	11,152,000
Debt-to-assets 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, 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 remained relatively stable over the past eight quarters, ranging from 0.20 to 0.21. This ratio indicates that, on average, around 20-21% of the company's total assets are financed through debt. A higher debt-to-assets ratio generally implies higher financial risk, as the company is more reliant on debt to fund its operations and investments. However, in this case, the consistent and moderate level of the ratio suggests that United States Steel Corp. has been able to effectively manage its debt levels relative to its asset base. This stability in the ratio may indicate prudent financial management and a balanced approach to capital structure within the company.