United States Steel Corporation (X)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 11,047,000 | 10,218,000 | 9,010,000 | 3,786,000 | 4,092,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $11,047,000K)
= 0.00
The debt-to-capital ratio of United States Steel Corp. has exhibited fluctuations over the past five years. The ratio decreased from 0.56 in 2020 to 0.47 in 2019, indicating an improvement in the company's financial leverage. However, in 2021, the ratio increased to 0.30, signifying a higher proportion of debt in the company's capital structure. In the most recent years, 2022 and 2023, the debt-to-capital ratio remained consistent at 0.28, suggesting that the company has maintained a stable debt level relative to its total capital over these periods. Overall, the trend in the debt-to-capital ratio indicates varying degrees of leverage employed by United States Steel Corp. in financing its operations and investments during the analyzed time frame.
Peer comparison
Dec 31, 2023