United States Steel Corporation (X)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $11,047,000K
= 0.00
The debt-to-equity ratio of United States Steel Corp. has shown a declining trend from 2019 to 2023, indicating a reduction in financial leverage over the years. In 2019, the ratio was at its highest at 1.29, reflecting a higher proportion of debt relative to equity. However, the company managed to decrease this ratio to 0.38 by the end of 2023, demonstrating a stronger financial position with lower reliance on debt financing compared to equity. This improvement suggests that United States Steel Corp. may have focused on reducing its debt levels or increasing its equity base, which could enhance its stability and ability to weather economic downturns. Overall, the declining trend in the debt-to-equity ratio implies a positive shift towards a more balanced capital structure.
Peer comparison
Dec 31, 2023