United States Steel Corporation (X)
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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Total stockholders’ equity | US$ in thousands | 11,047,000 | 11,004,000 | 10,725,000 | 10,302,000 | 10,218,000 | 10,437,000 | 10,198,000 | 9,698,000 | 9,010,000 | 7,916,000 | 5,851,000 | 4,627,000 | 3,786,000 | 3,449,000 | 3,617,000 | 3,725,000 | 4,092,000 | 4,199,000 | 4,311,000 | 4,235,000 |
Debt-to-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $11,047,000K
= 0.00
United States Steel Corp.'s debt-to-equity ratio has shown relative stability over the last eight quarters, ranging between 0.38 and 0.41. This ratio indicates that the company has been relying more on equity financing rather than debt to fund its operations and growth. The consistent ratio suggests a balanced capital structure, which can be viewed positively by investors and creditors. However, the slight increase from 0.38 in Q4 2022 to 0.41 in Q1 2022 may indicate a recent increase in debt relative to equity, which could signal increased financial leverage or risk. Overall, the company's debt-to-equity ratio trend suggests a prudent approach to managing its financial obligations.
Peer comparison
Dec 31, 2023
See also:
United States Steel Corporation Debt to Equity (Quarterly Data)