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)