United States Steel Corporation (X)

Financial leverage ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Total assets	US$ in thousands	20,235,000	20,633,000	20,416,000	20,448,000	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
Total stockholders’ equity	US$ in thousands	11,347,000	11,578,000	11,393,000	11,199,000	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
Financial leverage ratio		1.78	1.78	1.79	1.83	1.85	1.85	1.89	1.90	1.90	1.91	1.95	1.98	1.98	2.19	2.75	3.17	3.19	3.40	3.47	3.32

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $20,235,000K ÷ $11,347,000K
= 1.78

The financial leverage ratio of United States Steel Corporation has displayed a declining trend over the past few years, indicating a decreasing level of financial leverage. The ratio stood at 3.32 as of March 31, 2020, and gradually decreased to 1.78 by December 31, 2024. This suggests that the company has been reducing its reliance on debt to finance its operations and investments. A lower financial leverage ratio implies a lower level of debt relative to equity, which may reduce the company's financial risk and enhance its financial stability. United States Steel Corporation's decreasing financial leverage ratio could be a positive signal to investors and creditors, as it indicates a healthier balance sheet and potentially stronger financial performance.