United States Steel Corporation (X)

Financial leverage 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
Total assets	US$ in thousands	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	11,608,000	10,917,000	11,291,000	11,152,000
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
Financial leverage ratio		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	2.84	2.60	2.62	2.63

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $20,451,000K ÷ $11,047,000K
= 1.85

The financial leverage ratio of United States Steel Corp. has remained relatively stable in recent quarters, with values ranging from 1.85 to 1.98. The ratio indicates that the company's level of financial leverage has been consistent, with a slight increase seen from Q2 2022 to Q1 2023. Overall, United States Steel Corp. has maintained a moderate level of leverage, which suggests that it has a balanced mix of debt and equity in its capital structure.