United States Steel Corporation (X)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets 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 |
| Debt-to-capital 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 |
| 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 |
| 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 |
The solvency ratios of United States Steel Corporation indicate a consistently low level of leverage and debt throughout the reporting periods. The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio all remained at 0.00 across all quarters from March 2020 to December 2024, suggesting that the company has not been heavily reliant on debt to finance its operations during this period.
The Financial leverage ratio, which measures the proportion of debt in the company's capital structure, shows a declining trend from 3.32 in March 2020 to 1.78 in December 2024. This indicates that the company has been reducing its reliance on debt over the years, leading to a stronger financial position and lower financial risk.
Overall, the solvency ratios of United States Steel Corporation demonstrate a conservative approach to financial management, with a focus on maintaining a solid financial position and minimizing debt levels to ensure long-term stability and sustainability.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 19.25 | 22.78 | 22.52 | 22.40 | 15.54 | 16.13 | 15.87 | 18.51 | 21.50 | 22.42 | 26.08 | 20.85 | 14.88 | 10.86 | 3.23 | -1.50 | -3.67 | -6.03 | -7.27 | -4.85 |
United States Steel Corporation's interest coverage ratio has shown significant fluctuations over the periods under review. The company experienced negative interest coverage ratios for most of 2020, indicating that its EBIT (earnings before interest and taxes) was insufficient to cover its interest expenses during that time.
However, starting from the first quarter of 2021, the interest coverage ratio began improving, entering positive territory by the second quarter of 2021. This positive trend continued throughout 2021 and into 2022, reaching levels above 20, indicating a healthy ability to cover interest payments.
Although there was a slight dip in the third quarter of 2022, the interest coverage ratio remained relatively strong compared to the earlier periods of negative ratios. The ratio continued to hover around the 20 mark through the end of 2024, signifying that the company's earnings were consistently sufficient to cover its interest obligations.
Overall, United States Steel Corporation's interest coverage ratio demonstrated a marked improvement from negative levels to a robust position, indicating a healthier financial position and decreased risk of defaulting on interest payments.
See also:
United States Steel Corporation Solvency Ratios (Quarterly Data)