Steel Dynamics, Inc. (STLD)

Solvency & Capital Structure

Total Debt

$4.18B

Net Debt

$3.61B

Steel Dynamics, Inc. currently has $4.18B in total debt. Net debt is $3.61B after cash offsets.

Financial Fundamentals

STLD • Quarterly Data • 5Y View

Date	Total Debt ($B)	Cash & Inv. ($B)	Net Debt ($B)	Total Assets	Debt/Assets
2026-06-30	4.18	0.57	3.61	17.11	24.4%
2026-03-31	4.20	0.56	3.64	16.72	25.1%
2025-12-31	4.21	0.77	3.44	16.41	25.7%
2025-09-30	3.78	0.77	3.01	15.97	23.7%
2025-06-30	3.78	0.50	3.28	15.55	24.3%
2025-03-31	4.20	1.21	2.99	15.93	26.3%
2024-12-31	3.23	0.74	2.49	14.94	21.6%
2024-09-30	3.68	1.66	2.02	15.66	23.5%
2024-06-30	3.03	1.25	1.78	15.06	20.1%
2024-03-31	3.04	1.69	1.35	15.03	20.2%
2023-12-31	3.07	2.12	0.95	14.91	20.6%
2023-09-30	3.10	2.27	0.83	14.93	20.7%
2023-06-30	3.07	2.09	0.98	14.55	21.1%
2023-03-31	3.06	2.32	0.74	14.22	21.5%
2022-12-31	3.07	2.26	0.81	14.16	21.7%
2022-09-30	3.04	2.00	1.03	14.05	21.6%
2022-06-30	3.05	1.36	1.69	13.71	22.2%
2022-03-31	3.08	1.19	1.89	13.06	23.6%
2021-12-31	3.11	1.24	1.86	12.53	24.8%
2021-09-30	3.07	1.10	1.98	11.54	26.6%
2021-06-30	3.11	1.11	2.00	10.69	29.1%
2021-03-31	3.10	1.25	1.85	10.13	30.6%
2020-12-31	3.10	1.37	1.73	9.27	33.5%
2020-09-30	2.72	1.27	1.45	8.62	31.6%
2020-06-30	2.71	1.57	1.14	8.47	32.0%
2020-03-31	2.72	1.45	1.26	8.34	32.5%
2019-12-31	2.73	1.64	1.09	8.28	33.0%
2019-09-30	2.44	1.22	1.22	7.94	30.7%
2019-06-30	2.43	1.09	1.34	7.86	30.9%
2019-03-31	2.44	0.97	1.47	7.86	31.0%
2018-12-31	2.38	1.06	1.32	7.70	30.9%
2018-09-30	2.37	1.00	1.37	7.80	30.3%
2018-06-30	2.37	0.81	1.56	7.50	31.6%
2018-03-31	2.36	1.03	1.34	6.97	33.9%
2017-12-31	2.38	1.03	1.35	6.86	34.7%
2017-09-30	2.53	1.10	1.43	6.96	36.4%
2017-06-30	2.37	0.91	1.47	6.67	35.6%
2017-03-31	2.36	0.97	1.39	6.70	35.2%
2016-12-31	2.36	0.84	1.52	6.42	36.7%
2016-09-30	2.59	1.05	1.54	6.79	38.1%
2016-06-30	2.59	1.05	1.54	6.63	39.1%
2016-03-31	2.60	0.98	1.62	6.39	40.7%
2015-12-31	2.59	0.73	1.87	6.20	41.8%
2015-09-30	2.65	0.47	2.17	6.84	38.7%
2015-06-30	2.65	0.42	2.24	6.83	38.9%
2015-03-31	2.65	0.16	2.49	6.74	39.4%
2014-12-31	2.98	0.36	2.62	7.31	40.8%
2014-09-30	3.06	0.16	2.90	7.58	40.4%
2014-06-30	1.80	0.36	1.45	5.99	30.1%
2014-03-31	2.10	0.34	1.76	5.91	35.5%
2013-12-31	2.11	0.40	1.71	5.93	35.5%
2013-09-30	2.11	0.37	1.74	5.87	35.9%
2013-06-30	2.10	0.24	1.85	5.74	36.6%
2013-03-31	2.30	0.48	1.82	5.96	38.6%
2012-12-31	2.20	0.41	1.79	5.82	37.9%
2012-09-30	2.20	0.29	1.92	5.78	38.2%
2012-06-30	2.37	0.43	1.94	5.97	39.7%
2012-03-31	2.37	0.42	1.95	6.04	39.2%
2011-12-31	2.38	0.48	1.90	5.98	39.8%
2011-09-30	2.38	0.46	1.92	6.00	39.6%
2011-06-30	2.38	0.28	2.10	5.90	40.3%
2011-03-31	2.38	0.16	2.22	5.83	40.8%
2010-12-31	2.39	0.19	2.20	5.59	42.7%
2010-09-30	2.42	0.27	2.15	5.61	43.1%
2010-06-30	2.41	0.19	2.22	5.55	43.4%
2010-03-31	2.41	0.23	2.18	5.58	43.1%
2009-12-31	2.22	0.01	2.21	5.13	43.3%
2009-09-30	2.14	0.01	2.13	5.11	41.8%
2009-06-30	2.14	0.02	2.13	4.88	43.9%
2009-03-31	2.51	0.02	2.50	4.93	51.0%
2008-12-31	2.65	0.02	2.63	5.25	50.4%
2008-09-30	2.88	0.02	2.85	6.05	47.5%
2008-06-30	2.54	0.12	2.42	6.04	42.0%
2008-03-31	2.02	0.06	1.96	4.82	41.9%
2007-12-31	2.03	0.03	2.00	4.52	44.9%
2007-09-30	1.20	0.01	1.19	3.10	38.8%
2007-06-30	0.77	0.01	0.76	2.58	29.9%
2007-03-31	0.45	0.03	0.43	2.34	19.4%
2006-12-31	0.44	0.03	0.41	2.25	19.5%
2006-09-30	0.43	0.02	0.41	2.21	19.6%
2006-06-30	0.40	0.05	0.34	2.16	18.4%
2006-03-31	0.43	0.20	0.24	1.88	23.1%
2005-12-31	0.44	0.07	0.38	1.76	25.1%
2005-09-30	0.48	0.03	0.45	1.70	28.1%
2005-06-30	0.57	0.00	0.57	1.74	33.0%
2005-03-31	0.47	0.00	0.47	1.74	27.0%
2004-12-31	0.45	0.02	0.43	1.73	25.9%
2004-09-30	0.55	0.16	0.39	1.77	31.2%
2004-06-30	0.57	0.04	0.53	1.60	35.4%
2004-03-31	0.60	0.06	0.55	1.53	39.3%
2003-12-31	0.61	0.07	0.54	1.45	41.9%
2003-09-30	0.55	0.02	0.53	1.34	40.8%
2003-06-30	0.55	0.01	0.54	1.31	42.0%
2003-03-31	0.55	0.00	0.55	1.30	42.6%
2002-12-31	0.56	0.02	0.53	1.28	43.5%
2002-09-30	0.55	0.02	0.53	1.23	44.6%
2002-06-30	0.55	0.05	0.50	1.20	46.0%
2002-03-31	0.55	0.03	0.51	1.16	47.2%
2001-12-31	0.60	0.08	0.52	1.18	50.8%
2001-09-30	0.53	0.01	0.52	1.09	49.1%
2001-06-30	0.54	0.02	0.52	1.09	49.5%
2001-03-31	0.52	0.01	0.51	1.07	48.8%
2000-12-31	0.53	0.01	0.52	1.07	49.9%
2000-09-30	0.56	0.00	0.55	1.08	51.6%
2000-06-30	0.55	0.01	0.54	1.06	51.5%
2000-03-31	0.51	0.02	0.49	1.04	49.0%
1999-12-31	0.51	0.02	0.49	0.99	51.0%
1999-09-30	0.52	0.01	0.51	0.99	52.3%
1999-06-30	0.50	0.00	0.50	0.95	52.4%
1999-03-31	0.50	0.01	0.49	0.95	53.3%
1998-12-31	0.48	0.01	0.48	0.91	53.3%
1998-09-30	0.41	0.00	0.41	0.86	48.4%
1998-06-30	0.35	0.01	0.34	0.79	44.8%
1998-03-31	0.26	0.01	0.25	0.70	37.0%
1997-12-31	0.22	0.01	0.21	0.64	34.2%
1997-09-30	0.20	0.02	0.19	0.60	34.0%
1997-06-30	0.21	0.02	0.18	0.55	37.2%
1997-03-31	0.21	0.05	0.16	0.54	38.0%
1996-12-31	0.21	0.06	0.15	0.52	39.7%
1995-12-31	0.22	0.01	0.22	0.32	69.6%