Steel Dynamics Balance Sheet
NASDAQ: STLDIndustrialsSteel/Iron OreUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Steel Dynamics financial position
At the end of fiscal 2025, Steel Dynamics reported total assets of $16.42 billion, up 9.9% from a year earlier against total liabilities of $7.49 billion. Shareholders' equity stood at $8.96 billion, or 54.6% of assets. The company held $769.9 million in cash and equivalents against $4.21 billion of debt, a net debt position of $3.44 billion.
The current ratio (current assets divided by current liabilities) was 3.06, meaning short-term assets cover obligations due within a year. Debt-to-equity was 0.47.
Summary generated from market data by MetaCap's automated system. Methodology
Steel Dynamics balance sheet (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 769.88M | 589.46M | 1.40B | 1.63B | 1.24B | 1.37B | 1.38B | 828.22M | 1.03B | 841.48M |
| Short-Term Investments | 0 | 147.81M | 721.21M | 628.22M | — | 0 | 262.17M | 228.78M | — | — |
| Receivables | 1.68B | 1.42B | 1.61B | 1.98B | 1.91B | 967.98M | 841.38M | 1.04B | 846.41M | 703.57M |
| Inventory | 3.74B | 3.11B | 2.89B | 3.13B | 3.53B | 1.84B | 1.69B | 1.86B | 1.52B | 1.28B |
| Total Current Assets | 6.48B | 5.43B | 6.79B | 7.64B | 6.90B | 4.26B | 4.25B | 4.03B | 3.51B | 2.93B |
| Property, Plant & Equipment | 8.57B | 8.12B | 6.73B | 5.37B | 4.75B | 4.11B | 3.14B | 2.95B | 2.68B | 2.79B |
| Goodwill | 477.47M | 477.47M | 477.47M | 502.07M | 453.83M | 457.23M | 452.92M | 429.64M | 386.89M | 393.35M |
| Intangible Assets | 331.29M | 227.23M | 257.76M | 267.51M | 295.35M | 324.58M | 327.90M | 270.33M | 256.91M | 283.98M |
| Total Assets | 16.42B | 14.94B | 14.91B | 14.16B | 12.53B | 9.27B | 8.28B | 7.70B | 6.86B | 6.42B |
| Accounts Payable | — | — | — | 1.01B | 1.27B | 760.54M | 509.69M | 536.74M | 473.76M | 382.13M |
| Short-Term Debt | 34.66M | 426.99M | 459.99M | 57.33M | 97.17M | 86.89M | 89.36M | 24.23M | 28.80M | 3.63M |
| Total Current Liabilities | 2.12B | 2.15B | 2.33B | 2.03B | 2.23B | 1.26B | 1.01B | 1.02B | 868.52M | 712.82M |
| Long-Term Debt | 4.18B | 2.80B | 2.61B | 3.01B | 3.01B | 3.02B | 2.64B | 2.35B | 2.35B | 2.35B |
| Total Liabilities | 7.49B | 5.99B | 6.07B | 6.06B | 6.21B | 4.92B | 4.21B | 3.82B | 3.55B | 3.54B |
| Shareholders' Equity | 8.96B | 8.93B | 8.87B | 8.13B | 6.30B | 4.35B | 4.08B | 3.94B | 3.35B | 2.93B |
| Retained Earnings | 15.69B | 14.80B | 13.55B | 11.38B | 7.76B | 4.76B | 4.42B | 3.96B | 2.87B | 2.21B |
| Total Debt | 4.21B | 3.23B | 3.07B | 3.07B | 3.11B | 3.10B | 2.73B | 2.38B | 2.38B | 2.36B |
| Net Cash (Debt) | -3.44B | -2.49B | -948.96M | -813.94M | -1.86B | -1.73B | -1.09B | -1.32B | -1.35B | -1.52B |
| Shares Outstanding | 144.94M | 151.12M | 160.02M | 172.94M | 195.00M | 210.91M | 214.50M | 225.27M | 237.40M | 243.79M |
This table shows 10 annual periods of Steel Dynamics's balance sheet, from FY 2025 back to FY 2016, across 19 line items including cash & equivalents, short-term investments, receivables. Values in USD; B = billions, M = millions. Fiscal periods follow STLD's reporting calendar. What is a balance sheet?