Steel Dynamics Quarterly Balance Sheet
NASDAQ: STLDIndustrialsSteel/Iron OreUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Steel Dynamics financial position
As of Jun 30, 2026, Steel Dynamics reported total assets of $17.11 billion, up 10.1% from a year earlier against total liabilities of $7.75 billion. Shareholders' equity stood at $9.42 billion, or 55.0% of assets. The company held $567.7 million in cash and equivalents against $4.18 billion of debt, a net debt position of $3.61 billion.
The current ratio (current assets divided by current liabilities) was 3.18, meaning short-term assets cover obligations due within a year. Debt-to-equity was 0.44.
Summary generated from market data by MetaCap's automated system. Methodology
Steel Dynamics balance sheet (quarterly)
| Quarter (USD) | Q2 20262026-06-30 | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 567.71M | 556.53M | 769.88M | 770.36M | 458.05M | 1.19B | 589.46M | 1.02B | 829.98M | 1.04B | 1.40B | 1.77B |
| Short-Term Investments | — | — | 0 | — | 39.58M | 19.64M | 147.81M | 645.34M | 418.37M | 653.25M | 721.21M | 500.84M |
| Receivables | 2.44B | 2.06B | 1.68B | 1.76B | 1.70B | 1.72B | 1.42B | 1.56B | 1.78B | 1.74B | 1.61B | 1.88B |
| Inventory | 3.96B | 3.91B | 3.74B | 3.20B | 3.26B | 3.10B | 3.11B | 3.04B | 3.07B | 3.03B | 2.89B | 2.94B |
| Total Current Assets | 7.28B | 6.80B | 6.48B | 6.08B | 5.69B | 6.22B | 5.43B | 6.44B | 6.24B | 6.60B | 6.79B | 7.23B |
| Property, Plant & Equipment | 8.49B | 8.55B | 8.57B | 8.49B | 8.47B | 8.32B | 8.12B | 7.83B | 7.43B | 7.06B | 6.73B | 6.31B |
| Goodwill | 477.47M | 477.47M | 477.47M | 477.47M | 477.47M | 477.47M | 477.47M | 477.47M | 477.47M | 477.47M | 477.47M | 477.47M |
| Intangible Assets | 315.76M | 323.49M | 331.29M | 206.55M | 213.44M | 220.34M | 227.23M | 234.81M | 242.45M | 250.09M | 257.76M | 265.85M |
| Total Assets | 17.11B | 16.72B | 16.42B | 15.97B | 15.55B | 15.93B | 14.94B | 15.66B | 15.06B | 15.03B | 14.91B | 14.93B |
| Short-Term Debt | 1.33M | 22.12M | 34.66M | 1.43M | 1.46M | 418.95M | 426.99M | 882.01M | 815.64M | 425.70M | 459.99M | 86.06M |
| Total Current Liabilities | 2.29B | 2.17B | 2.12B | 1.96B | 1.82B | 2.27B | 2.15B | 2.69B | 2.66B | 2.30B | 2.33B | 1.92B |
| Long-Term Debt | 4.18B | 4.18B | 4.18B | 3.78B | 3.78B | 3.78B | 2.80B | 2.80B | 2.21B | 2.61B | 2.61B | 3.01B |
| Total Liabilities | 7.75B | 7.59B | 7.49B | 6.99B | 6.70B | 7.10B | 5.99B | 6.58B | 5.94B | 5.98B | 6.07B | 6.07B |
| Shareholders' Equity | 9.42B | 9.16B | 8.96B | 9.00B | 8.86B | 8.82B | 8.93B | 9.08B | 9.13B | 9.07B | 8.87B | 8.89B |
| Retained Earnings | 16.47B | 16.02B | 15.69B | 15.50B | 15.17B | 14.94B | 14.80B | 14.66B | 14.41B | 14.06B | 13.55B | 13.19B |
| Total Debt | 4.18B | 4.20B | 4.21B | 3.78B | 3.78B | 4.20B | 3.23B | 3.68B | 3.03B | 3.04B | 3.07B | 3.10B |
| Net Cash (Debt) | -3.61B | -3.64B | -3.44B | -3.01B | -3.28B | -2.99B | -2.49B | -2.02B | -1.78B | -1.35B | -948.96M | -828.76M |
| Shares Outstanding | 143.61M | 144.44M | 144.94M | 146.16M | 147.79M | 149.38M | 151.12M | 153.04M | 155.62M | 157.88M | 160.02M | 163.49M |
This table shows 12 quarterly periods of Steel Dynamics's balance sheet, from Q2 2026 back to Q3 2023, 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?