Stock Analysis on Net

Steel Dynamics Inc. (NASDAQ:STLD)

This company has been moved to the archive! The financial data has not been updated since October 26, 2022.

Analysis of Liquidity Ratios

Microsoft Excel

Liquidity ratios measure the company ability to meet its short-term obligations.


Liquidity Ratios (Summary)

Steel Dynamics Inc., liquidity ratios

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Current ratio 3.10 3.38 4.22 3.96 4.04
Quick ratio 1.42 1.86 2.47 2.06 2.18
Cash ratio 0.56 1.09 1.63 1.04 1.18

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Steel Dynamics Inc. current ratio deteriorated from 2019 to 2020 and from 2020 to 2021.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Steel Dynamics Inc. quick ratio deteriorated from 2019 to 2020 and from 2020 to 2021.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Steel Dynamics Inc. cash ratio deteriorated from 2019 to 2020 and from 2020 to 2021.

Current Ratio

Steel Dynamics Inc., current ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in thousands)
Current assets 6,901,023 4,258,447 4,253,025 4,032,657 3,508,342
Current liabilities 2,227,369 1,258,787 1,006,698 1,019,137 868,519
Liquidity Ratio
Current ratio1 3.10 3.38 4.22 3.96 4.04
Benchmarks
Current Ratio, Competitors2
Freeport-McMoRan Inc. 2.52 2.72 2.47
Current Ratio, Industry
Materials 1.28 1.18 1.19

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Current ratio = Current assets ÷ Current liabilities
= 6,901,023 ÷ 2,227,369 = 3.10

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Steel Dynamics Inc. current ratio deteriorated from 2019 to 2020 and from 2020 to 2021.

Quick Ratio

Steel Dynamics Inc., quick ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in thousands)
Cash and equivalents 1,243,868 1,368,618 1,381,460 828,220 1,028,649
Short-term investments 262,174 228,783
Accounts receivable, unrelated parties 1,911,385 967,981 841,378 1,040,220 846,415
Accounts receivable, related parties 5,049 3,937 2,958 3,536 22,422
Total quick assets 3,160,302 2,340,536 2,487,970 2,100,759 1,897,486
 
Current liabilities 2,227,369 1,258,787 1,006,698 1,019,137 868,519
Liquidity Ratio
Quick ratio1 1.42 1.86 2.47 2.06 2.18
Benchmarks
Quick Ratio, Competitors2
Freeport-McMoRan Inc. 1.66 1.48 0.99
Quick Ratio, Industry
Materials 0.88 0.77 0.69

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 3,160,302 ÷ 2,227,369 = 1.42

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Steel Dynamics Inc. quick ratio deteriorated from 2019 to 2020 and from 2020 to 2021.

Cash Ratio

Steel Dynamics Inc., cash ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in thousands)
Cash and equivalents 1,243,868 1,368,618 1,381,460 828,220 1,028,649
Short-term investments 262,174 228,783
Total cash assets 1,243,868 1,368,618 1,643,634 1,057,003 1,028,649
 
Current liabilities 2,227,369 1,258,787 1,006,698 1,019,137 868,519
Liquidity Ratio
Cash ratio1 0.56 1.09 1.63 1.04 1.18
Benchmarks
Cash Ratio, Competitors2
Freeport-McMoRan Inc. 1.37 1.07 0.63
Cash Ratio, Industry
Materials 0.56 0.43 0.31

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 1,243,868 ÷ 2,227,369 = 0.56

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Steel Dynamics Inc. cash ratio deteriorated from 2019 to 2020 and from 2020 to 2021.