Analysis of Liquidity Ratios
Quarterly Data
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Steel Dynamics Inc., liquidity ratios (quarterly data)
Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Steel Dynamics Inc. current ratio improved from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Steel Dynamics Inc. quick ratio improved from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Steel Dynamics Inc. cash ratio improved from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022. |
Current Ratio
Steel Dynamics Inc., current ratio calculation (quarterly data)
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||||
| Current assets | 7,813,444) | 7,756,010) | 7,149,635) | 6,901,023) | 5,987,572) | 5,265,109) | 4,896,906) | 4,258,447) | 3,854,895) | 4,016,120) | 4,142,968) | 4,253,025) | 4,020,320) | 4,023,601) | 4,028,890) | 4,032,657) | 4,131,477) | 3,817,664) | 3,652,242) | 3,508,342) | 3,572,145) | 3,251,657) | 3,244,965) | |||||||
| Current liabilities | 2,131,396) | 2,201,872) | 2,090,646) | 2,227,369) | 2,054,289) | 1,852,245) | 1,661,189) | 1,258,787) | 1,175,628) | 1,115,426) | 1,031,720) | 1,006,698) | 1,005,275) | 925,736) | 1,003,090) | 1,019,137) | 1,049,665) | 1,058,586) | 860,740) | 868,519) | 1,066,529) | 795,892) | 881,447) | |||||||
| Liquidity Ratio | ||||||||||||||||||||||||||||||
| Current ratio1 | 3.67 | 3.52 | 3.42 | 3.10 | 2.91 | 2.84 | 2.95 | 3.38 | 3.28 | 3.60 | 4.02 | 4.22 | 4.00 | 4.35 | 4.02 | 3.96 | 3.94 | 3.61 | 4.24 | 4.04 | 3.35 | 4.09 | 3.68 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Current Ratio, Competitors2 | ||||||||||||||||||||||||||||||
| Freeport-McMoRan Inc. | 2.56 | 2.73 | 2.37 | 2.52 | 2.50 | 2.28 | 2.35 | 2.72 | 2.61 | 2.46 | 2.34 | 2.47 | 2.47 | 2.66 | 2.79 | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q3 2022 Calculation
Current ratio = Current assets ÷ Current liabilities
= 7,813,444 ÷ 2,131,396 = 3.67
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 improved from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022. |
Quick Ratio
Steel Dynamics Inc., quick ratio calculation (quarterly data)
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||||
| Cash and equivalents | 1,420,497) | 1,007,085) | 1,189,528) | 1,243,868) | 1,095,701) | 1,113,744) | 1,245,165) | 1,368,618) | 1,267,618) | 1,496,458) | 1,235,478) | 1,381,460) | 1,146,007) | 972,561) | 791,444) | 828,220) | 884,315) | 720,445) | 985,824) | 1,028,649) | 1,101,964) | 908,843) | 966,826) | |||||||
| Short-term investments | 583,211) | 351,005) | —) | —) | —) | —) | —) | —) | —) | 69,546) | 219,193) | 262,174) | 69,529) | 114,154) | 173,723) | 228,783) | 115,000) | 90,000) | 40,000) | —) | —) | —) | —) | |||||||
| Accounts receivable, unrelated parties | 2,255,206) | 2,573,539) | 2,285,245) | 1,911,385) | 1,886,759) | 1,565,317) | 1,360,535) | 967,981) | 915,223) | 841,593) | 995,324) | 841,378) | 983,515) | 1,069,061) | 1,141,038) | 1,040,220) | 1,224,477) | 1,175,795) | 983,457) | 846,415) | 897,838) | 866,716) | 860,676) | |||||||
| Accounts receivable, related parties | 78,788) | 87,176) | 78,423) | 5,049) | 6,036) | 5,707) | 5,928) | 3,937) | 3,619) | 2,463) | 3,084) | 2,958) | 3,431) | 3,818) | 2,357) | 3,536) | 3,713) | 4,388) | 4,198) | 22,422) | 25,179) | 20,178) | 22,471) | |||||||
| Total quick assets | 4,337,702) | 4,018,805) | 3,553,196) | 3,160,302) | 2,988,496) | 2,684,768) | 2,611,628) | 2,340,536) | 2,186,460) | 2,410,060) | 2,453,079) | 2,487,970) | 2,202,482) | 2,159,594) | 2,108,562) | 2,100,759) | 2,227,505) | 1,990,628) | 2,013,479) | 1,897,486) | 2,024,981) | 1,795,737) | 1,849,973) | |||||||
| Current liabilities | 2,131,396) | 2,201,872) | 2,090,646) | 2,227,369) | 2,054,289) | 1,852,245) | 1,661,189) | 1,258,787) | 1,175,628) | 1,115,426) | 1,031,720) | 1,006,698) | 1,005,275) | 925,736) | 1,003,090) | 1,019,137) | 1,049,665) | 1,058,586) | 860,740) | 868,519) | 1,066,529) | 795,892) | 881,447) | |||||||
| Liquidity Ratio | ||||||||||||||||||||||||||||||
| Quick ratio1 | 2.04 | 1.83 | 1.70 | 1.42 | 1.45 | 1.45 | 1.57 | 1.86 | 1.86 | 2.16 | 2.38 | 2.47 | 2.19 | 2.33 | 2.10 | 2.06 | 2.12 | 1.88 | 2.34 | 2.18 | 1.90 | 2.26 | 2.10 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Quick Ratio, Competitors2 | ||||||||||||||||||||||||||||||
| Freeport-McMoRan Inc. | 1.65 | 1.84 | 1.60 | 1.66 | 1.66 | 1.45 | 1.38 | 1.48 | 1.21 | 0.97 | 0.86 | 0.99 | 0.96 | 1.09 | 1.24 | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q3 2022 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 4,337,702 ÷ 2,131,396 = 2.04
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 improved from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022. |
Cash Ratio
Steel Dynamics Inc., cash ratio calculation (quarterly data)
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||||
| Cash and equivalents | 1,420,497) | 1,007,085) | 1,189,528) | 1,243,868) | 1,095,701) | 1,113,744) | 1,245,165) | 1,368,618) | 1,267,618) | 1,496,458) | 1,235,478) | 1,381,460) | 1,146,007) | 972,561) | 791,444) | 828,220) | 884,315) | 720,445) | 985,824) | 1,028,649) | 1,101,964) | 908,843) | 966,826) | |||||||
| Short-term investments | 583,211) | 351,005) | —) | —) | —) | —) | —) | —) | —) | 69,546) | 219,193) | 262,174) | 69,529) | 114,154) | 173,723) | 228,783) | 115,000) | 90,000) | 40,000) | —) | —) | —) | —) | |||||||
| Total cash assets | 2,003,708) | 1,358,090) | 1,189,528) | 1,243,868) | 1,095,701) | 1,113,744) | 1,245,165) | 1,368,618) | 1,267,618) | 1,566,004) | 1,454,671) | 1,643,634) | 1,215,536) | 1,086,715) | 965,167) | 1,057,003) | 999,315) | 810,445) | 1,025,824) | 1,028,649) | 1,101,964) | 908,843) | 966,826) | |||||||
| Current liabilities | 2,131,396) | 2,201,872) | 2,090,646) | 2,227,369) | 2,054,289) | 1,852,245) | 1,661,189) | 1,258,787) | 1,175,628) | 1,115,426) | 1,031,720) | 1,006,698) | 1,005,275) | 925,736) | 1,003,090) | 1,019,137) | 1,049,665) | 1,058,586) | 860,740) | 868,519) | 1,066,529) | 795,892) | 881,447) | |||||||
| Liquidity Ratio | ||||||||||||||||||||||||||||||
| Cash ratio1 | 0.94 | 0.62 | 0.57 | 0.56 | 0.53 | 0.60 | 0.75 | 1.09 | 1.08 | 1.40 | 1.41 | 1.63 | 1.21 | 1.17 | 0.96 | 1.04 | 0.95 | 0.77 | 1.19 | 1.18 | 1.03 | 1.14 | 1.10 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Cash Ratio, Competitors2 | ||||||||||||||||||||||||||||||
| Freeport-McMoRan Inc. | 1.43 | 1.60 | 1.29 | 1.37 | 1.39 | 1.14 | 0.99 | 1.07 | 0.78 | 0.50 | 0.51 | 0.63 | 0.66 | 0.80 | 0.87 | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q3 2022 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 2,003,708 ÷ 2,131,396 = 0.94
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 improved from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022. |