Analysis of Solvency Ratios
Quarterly Data
Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.
Solvency Ratios (Summary)
United States Steel Corp., solvency ratios (quarterly data)
Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 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).
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | United States Steel Corp. debt to equity ratio improved from Q4 2022 to Q1 2023 but then deteriorated significantly from Q1 2023 to Q2 2023. |
| Debt to equity (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | United States Steel Corp. debt to equity ratio (including operating lease liability) improved from Q4 2022 to Q1 2023 but then deteriorated significantly from Q1 2023 to Q2 2023. |
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | United States Steel Corp. debt to capital ratio improved from Q4 2022 to Q1 2023 but then deteriorated significantly from Q1 2023 to Q2 2023. |
| Debt to capital (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | United States Steel Corp. debt to capital ratio (including operating lease liability) improved from Q4 2022 to Q1 2023 but then deteriorated significantly from Q1 2023 to Q2 2023. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | United States Steel Corp. debt to assets ratio improved from Q4 2022 to Q1 2023 but then deteriorated significantly from Q1 2023 to Q2 2023. |
| Debt to assets (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | United States Steel Corp. debt to assets ratio (including operating lease liability) improved from Q4 2022 to Q1 2023 but then deteriorated significantly from Q1 2023 to Q2 2023. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | United States Steel Corp. financial leverage ratio decreased from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023. |
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | United States Steel Corp. interest coverage ratio deteriorated from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023. |
Debt to Equity
United States Steel Corp., debt to equity calculation (quarterly data)
| Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Short-term debt and current maturities of long-term debt | 98) | 91) | 63) | 59) | 54) | 60) | 28) | 61) | 763) | 45) | 192) | 262) | 94) | 99) | 14) | 67) | 70) | 66) | 65) | 4) | 4) | 281) | |||||||
| Long-term debt, less unamortized discount and debt issuance costs, excluding current maturities | 4,153) | 3,901) | 3,914) | 3,863) | 3,869) | 3,917) | 3,863) | 4,272) | 4,803) | 5,787) | 4,695) | 4,628) | 5,505) | 4,616) | 3,627) | 2,500) | 2,345) | 2,326) | 2,316) | 2,498) | 2,541) | 2,571) | |||||||
| Total debt | 4,251) | 3,992) | 3,977) | 3,922) | 3,923) | 3,977) | 3,891) | 4,333) | 5,566) | 5,832) | 4,887) | 4,890) | 5,599) | 4,715) | 3,641) | 2,567) | 2,415) | 2,392) | 2,381) | 2,502) | 2,545) | 2,852) | |||||||
| Total United States Steel Corporation stockholders’ equity | 10,725) | 10,302) | 10,218) | 10,437) | 10,198) | 9,698) | 9,010) | 7,916) | 5,851) | 4,627) | 3,786) | 3,449) | 3,617) | 3,725) | 4,092) | 4,199) | 4,311) | 4,235) | 4,202) | 3,941) | 3,605) | 3,438) | |||||||
| Solvency Ratio | |||||||||||||||||||||||||||||
| Debt to equity1 | 0.40 | 0.39 | 0.39 | 0.38 | 0.38 | 0.41 | 0.43 | 0.55 | 0.95 | 1.26 | 1.29 | 1.42 | 1.55 | 1.27 | 0.89 | 0.61 | 0.56 | 0.56 | 0.57 | 0.63 | 0.71 | 0.83 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Debt to Equity, Competitors2 | |||||||||||||||||||||||||||||
| Freeport-McMoRan Inc. | 0.59 | 0.60 | 0.68 | 0.71 | 0.74 | 0.65 | 0.68 | 0.72 | 0.81 | 0.90 | 0.95 | 1.09 | 1.11 | 1.14 | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 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).
1 Q2 2023 Calculation
Debt to equity = Total debt ÷ Total United States Steel Corporation stockholders’ equity
= 4,251 ÷ 10,725 = 0.40
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | United States Steel Corp. debt to equity ratio improved from Q4 2022 to Q1 2023 but then deteriorated significantly from Q1 2023 to Q2 2023. |
Debt to Equity (including Operating Lease Liability)
United States Steel Corp., debt to equity (including operating lease liability) calculation (quarterly data)
Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 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).
1 Q2 2023 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Total United States Steel Corporation stockholders’ equity
= 4,389 ÷ 10,725 = 0.41
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | United States Steel Corp. debt to equity ratio (including operating lease liability) improved from Q4 2022 to Q1 2023 but then deteriorated significantly from Q1 2023 to Q2 2023. |
Debt to Capital
United States Steel Corp., debt to capital calculation (quarterly data)
| Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Short-term debt and current maturities of long-term debt | 98) | 91) | 63) | 59) | 54) | 60) | 28) | 61) | 763) | 45) | 192) | 262) | 94) | 99) | 14) | 67) | 70) | 66) | 65) | 4) | 4) | 281) | |||||||
| Long-term debt, less unamortized discount and debt issuance costs, excluding current maturities | 4,153) | 3,901) | 3,914) | 3,863) | 3,869) | 3,917) | 3,863) | 4,272) | 4,803) | 5,787) | 4,695) | 4,628) | 5,505) | 4,616) | 3,627) | 2,500) | 2,345) | 2,326) | 2,316) | 2,498) | 2,541) | 2,571) | |||||||
| Total debt | 4,251) | 3,992) | 3,977) | 3,922) | 3,923) | 3,977) | 3,891) | 4,333) | 5,566) | 5,832) | 4,887) | 4,890) | 5,599) | 4,715) | 3,641) | 2,567) | 2,415) | 2,392) | 2,381) | 2,502) | 2,545) | 2,852) | |||||||
| Total United States Steel Corporation stockholders’ equity | 10,725) | 10,302) | 10,218) | 10,437) | 10,198) | 9,698) | 9,010) | 7,916) | 5,851) | 4,627) | 3,786) | 3,449) | 3,617) | 3,725) | 4,092) | 4,199) | 4,311) | 4,235) | 4,202) | 3,941) | 3,605) | 3,438) | |||||||
| Total capital | 14,976) | 14,294) | 14,195) | 14,359) | 14,121) | 13,675) | 12,901) | 12,249) | 11,417) | 10,459) | 8,673) | 8,339) | 9,216) | 8,440) | 7,733) | 6,766) | 6,726) | 6,627) | 6,583) | 6,443) | 6,150) | 6,290) | |||||||
| Solvency Ratio | |||||||||||||||||||||||||||||
| Debt to capital1 | 0.28 | 0.28 | 0.28 | 0.27 | 0.28 | 0.29 | 0.30 | 0.35 | 0.49 | 0.56 | 0.56 | 0.59 | 0.61 | 0.56 | 0.47 | 0.38 | 0.36 | 0.36 | 0.36 | 0.39 | 0.41 | 0.45 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Debt to Capital, Competitors2 | |||||||||||||||||||||||||||||
| Freeport-McMoRan Inc. | 0.37 | 0.38 | 0.41 | 0.42 | 0.43 | 0.39 | 0.40 | 0.42 | 0.45 | 0.47 | 0.49 | 0.52 | 0.53 | 0.53 | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 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).
1 Q2 2023 Calculation
Debt to capital = Total debt ÷ Total capital
= 4,251 ÷ 14,976 = 0.28
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | United States Steel Corp. debt to capital ratio improved from Q4 2022 to Q1 2023 but then deteriorated significantly from Q1 2023 to Q2 2023. |
Debt to Capital (including Operating Lease Liability)
United States Steel Corp., debt to capital (including operating lease liability) calculation (quarterly data)
Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 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).
1 Q2 2023 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 4,389 ÷ 15,114 = 0.29
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | United States Steel Corp. debt to capital ratio (including operating lease liability) improved from Q4 2022 to Q1 2023 but then deteriorated significantly from Q1 2023 to Q2 2023. |
Debt to Assets
United States Steel Corp., debt to assets calculation (quarterly data)
| Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Short-term debt and current maturities of long-term debt | 98) | 91) | 63) | 59) | 54) | 60) | 28) | 61) | 763) | 45) | 192) | 262) | 94) | 99) | 14) | 67) | 70) | 66) | 65) | 4) | 4) | 281) | |||||||
| Long-term debt, less unamortized discount and debt issuance costs, excluding current maturities | 4,153) | 3,901) | 3,914) | 3,863) | 3,869) | 3,917) | 3,863) | 4,272) | 4,803) | 5,787) | 4,695) | 4,628) | 5,505) | 4,616) | 3,627) | 2,500) | 2,345) | 2,326) | 2,316) | 2,498) | 2,541) | 2,571) | |||||||
| Total debt | 4,251) | 3,992) | 3,977) | 3,922) | 3,923) | 3,977) | 3,891) | 4,333) | 5,566) | 5,832) | 4,887) | 4,890) | 5,599) | 4,715) | 3,641) | 2,567) | 2,415) | 2,392) | 2,381) | 2,502) | 2,545) | 2,852) | |||||||
| Total assets | 20,309) | 19,540) | 19,458) | 19,958) | 19,858) | 19,224) | 17,816) | 17,333) | 16,084) | 14,689) | 12,059) | 11,731) | 12,551) | 12,366) | 11,608) | 10,917) | 11,291) | 11,152) | 10,982) | 10,569) | 10,058) | 10,026) | |||||||
| Solvency Ratio | |||||||||||||||||||||||||||||
| Debt to assets1 | 0.21 | 0.20 | 0.20 | 0.20 | 0.20 | 0.21 | 0.22 | 0.25 | 0.35 | 0.40 | 0.41 | 0.42 | 0.45 | 0.38 | 0.31 | 0.24 | 0.21 | 0.21 | 0.22 | 0.24 | 0.25 | 0.28 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Debt to Assets, Competitors2 | |||||||||||||||||||||||||||||
| Freeport-McMoRan Inc. | 0.19 | 0.19 | 0.21 | 0.21 | 0.22 | 0.20 | 0.20 | 0.21 | 0.21 | 0.22 | 0.23 | 0.24 | 0.25 | 0.25 | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 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).
1 Q2 2023 Calculation
Debt to assets = Total debt ÷ Total assets
= 4,251 ÷ 20,309 = 0.21
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | United States Steel Corp. debt to assets ratio improved from Q4 2022 to Q1 2023 but then deteriorated significantly from Q1 2023 to Q2 2023. |
Debt to Assets (including Operating Lease Liability)
United States Steel Corp., debt to assets (including operating lease liability) calculation (quarterly data)
Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 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).
1 Q2 2023 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 4,389 ÷ 20,309 = 0.22
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | United States Steel Corp. debt to assets ratio (including operating lease liability) improved from Q4 2022 to Q1 2023 but then deteriorated significantly from Q1 2023 to Q2 2023. |
Financial Leverage
United States Steel Corp., financial leverage calculation (quarterly data)
| Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Total assets | 20,309) | 19,540) | 19,458) | 19,958) | 19,858) | 19,224) | 17,816) | 17,333) | 16,084) | 14,689) | 12,059) | 11,731) | 12,551) | 12,366) | 11,608) | 10,917) | 11,291) | 11,152) | 10,982) | 10,569) | 10,058) | 10,026) | |||||||
| Total United States Steel Corporation stockholders’ equity | 10,725) | 10,302) | 10,218) | 10,437) | 10,198) | 9,698) | 9,010) | 7,916) | 5,851) | 4,627) | 3,786) | 3,449) | 3,617) | 3,725) | 4,092) | 4,199) | 4,311) | 4,235) | 4,202) | 3,941) | 3,605) | 3,438) | |||||||
| Solvency Ratio | |||||||||||||||||||||||||||||
| Financial leverage1 | 1.89 | 1.90 | 1.90 | 1.91 | 1.95 | 1.98 | 1.98 | 2.19 | 2.75 | 3.17 | 3.19 | 3.40 | 3.47 | 3.32 | 2.84 | 2.60 | 2.62 | 2.63 | 2.61 | 2.68 | 2.79 | 2.92 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Financial Leverage, Competitors2 | |||||||||||||||||||||||||||||
| Freeport-McMoRan Inc. | 3.14 | 3.17 | 3.28 | 3.34 | 3.37 | 3.28 | 3.44 | 3.51 | 3.78 | 4.00 | 4.14 | 4.45 | 4.49 | 4.54 | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 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).
1 Q2 2023 Calculation
Financial leverage = Total assets ÷ Total United States Steel Corporation stockholders’ equity
= 20,309 ÷ 10,725 = 1.89
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | United States Steel Corp. financial leverage ratio decreased from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023. |
Interest Coverage
United States Steel Corp., interest coverage calculation (quarterly data)
| Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Net earnings (loss) attributable to United States Steel Corporation | 477) | 199) | 174) | 490) | 978) | 882) | 1,069) | 2,002) | 1,012) | 91) | 49) | (234) | (589) | (391) | (668) | (84) | 68) | 54) | 592) | 291) | 214) | 18) | |||||||
| Add: Net income attributable to noncontrolling interest | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | |||||||
| Add: Income tax expense | 144) | 51) | 51) | 154) | 284) | 246) | (54) | 260) | (37) | 1) | (94) | (24) | (5) | (19) | 221) | (44) | (7) | 8) | (339) | 23) | 12) | 1) | |||||||
| Add: Interest expense | 20) | 27) | 32) | 38) | 39) | 50) | 62) | 75) | 84) | 92) | 82) | 84) | 64) | 50) | 45) | 32) | 31) | 34) | 34) | 41) | 43) | 50) | |||||||
| Earnings before interest and tax (EBIT) | 641) | 277) | 257) | 682) | 1,301) | 1,178) | 1,077) | 2,337) | 1,059) | 184) | 37) | (174) | (530) | (360) | (402) | (96) | 92) | 96) | 287) | 355) | 269) | 69) | |||||||
| Solvency Ratio | |||||||||||||||||||||||||||||
| Interest coverage1 | 15.87 | 18.51 | 21.50 | 22.42 | 26.08 | 20.85 | 14.88 | 10.86 | 3.23 | -1.50 | -3.67 | -6.03 | -7.27 | -4.85 | -2.18 | 2.89 | 5.93 | 6.63 | 5.83 | — | — | — | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Interest Coverage, Competitors2 | |||||||||||||||||||||||||||||
| Freeport-McMoRan Inc. | 9.73 | 10.53 | 13.05 | 13.11 | 15.65 | 16.40 | 13.73 | 11.72 | 9.52 | 7.19 | 4.03 | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 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).
1 Q2 2023 Calculation
Interest coverage
= (EBITQ2 2023
+ EBITQ1 2023
+ EBITQ4 2022
+ EBITQ3 2022)
÷ (Interest expenseQ2 2023
+ Interest expenseQ1 2023
+ Interest expenseQ4 2022
+ Interest expenseQ3 2022)
= (641 + 277 + 257 + 682)
÷ (20 + 27 + 32 + 38)
= 15.87
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | United States Steel Corp. interest coverage ratio deteriorated from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023. |