National Steel (SID) Debt to Equity (2009 - 2025)

National Steel's (SID) quarterly Debt to Equity came in at $3.36 in Q4 2025, down 8.65% year-on-year from $3.68 in Q4 2024, and down 8.65% quarter-over-quarter from $3.68 in Q4 2024.

National Steel (SID) Debt to Equity (2009 - 2025) Analysis & Trends

National Steel has disclosed Debt to Equity across 11 years of filings, most recently posting $3.36 for Q4 2025.

  • Debt to Equity for Q4 2025 came in at $3.36, down 8.65% year-over-year; the trailing twelve-month figure through Dec 2025 was $3.36 (down 8.65% YoY), and the FY2025 annual result was $3.36, down 8.65% from the prior year.
  • Debt to Equity came in at $3.36 for Q4 2025 at National Steel, down from $3.68 in the prior quarter.
  • In the past five years, Debt to Equity ranged from a high of $4.71 in Q1 2023 to a low of $1.39 in Q4 2021.
  • The 5-year median for Debt to Equity is $2.82 (2023), against an average of $2.88.
  • Across the five-year window, Debt to Equity slumped 55.63% in 2021 and jumped 61.56% in 2024, its largest moves.
  • National Steel's Debt to Equity stood at $1.39 in 2021, then surged by 34.87% to $1.88 in 2022, then rose by 21.5% to $2.28 in 2023, then surged by 61.56% to $3.68 in 2024, then slipped by 8.65% to $3.36 in 2025.
  • The last three Debt to Equity figures came in at $3.36 (Q4 2025), $3.68 (Q4 2024), and $2.28 (Q4 2023), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt/Equity (Qtr)
1 Ternium 94.27 Bn 84.31 Bn 686.87 Mn -
2 Nucor 58.23 Bn 56.84 Bn 1.50 Bn 0.33
3 ArcelorMittal 51.15 Bn 48.81 Bn - -
4 Steel Dynamics 38.88 Bn 38.02 Bn 763.22 Mn 0.46
5 Reliance 20.36 Bn 20.12 Bn 1.17 Bn 0.24
6 Cleveland-Cliffs 7.71 Bn 7.86 Bn -82.00 Mn 1.33
7 Algoma Steel 2.77 Bn 2.77 Bn -92.32 -
8 National Steel 2.24 Bn -552.84 Mn 479.33 Mn -
9 Worthington Steel 2.07 Bn 2.07 Bn 76.10 Mn 0.20
10 NWPX Infrastructure 1.13 Bn 1.11 Bn 26.67 Mn 0.01

Historic Data

Download Data
DateValue
Dec 31, 2025 3.36
Dec 31, 2024 3.68
Dec 31, 2023 2.28
Mar 31, 2023 4.71
Dec 31, 2022 1.88
Dec 31, 2021 1.39
Dec 31, 2020 3.13
Dec 31, 2019 2.46
Dec 31, 2018 2.31
Dec 31, 2017 3.56
Dec 31, 2012 3,014.50
Dec 31, 2009 1.72