Steel Dynamics (STLD) Interest Coverage Ratio (2009 - 2026)
Steel Dynamics' (STLD) quarterly Interest Coverage Ratio came in at 16.18 in Q1 2026, down 28.64% year-on-year from 22.68 in Q1 2025, and up 40.64% quarter-over-quarter from 11.51 in Q4 2025.
Steel Dynamics (STLD) Interest Coverage Ratio (2009 - 2026) Analysis & Trends
Steel Dynamics has disclosed Interest Coverage Ratio across 18 years of filings, most recently posting 16.18 for Q1 2026.
- Interest Coverage Ratio for Q1 2026 came in at 16.18, down 28.64% year-over-year; the trailing twelve-month figure through Mar 2026 was 19.08 (down 26.54% YoY), and the FY2025 annual result was 21.07, down 38.89% from the prior year.
- Interest Coverage Ratio came in at 16.18 for Q1 2026 at Steel Dynamics, up from 11.51 in the prior quarter.
- In the past five years, Interest Coverage Ratio ranged from a high of 89.68 in Q1 2022 to a low of 132.25 in Q4 2023.
- The 5-year median for Interest Coverage Ratio is 37.12 (2023), against an average of 28.5.
- Across the five-year window, Interest Coverage Ratio surged 160.63% in 2022 and plunged 515.64% in 2023, its largest moves.
- Steel Dynamics' Interest Coverage Ratio stood at 31.82 in 2022, then slumped by 515.64% to 132.25 in 2023, then jumped by 112.32% to 16.29 in 2024, then retreated by 29.36% to 11.51 in 2025, then surged by 40.64% to 16.18 in 2026.
- The last three Interest Coverage Ratio figures came in at 16.18 (Q1 2026), 11.51 (Q4 2025), and 37.41 (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Ternium | 94.27 Bn | 84.31 Bn | 686.87 Mn | -5.78 |
| 2 | Nucor | 58.23 Bn | 56.84 Bn | 1.50 Bn | 28.79 |
| 3 | ArcelorMittal | 51.15 Bn | 48.81 Bn | - | - |
| 4 | Steel Dynamics | 38.88 Bn | 38.02 Bn | 763.22 Mn | 16.18 |
| 5 | Reliance | 20.36 Bn | 20.12 Bn | 1.17 Bn | 23.89 |
| 6 | Cleveland-Cliffs | 7.71 Bn | 7.86 Bn | -82.00 Mn | - |
| 7 | Algoma Steel | 2.77 Bn | 2.77 Bn | -92.32 | - |
| 8 | National Steel | 2.24 Bn | -552.84 Mn | 479.33 Mn | -3.08 |
| 9 | Worthington Steel | 2.07 Bn | 2.07 Bn | 76.10 Mn | 1.48 |
| 10 | NWPX Infrastructure | 1.13 Bn | 1.11 Bn | 26.67 Mn | 36.37 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 16.18 |
| Dec 31, 2025 | 11.51 |
| Sep 30, 2025 | 37.41 |
| Jun 30, 2025 | 22.03 |
| Mar 31, 2025 | 22.68 |
| Dec 31, 2024 | 16.29 |
| Sep 30, 2024 | 23.16 |
| Jun 30, 2024 | 43.96 |
| Mar 31, 2024 | 62.70 |
| Dec 31, 2023 | -132.25 |
| Sep 30, 2023 | 39.83 |
| Jun 30, 2023 | 51.22 |
| Mar 31, 2023 | 37.12 |
| Dec 31, 2022 | 31.82 |
| Sep 30, 2022 | 48.13 |
| Jun 30, 2022 | 63.04 |
| Mar 31, 2022 | 89.68 |
| Dec 31, 2021 | 115.83 |
| Sep 30, 2021 | 104.07 |
| Jun 30, 2021 | 64.15 |