Steel Dynamics (STLD) Interest Coverage Ratio (2009 - 2026)
Steel Dynamics' Interest Coverage Ratio was 17.91 in Q2 2026, down 18.7% from 22.03 a year earlier but up 10.6% from the prior quarter.
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Analysis
Steel Dynamics (STLD) Interest Coverage Ratio (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Steel Dynamics' Interest Coverage Ratio was 18.22 through Jun 30, 2026, down 13.7% year-over-year; for FY2025, it came in at 21.07, down 38.9% from FY2024.
- Interest Coverage Ratio has now declined for four consecutive years.
- In earlier years, Interest Coverage Ratio was 34.48 in FY2024 (-16.3%), 41.20 in FY2023 (-25.9%), 55.63 in FY2022 (-26.0%) and 75.18 in FY2021 (+742.0%).
- Quarterly Interest Coverage Ratio has moved between 11.51 (Q4 2025) and 115.83 (Q4 2021) over five years.
- Compared with a year earlier, Interest Coverage Ratio has declined for three straight quarters, with an average decline of 28.0% over the last eight quarters.
- The best year-over-year quarter for Interest Coverage Ratio over five years was Q4 2021 (growth of 804.5%); the worst was Q4 2022 (a decline of 72.5%).
- Per Business Quant data, STLD's Interest Coverage Ratio in the three quarters before Q2 2026 was 16.18 (Q1 2026), 11.51 (Q4 2025) and 37.41 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 181.90 Bn | 148.03 Bn | - | - |
| 2 | Southern Copper | 169.19 Bn | 148.06 Bn | 2.90 Bn | - |
| 3 | Newmont | 121.55 Bn | 89.73 Bn | 4.03 Bn | - |
| 4 | Ternium | 108.92 Bn | 73.97 Bn | 941.02 Mn | 10.48 |
| 5 | Freeport-Mcmoran | 100.46 Bn | 96.62 Bn | 2.19 Bn | - |
| 6 | Agnico Eagle Mines | 91.62 Bn | 91.62 Bn | 2.43 Bn | 237.10 |
| 7 | Barrick Mining | 68.12 Bn | 52.86 Bn | 2.90 Bn | 105.08 |
| 8 | Nucor | 53.04 Bn | 43.58 Bn | 2.03 Bn | 45.25 |
| 9 | ArcelorMittal | 50.74 Bn | 31.77 Bn | - | 7.76 |
| 10 | Steel Dynamics | 31.83 Bn | 28.70 Bn | 958.97 Mn | 17.91 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 17.91 |
| 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 | 35.05 |
| 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 |
API Access
Steel Dynamics Interest Coverage Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=interest-coverage-ratio&ticker=STLD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-coverage-ratio", "ticker": "STLD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=interest-coverage-ratio&ticker=STLD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();