Steel Dynamics (STLD) Interest Coverage Ratio (2009 - 2026)
Steel Dynamics (STLD) posted Interest Coverage Ratio of 10.43 for Q2 2026, down 35.55% sequentially from 16.18 in Q1 2026, and down 5.35% YoY from 11.02 in Q2 2025.
Steel Dynamics (STLD) Interest Coverage Ratio (2009 - 2026) Analysis & Trends
Steel Dynamics has reported Interest Coverage Ratio for 18 years, with the latest figure at 10.43 in Q2 2026.
- Quarterly Interest Coverage Ratio fell 5.35% year-over-year to 10.43 in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 13.44 (up 26.82% YoY) and the FY2025 annual result came in at 6.97, down 24.98% from the prior year.
- Interest Coverage Ratio fell to 10.43 in Q2 2026 per STLD's latest filing, from 16.18 in the prior quarter.
- Over five years, Interest Coverage Ratio peaked at 89.68 in Q1 2022 and troughed at 1.9 in Q4 2022.
- A 5-year average of 27.8 and a median of 21.48 in 2025 frame the typical range for Interest Coverage Ratio.
- The sharpest annual moves came in 2022 and 2023: Interest Coverage Ratio plunged 94.52% in 2022, then surged 1743.33% in 2023.
- Over 5 years, Interest Coverage Ratio stood at 1.9 in 2022, then jumped by 1743.33% to 35.05 in 2023, then sank by 83.68% to 5.72 in 2024, then surged by 101.14% to 11.51 in 2025, then slipped by 9.35% to 10.43 in 2026.
- According to Business Quant data, Interest Coverage Ratio over the past three periods registered 10.43, 16.18, and 11.51 for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Ternium | 106.22 Bn | 96.33 Bn | 941.02 Mn | -27.14 |
| 2 | Nucor | 55.03 Bn | 52.34 Bn | 2.03 Bn | 45.25 |
| 3 | ArcelorMittal | 54.04 Bn | 49.19 Bn | - | - |
| 4 | Steel Dynamics | 31.61 Bn | 31.03 Bn | 958.97 Mn | 17.91 |
| 5 | Reliance | 19.53 Bn | 19.29 Bn | 1.30 Bn | 24.26 |
| 6 | Cleveland-Cliffs | 6.15 Bn | 6.08 Bn | 132.00 Mn | - |
| 7 | Gerdau | 5.42 Bn | 4.28 Bn | 558.98 Mn | -6.97 |
| 8 | GRUPO SIMEC, S.A.B. de C.V | 4.56 Bn | 3.00 Bn | - | - |
| 9 | Posco Holdings | 4.34 Bn | 1.84 Bn | 1.04 Bn | -0.13 |
| 10 | Worthington Steel | 1.70 Bn | 1.61 Bn | 118.80 Mn | -3.60 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 10.43 |
| Mar 31, 2026 | 16.18 |
| Dec 31, 2025 | 11.51 |
| Sep 30, 2025 | 19.80 |
| Jun 30, 2025 | 11.02 |
| Mar 31, 2025 | 9.66 |
| Dec 31, 2024 | 5.72 |
| Sep 30, 2024 | 23.16 |
| Jun 30, 2024 | 13.62 |
| Mar 31, 2024 | 62.70 |
| Dec 31, 2023 | 35.05 |
| Sep 30, 2023 | 39.83 |
| Jun 30, 2023 | 25.46 |
| Mar 31, 2023 | 37.12 |
| Dec 31, 2022 | 1.90 |
| Sep 30, 2022 | 48.13 |
| Jun 30, 2022 | 39.36 |
| Mar 31, 2022 | 89.68 |
| Dec 31, 2021 | 34.72 |
| Sep 30, 2021 | 104.07 |