Steel Dynamics (Steel Dynamics) Interest Expense

: $-76 Mil (TTM As of Dec. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Steel Dynamics's interest expense for the three months ended in Dec. 2023 was $ -15 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-76 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Steel Dynamics's Operating Income for the three months ended in Dec. 2023 was $ 566 Mil. Steel Dynamics's Interest Expense for the three months ended in Dec. 2023 was $ -15 Mil. Steel Dynamics's Interest Coverage for the quarter that ended in Dec. 2023 was 38.23. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Steel Dynamics Interest Expense Historical Data

The historical data trend for Steel Dynamics's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Steel Dynamics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-127.10

-94.88

-57.21

-91.54

-76.48

Steel Dynamics Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense																-23.86	-22.51	-20.77	-18.42	-14.80

Steel Dynamics Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-76 Mil.

Steel Dynamics (NAS:STLD) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Steel Dynamics's Interest Expense for the three months ended in Dec. 2023 was $-15 Mil. Its Operating Income for the three months ended in Dec. 2023 was $566 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $2,611 Mil.

Steel Dynamics's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	565.591	/	-14.795
	=	38.23

The higher the ratio, the stronger the company's financial strength is.

Steel Dynamics (Steel Dynamics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Steel Dynamics Inc (NAS:STLD) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

STLD:Mexico 1STLD:Italy SD5:Germany

Address

7575 West Jefferson Boulevard, Fort Wayne, IN, USA, 46804

Website

https://www.steeldynamics.com

Steel Dynamics Inc operates scrap-based steel minimills with roughly 16 million tons of annual steel production capacity. The company's segment includes steel operations, metals recycling operations, and steel fabrication operations. It generates maximum revenue from the steel operations segment.

Executives

Glenn Pushis	officer: Senior Vice President	4500 COUNTY ROAD 59, BUTLER IN 46721
James C Marcuccilli	director	127 W BERRY ST, FORT WAYNE IN 46802
Bradley S Seaman	director	161 SHAWFORD WAY, LAKE FOREST IL 60045
Richard A Poinsatte	officer: Senior Vice President	6714 POINTE INVERNESS WAY, SUITE 200, FORT WAYNE IN 46804
Jennifer L Hamann	director	1400 DOUGLAS STREET, OMAHA NE 68130
Christopher A Graham	officer: Vice President	7575 W. JEFFERSON BLVD., FORT WAYNE IN 46804
Gabriel Shaheen	director	1540 PARILLA CIRCLE, TRINITY FL 34655
Keith E Busse	director	7575 W. JEFFERSON BLVD., FORT WAYNE IN 46804
James Stanley Anderson	officer: Senior Vice President	203 E BERRY STREET, AWB SUITE 804, FORT WAYNE IN 46802
Luis Manuel Sierra	director	1555 CORAOPOLIS HEIGHTS ROAD, MOON TOWNSHIP PA 15108
Miguel Alvarez	officer: Senior Vice President	7575 WEST JEFFERSON BLVD., FORT WAYNE IN 46804
Mark D Millett	director, officer: President and CEO	7575 W JEFFERSON BLVD, FORT WAYNE IN 46804
Theresa E Wagler	officer: Executive Vice President & CFO	7575 W JEFFERSON BLVD, FORT WAYNE IN 46804
Russell B Rinn	officer: Executive Vice President	7575 WEST JEFFERSON BOULEVARD, FORT WAYNE IN 46804
Kenneth W. Cornew	director	10 SOUTH DEARBORN STREET, 54TH FLOOR, CHICAGO IL 60603