Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Steel DynamicsSTLD +2.30%90 Cash-to-Debt is 0.14 as of Jun. 2026, which is 67% below its 10-year median of 0.43. GuruFocus rates STLD with a GF Score™ of 90/100 and a GF Value™ of $173.44 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 596 Steel companies, Steel Dynamics ranks worse than 72.15% on this metric.
Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Steel Dynamics's cash to debt ratio for the quarter that ended in Jun. 2026 was 0.14.
If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Steel Dynamicscouldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2026.
The historical rank and industry rank for Steel Dynamics's Cash-to-Debt or its related term are showing as below:
STLD'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.13 Med: 0.43 Max: 0.76
Current: 0.14
During the past 13 years, Steel Dynamics's highest Cash to Debt Ratio was 0.76. The lowest was 0.13. And the median was 0.43.
STLD's Cash-to-Debt is ranked worse than 72.15% of 596
companies
in the Steel industry
Industry Median: 0.39
vs STLD: 0.14
If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.
Steel Dynamics Cash-to-Debt Related Terms
Steel Dynamics Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for Steel Dynamics's Cash-to-Debt 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.
Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
For the Steel subindustry, Steel Dynamics's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Steel Dynamics Cash-to-Debt vs Steel Industry
For the Steel industry and Basic Materials sector, Steel Dynamics's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Steel Dynamics's Cash-to-Debt falls into.
* 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.
Steel Dynamics (STLD) has a Cash-to-Debt of 0.14 as of Jun. 2026. This is 67% below median its historical median of 0.43. Over the past decade, Steel Dynamics' Cash-to-Debt has ranged from 0.13 to 0.76. According to the industry distribution chart, Steel Dynamics ranks #430 out of 596 companies in the Steel industry, placing it in the top 72.1%.
Is Steel Dynamics' Cash-to-Debt too high?
Steel Dynamics' current Cash-to-Debt of 0.14 is 67% below median its 10-year median of 0.43. Over the past 10 years, this metric has ranged from a low of 0.13 to a high of 0.76. The Steel industry median Cash-to-Debt is 0.39. Steel Dynamics' value of 0.14 is 64.1% below this industry median. Based on the distribution chart, Steel Dynamics ranks #430 out of 596 companies in the Steel industry, which is below the industry midpoint. Overall, Steel Dynamics has a GF Score™ of 90/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Steel Dynamics' Cash-to-Debt compare to RS and NUE?
According to the Steel industry distribution chart, Steel Dynamics ranks #430 out of 596 companies for Cash-to-Debt. This places Steel Dynamics in the lower half of its industry. The industry median Cash-to-Debt is 0.39. Steel Dynamics' value of 0.14 is 64.1% below this benchmark. Historically, Steel Dynamics' own Cash-to-Debt has ranged from 0.13 to 0.76 over the past decade. While the company's 10-year median is 0.43 vs. the industry median of 0.39, Steel Dynamics has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for a Steel company?
The median Cash-to-Debt among Steel companies is 0.39, based on 596 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Steel Dynamics's current Cash-to-Debt of 0.14 is 64.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Steel industry, the median Cash-to-Debt is 0.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Steel Dynamics's current Cash-to-Debt is 0.14, which is 67% below median its own 10-year median of 0.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Steel Dynamics stock overvalued right now?
Based on GuruFocus' analysis, Steel Dynamics (STLD) is currently considered Significantly Overvalued. The stock's GF Value™ is $173.44, compared to a current price of $236.39 — trading 36.3% above its estimated fair value. The current Cash-to-Debt is 0.14, which is 67% below median its 10-year median of 0.43 and 64.1% below the Steel industry median of 0.39. Steel Dynamics' overall GF Score™ is 90/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For Steel Dynamics (STLD), the current Cash-to-Debt is 0.14 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Steel Dynamics (STLD) Overvalued in 2026?
Based on GuruFocus' analysis, Steel Dynamics stock appears to be overvalued.
The current stock price of $236.39 is trading 36.3% above its estimated GF Value™ of $173.44.
GuruFocus considers Steel Dynamics to be Significantly Overvalued.
Key valuation signals for STLD:
Cash-to-Debt: 0.14 (67% below median its 10-year median of 0.43)
GF Value™: $173.44 vs. price of $236.39 (36.3% above fair value)
Industry Position: 64.1% below the Steel median (#430 of 596)
No single metric tells the full story. See the STLD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Steel Dynamics Inc operates as a domestic steel producer and metal recycler in the United States. The company's product portfolio comprises hot rolled sheet, hot rolled plate, painted sheet products, cold rolled sheet, and others. Its reportable segments are steel operations, metals recycling operations, steel fabrication operations, and aluminum operations. Maximum revenue is generated from its steel operations segment, which consists of manufacturing various steel products and numerous coating operations. Its primary sources of revenue are currently from the manufacture and sale of steel products, the processing and sale of recycled ferrous and nonferrous metals, and the fabrication and sale of steel joists and deck products.
90GF Score
Get the complete analysis for STLD
Cash-to-Debt is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
STLD has been successfully added to your 
