Nucor (NUE) Interest Expense : $-228 Mil (TTM As of Dec. 2024)

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What is Nucor Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Nucor's interest expense for the three months ended in Dec. 2024 was $ -52 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was $-228 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. Nucor's Operating Income for the three months ended in Dec. 2024 was $ 387 Mil. Nucor's Interest Expense for the three months ended in Dec. 2024 was $ -52 Mil. Nucor's Interest Coverage for the quarter that ended in Dec. 2024 was 7.40. 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.

Nucor Interest Expense Historical Data

The historical data trend for Nucor'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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Nucor Interest Expense Chart

Nucor Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Expense

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-166.61

-163.12

-218.91

-246.00

-228.00

Nucor Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Expense	Get a 7-Day Free Trial															-59.28	-43.49	-66.85	-65.38	-52.29

Nucor 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-228 Mil.

Nucor (NYSE:NUE) 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.

Nucor's Interest Expense for the three months ended in Dec. 2024 was $-52 Mil. Its Operating Income for the three months ended in Dec. 2024 was $387 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was $5,683 Mil.

Nucor's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	386.963	/	-52.285
	=	7.40

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

Nucor Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Nucor Corp (NYSE:NUE) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

1915 Rexford Road, Charlotte, NC, USA, 28211

Website

https://www.nucor.com

Nucor Corp manufactures steel and steel products. The company's reportable segments are steel mills, steel products, and raw materials. A majority of its revenue is derived from the steel mills segment, which is engaged in producing sheet steel (hot-rolled, cold-rolled, and galvanized), plate steel, structural steel (wide-flange beams, beam blanks, H-piling, and sheet piling), and bar steel products. Nucor manufactures steel principally from scrap steel and scrap steel substitutes using electric arc furnaces (EAFs) along with continuous casting and automated rolling mills. The steel mills segment sells its products mainly to steel service centers, fabricators, and manufacturers located in the United States, Canada, and Mexico.

Executives

Allen C Behr	officer: Executive Vice President	1915 REXFORD ROAD, CHARLOTTE NC 28211
Stephen D Laxton	officer: CFO, Treasurer and EVP	1915 REXFORD ROAD, CHARLOTTE NC 28211
Gregory J Murphy	officer: Executive Vice President	1915 REXFORD ROAD, CHARLOTTE NC 28211
Leon J Topalian	officer: Executive Vice President	1915 REXFORD ROAD, CHARLOTTE NC 28211
Kenneth Rex Query	officer: Executive Vice President	2100 REXFORD RD, CHARLOTTE NC 28211
Daniel R. Needham	officer: Executive Vice President	1915 REXFORD ROAD, CHARLOTTE NC 28211
D. Chad Utermark	officer: Executive Vice President	1915 REXFORD ROAD, CHARLOTTE NC 28211
Douglas J Jellison	officer: Executive Vice President	1915 REXFORD RD, CHARLOTTE NC 28211
Michael D Keller	officer: General Mgr. and Corp. Contro	1915 REXFORD ROAD, CHARLOTTE NC 28211
Nicholas C Gangestad	director	3M CENTER-OFFICE OF GENERAL COUNSEL, ST. PAUL MN 55144-1000
David A Sumoski	officer: Executive Vice President	1915 REXFORD ROAD, CHARLOTTE NC 28211
State Farm Mutual Automobile Insurance Co	10 percent owner	ONE STATE FARM PLAZA, BLOOMINGTON IL 61710
Noah C Hanners	officer: Executive Vice President	1915 REXFORD ROAD, CHARLOTTE NC 28211
John J Hollatz	officer: Executive Vice President	1915 REXFORD ROAD, CHARLOTTE NC 28211
Bradley Ford	officer: Executive Vice President	1915 REXFORD ROAD, CHARLOTTE NC 28211