Steel Dynamics (STLD) Interest Coverage Ratio: History & Chart

Steel Dynamics, Inc.(STLD)

Steel · Fort Wayne, IN

$234.46-10.89 (-4.44%)

Delayed quote: Sep 18, 2026, 2:20 PM EDT

About Steel Dynamics, Inc.

Steel Dynamics, Inc. is a prominent American steel manufacturer and metal recycling enterprise, conducting its operations through three distinct business divisions. The Steel Operations segment is responsible for producing a broad range of steel products, including hot, cold, and coated rolled steel, various structural shapes like beams, channels, and angles, flat and reinforcing bars, and a diverse selection of rail and engineered steel bar products. This segment also provides specialized processing services for both bar products (such as turning, polishing, and heat treating) and specialty items (including cutting, welding, and galvanizing). Its offerings cater to numerous industries, such as construction, automotive, manufacturing, transportation, heavy and agricultural equipment, and pipe and tube production. Sales are channeled directly to end-users, steel fabricators, and service centers. The Metals Recycling Operations division focuses on acquiring, processing, and reselling ferrous (e.g., heavy melting steel, shredded scrap, cast iron) and nonferrous (e.g., aluminum, copper, stainless steel) scrap metals, transforming them into reusable materials. This division further offers supplementary services including transportation logistics, marketing, brokerage, and scrap management. The Steel Fabrication Operations segment manufactures crucial components for commercial building construction, such as steel joists, girders, trusses, and steel deck products. Established in 1993 and headquartered in Fort Wayne, Indiana, the company also engages in exporting its products internationally.

Fort Wayne, IN

14,400 employees

www.steeldynamics.com

Basic Materials / Steel

Sector: Basic Materials
Industry: Steel
CEO: Mark D. Millett

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STLD Interest Coverage Ratio Metrics

INTEREST COVERAGE RATIO

21.07x

INTEREST COVERAGE RATIO AVG TTM

21.64x

INTEREST COVERAGE RATIO AVG 3Y

31.01x

INTEREST COVERAGE RATIO AVG 5Y

45.57x

INTEREST COVERAGE RATIO AVG 10Y

22.42x

INTEREST COVERAGE RATIO AVG 15Y

12.81x

INTEREST COVERAGE RATIO AVG 20Y

10.96x

CURRENT VS TTM AVG

-2.64%

CURRENT VS 3Y AVG

-32.05%

CURRENT VS 5Y AVG

-53.76%

CURRENT VS 10Y AVG

-6.01%

CURRENT VS 15Y AVG

+64.42%

CURRENT VS 20Y AVG

+92.23%

SECTOR MEDIAN · BASIC MATERIALS

9.13x

median of 52 covered companies

CURRENT VS SECTOR MEDIAN

+130.90%

vs the sector median at left

NAME	MARKET CAP	INTEREST COVERAGE RATIO	TTM	3Y	5Y
Steel Dynamics, Inc. (STLD)	$33.60B	21.07x	21.64x	31.01x	45.57x
Teck Resources Limited (TECK)vs ›	$31.52B	2.17x	2.17x	39.25x	57.54x
Vulcan Materials Company (VMC)vs ›	$31.27B	3.41x	5.28x	5.86x	6.14x
Nutrien Ltd. (NTR)vs ›	$37.09B	5.31x	4.89x	8.75x	7.80x
Martin Marietta Materials, Inc. (MLM)vs ›	$29.49B	6.65x	11.34x	9.87x	9.13x
PPG Industries, Inc. (PPG)vs ›	$23.27B	9.00x	9.25x	9.18x	10.59x
Royal Gold, Inc. (RGLD)vs ›	$21.33B	28.40x	36.25x	27.89x	42.77x
International Flavors & Fragrances Inc. (IFF)vs ›	$21.17B	3.68x	3.09x	3.09x	3.13x
Dow Inc. (DOW)vs ›	$20.76B	0.30x	1.51x	3.66x	4.83x
Coeur Mining, Inc. (CDE)vs ›	$20.48B	24.26x	13.73x	13.73x	12.58x

NAME

MARKET CAP

INTEREST COVERAGE RATIO

TTM

Steel Dynamics, Inc. (STLD)

$33.60B

21.07x

21.64x

31.01x

45.57x

Teck Resources Limited (TECK)vs ›

$31.52B

2.17x

39.25x

57.54x

Vulcan Materials Company (VMC)vs ›

$31.27B

3.41x

5.28x

5.86x

6.14x

Nutrien Ltd. (NTR)vs ›

$37.09B

5.31x

4.89x

8.75x

7.80x

Martin Marietta Materials, Inc. (MLM)vs ›

$29.49B

6.65x

11.34x

9.87x

9.13x

PPG Industries, Inc. (PPG)vs ›

$23.27B

9.00x

9.25x

9.18x

10.59x

Royal Gold, Inc. (RGLD)vs ›

$21.33B

28.40x

36.25x

27.89x

42.77x

International Flavors & Fragrances Inc. (IFF)vs ›

$21.17B

3.68x

3.09x

3.13x

Dow Inc. (DOW)vs ›

$20.76B

0.30x

1.51x

3.66x

4.83x

Coeur Mining, Inc. (CDE)vs ›

$20.48B

24.26x

13.73x

12.58x

Interest Coverage Ratio FAQ

What is the interest coverage ratio for Steel Dynamics, Inc. (STLD)?

The interest coverage ratio for STLD stock is 21.07x.

Is Steel Dynamics, Inc.'s interest coverage ratio high or low?

The interest coverage ratio of 21.07x is 54% below its 5-year average of 45.57x, near the low end of its 5-year range (11.51x–115.83x).

What is the TTM average interest coverage ratio for Steel Dynamics, Inc. (STLD)?

The TTM average interest coverage ratio for STLD stock is 21.64x.

What is the 3Y average interest coverage ratio for Steel Dynamics, Inc. (STLD)?

The 3Y average interest coverage ratio for STLD stock is 31.01x.

What is the 5Y average interest coverage ratio for Steel Dynamics, Inc. (STLD)?

The 5Y average interest coverage ratio for STLD stock is 45.57x.

What is the 10Y average interest coverage ratio for Steel Dynamics, Inc. (STLD)?

The 10Y average interest coverage ratio for STLD stock is 22.42x.

What is the 15Y average interest coverage ratio for Steel Dynamics, Inc. (STLD)?

The 15Y average interest coverage ratio for STLD stock is 12.81x.

What is the 20Y average interest coverage ratio for Steel Dynamics, Inc. (STLD)?

The 20Y average interest coverage ratio for STLD stock is 10.96x.

DATE	INTEREST COVERAGE RATIO
2026-06-30	19.57x
2026-03-31	17.69x
2025-12-31	11.51x
2025-09-30	37.41x
2025-06-30	22.03x
2025-03-31	22.68x
2024-12-31	16.29x
2024-09-30	23.16x
2024-06-30	43.96x
2024-03-31	62.70x
2023-12-31	35.05x
2023-09-30	39.83x
2023-06-30	51.22x
2023-03-31	37.12x
2022-12-31	31.82x
2022-09-30	48.13x
2022-06-30	63.04x
2022-03-31	89.68x
2021-12-31	115.83x
2021-09-30	104.07x
2021-06-30	64.15x
2021-03-31	34.41x
2020-12-31	12.81x
2020-09-30	8.22x
2020-06-30	5.73x
2020-03-31	9.77x
2019-12-31	5.63x
2019-09-30	7.28x
2019-06-30	8.82x
2019-03-31	9.38x
2018-12-31	11.55x
2018-09-30	16.84x
2018-06-30	15.93x
2018-03-31	10.14x
2017-12-31	6.05x
2017-09-30	7.93x
2017-06-30	7.83x
2017-03-31	9.85x
2016-12-31	1.55x
2016-09-30	7.84x
2016-06-30	6.99x
2016-03-31	3.56x
2015-12-31	-10.41x
2015-09-30	3.53x
2015-06-30	2.09x
2015-03-31	2.32x
2014-12-31	-1.81x
2014-09-30	5.91x
2014-06-30	4.39x
2014-03-31	2.65x
2013-12-31	3.52x
2013-09-30	3.66x
2013-06-30	2.20x
2013-03-31	2.78x
2012-12-31	2.72x
2012-09-30	1.75x
2012-06-30	2.52x
2012-03-31	2.91x
2011-12-31	1.87x
2011-09-30	2.43x
2011-06-30	4.20x
2011-03-31	4.74x
2010-12-31	1.04x
2010-09-30	1.56x
2010-06-30	2.68x
2010-03-31	3.53x
2009-12-31	2.34x
2009-09-30	4.30x
2009-06-30	0.17x
2009-03-31	-3.13x
2008-12-31	-0.63x
2008-09-30	8.98x
2008-06-30	10.09x
2008-03-31	8.45x
2007-12-31	3.22x
2007-09-30	11.91x
2007-06-30	23.29x
2007-03-31	23.64x
2006-12-31	5.46x
2006-09-30	26.67x
2006-06-30	19.21x
2006-03-31	16.12x
2005-12-31	3.32x
2004-12-31	3.60x
2004-09-30	18.46x

DATE

INTEREST COVERAGE RATIO

2026-06-30

19.57x

2026-03-31

17.69x

2025-12-31

11.51x

2025-09-30

37.41x

2025-06-30

22.03x

2025-03-31

22.68x

2024-12-31

16.29x

2024-09-30

23.16x

2024-06-30

43.96x

2024-03-31

62.70x

2023-12-31

35.05x

2023-09-30

39.83x

2023-06-30

51.22x

2023-03-31

37.12x

2022-12-31

31.82x

2022-09-30

48.13x

2022-06-30

63.04x

2022-03-31

89.68x

2021-12-31

115.83x

2021-09-30

104.07x

2021-06-30

64.15x

2021-03-31

34.41x

2020-12-31

12.81x

2020-09-30

8.22x

2020-06-30

5.73x

2020-03-31

9.77x

2019-12-31

5.63x

2019-09-30

7.28x

2019-06-30

8.82x

2019-03-31

9.38x

2018-12-31

11.55x

2018-09-30

16.84x

2018-06-30

15.93x

2018-03-31

10.14x

2017-12-31

6.05x

2017-09-30

7.93x

2017-06-30

7.83x

2017-03-31

9.85x

2016-12-31

1.55x

2016-09-30

7.84x

2016-06-30

6.99x

2016-03-31

3.56x

2015-12-31

-10.41x

2015-09-30

3.53x

2015-06-30

2.09x

2015-03-31

2.32x

2014-12-31

-1.81x

2014-09-30

5.91x

2014-06-30

4.39x

2014-03-31

2.65x

2013-12-31

3.52x

2013-09-30

3.66x

2013-06-30

2.20x

2013-03-31

2.78x

2012-12-31

2.72x

2012-09-30

1.75x

2012-06-30

2.52x

2012-03-31

2.91x

2011-12-31

1.87x

2011-09-30

2.43x

2011-06-30

4.20x

2011-03-31

4.74x

2010-12-31

1.04x

2010-09-30

1.56x

2010-06-30

2.68x

2010-03-31

3.53x

2009-12-31

2.34x

2009-09-30

4.30x

2009-06-30

0.17x

2009-03-31

-3.13x

2008-12-31

-0.63x

2008-09-30

8.98x

2008-06-30

10.09x

2008-03-31

8.45x

2007-12-31

3.22x

2007-09-30

11.91x

2007-06-30

23.29x

2007-03-31

23.64x

2006-12-31

5.46x

2006-09-30

26.67x

2006-06-30

19.21x

2006-03-31

16.12x

2005-12-31

3.32x

2004-12-31

3.60x

2004-09-30

18.46x

Interest Coverage Ratio: 21.07x

STLD Interest Coverage Ratio

STLD Average Interest Coverage Ratio Chart

STLD Current vs Average Interest Coverage Ratio Chart

STLD Interest Coverage Ratio Metrics

STLD Competitors' Interest Coverage Ratio

Financial Health Indicators

Interest Coverage Ratio Formula & Definition

Interest Coverage Ratio FAQ

STLD Interest Coverage Ratio History

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