Steel Dynamics, Inc. (STLD) Quick Ratio (Acid-Test): 1.29
Is Steel Dynamics, Inc.’s quick ratio (acid-test) high or low?
Steel Dynamics, Inc.'s quick ratio (acid-test) of 1.29 is 20% below its 5-year average of 1.62, near the low end of its 5-year range (1.08–2.22).
As of Saturday, June 20, 2026. 8.86% above its 12-month average of 1.19.
STLD Quick Ratio (Acid-Test) Chart
STLD Average Quick Ratio (Acid-Test) Chart
STLD Current vs Average Quick Ratio (Acid-Test) Chart
STLD Quick Ratio (Acid-Test) Metrics
QUICK RATIO (ACID-TEST)
1.29
QUICK RATIO (ACID-TEST) AVG TTM
1.19
QUICK RATIO (ACID-TEST) AVG 3Y
1.57
QUICK RATIO (ACID-TEST) AVG 5Y
1.62
QUICK RATIO (ACID-TEST) AVG 10Y
1.96
QUICK RATIO (ACID-TEST) AVG 15Y
1.80
QUICK RATIO (ACID-TEST) AVG 20Y
1.63
CURRENT VS TTM AVG
+8.86%
CURRENT VS 3Y AVG
-17.57%
CURRENT VS 5Y AVG
-20.12%
CURRENT VS 10Y AVG
-34.21%
CURRENT VS 15Y AVG
-28.48%
CURRENT VS 20Y AVG
-20.81%
STLD Competitors' Quick Ratio (Acid-Test)
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Steel Dynamics, Inc. (STLD) | $36.04B | 1.29 | 1.19 | 1.57 | 1.62 |
| Martin Marietta Materials, Inc. (MLM)vs › | $36.58B | 2.36 | 1.88 | 1.91 | 1.88 |
| Vulcan Materials Company (VMC)vs › | $39.30B | 1.97 | 1.63 | 1.75 | 1.71 |
| Nutrien Ltd. (NTR)vs › | $30.24B | 0.70 | 0.67 | 0.65 | 0.66 |
| PPG Industries, Inc. (PPG)vs › | $26.35B | 1.22 | 1.08 | 1.07 | 1.05 |
| Dow Inc. (DOW)vs › | $22.87B | 1.25 | 1.11 | 1.15 | 1.13 |
| International Flavors & Fragrances Inc. (IFF)vs › | $19.59B | 0.82 | 1.07 | 1.06 | 1.08 |
| DuPont de Nemours, Inc. (DD)vs › | $19.55B | 1.91 | 1.40 | 1.73 | 1.93 |
| Corteva, Inc. (CTVA)vs › | $52.54B | 0.96 | 0.95 | 0.93 | 0.99 |
| CEMEX, S.A.B. de C.V. (CX)vs › | $18.47B | 0.62 | 0.60 | 0.54 | 0.55 |
Liquidity Comparison
Quick Ratio
1.29
Excludes inventory
Current Ratio
3.06
Includes inventory
Steel Dynamics, Inc. Quick Ratio (Acid-Test) Formula & Definition
Quick Ratio = (Current Assets − Inventory) / Current Liabilities
The quick ratio is a stricter liquidity measure that excludes inventory, showing the ability to meet short-term obligations with the most liquid assets.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Steel Dynamics, Inc. Quick Ratio (Acid-Test) FAQ
- What is the quick ratio (acid-test) for Steel Dynamics, Inc. (STLD)?
- The quick ratio (acid-test) for STLD stock is 1.29.
- Is Steel Dynamics, Inc.'s quick ratio (acid-test) high or low?
- Steel Dynamics, Inc.'s quick ratio (acid-test) of 1.29 is 20% below its 5-year average of 1.62, near the low end of its 5-year range (1.08–2.22).
- What is the TTM average quick ratio (acid-test) for Steel Dynamics, Inc. (STLD)?
- The TTM average quick ratio (acid-test) for STLD stock is 1.19.
- What is the 3Y average quick ratio (acid-test) for Steel Dynamics, Inc. (STLD)?
- The 3Y average quick ratio (acid-test) for STLD stock is 1.57.
- What is the 5Y average quick ratio (acid-test) for Steel Dynamics, Inc. (STLD)?
- The 5Y average quick ratio (acid-test) for STLD stock is 1.62.
- What is the 10Y average quick ratio (acid-test) for Steel Dynamics, Inc. (STLD)?
- The 10Y average quick ratio (acid-test) for STLD stock is 1.96.
- What is the 15Y average quick ratio (acid-test) for Steel Dynamics, Inc. (STLD)?
- The 15Y average quick ratio (acid-test) for STLD stock is 1.80.
- What is the 20Y average quick ratio (acid-test) for Steel Dynamics, Inc. (STLD)?
- The 20Y average quick ratio (acid-test) for STLD stock is 1.63.
Steel Dynamics, Inc. Quick Ratio (Acid-Test) History
| DATE | QUICK RATIO (ACID-TEST) |
|---|---|
| 2025-12-31 | 1.29 |
| 2024-12-31 | 1.08 |
| 2023-12-31 | 1.67 |
| 2022-12-31 | 2.22 |
| 2021-12-31 | 1.51 |
| 2020-12-31 | 1.92 |
| 2019-12-31 | 2.55 |
| 2018-12-31 | 2.13 |
| 2017-12-31 | 2.29 |
| 2016-12-31 | 2.32 |
| 2015-12-31 | 2.59 |
| 2014-12-31 | 1.59 |
| 2013-12-31 | 1.19 |
| 2012-12-31 | 1.79 |
| 2011-12-31 | 1.14 |
| 2010-12-31 | 1.58 |
| 2009-12-31 | 1.01 |
| 2008-12-31 | 0.71 |
| 2007-12-31 | 0.88 |
| 2006-12-31 | 1.17 |
| 2005-12-31 | 1.58 |
| 2004-12-31 | 1.27 |
| 2003-12-31 | 1.46 |
| 2002-12-31 | 1.39 |
| 2001-12-31 | 1.64 |
| 2000-12-31 | 1.77 |
| 1999-12-31 | 1.69 |
| 1998-12-31 | 1.58 |
| 1997-12-31 | 0.98 |
| 1996-12-31 | 1.49 |
Related Metrics
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.
- Sector
- Basic Materials
- Industry
- Steel
- CEO
- Mark D. Millett