Steel Dynamics Inc (STLD) — Working Capital to Net Assets Ratio
Steel Dynamics Inc (STLD) has a Working Capital to Net Assets ratio of 50.6% as of March 2026. Working capital of $4.62 Billion (current assets of $6.80 Billion minus current liabilities of $2.17 Billion) is measured against net assets of $9.13 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See STLD financial flexibility index to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Steel Dynamics Inc Working Capital to Net Assets (1995–2025)
This chart shows how Steel Dynamics Inc's Working Capital to Net Assets ratio has evolved across 31 annual periods from 1995 to 2025. As of March 2026, the ratio stands at 50.6%, reflecting working capital of $4.62 Billion against net assets of $9.13 Billion USD. See Steel Dynamics Inc liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Steel Dynamics Inc (1995–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Steel Dynamics Inc from 1995 to 2025, covering 31 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see Steel Dynamics Inc market cap and net worth.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 48.8% | $4.36 Billion | $8.93 Billion | $6.48 Billion | $2.12 Billion | ▲ +12.2 pp |
| 2024 | 36.7% | $3.28 Billion | $8.95 Billion | $5.43 Billion | $2.15 Billion | ▼ -13.7 pp |
| 2023 | 50.4% | $4.46 Billion | $8.84 Billion | $6.79 Billion | $2.33 Billion | ▼ -18.8 pp |
| 2022 | 69.2% | $5.61 Billion | $8.10 Billion | $7.64 Billion | $2.03 Billion | ▼ -4.7 pp |
| 2021 | 73.9% | $4.67 Billion | $6.32 Billion | $6.90 Billion | $2.23 Billion | ▲ +5.0 pp |
| 2020 | 69.0% | $3.00 Billion | $4.35 Billion | $4.26 Billion | $1.26 Billion | ▼ -10.9 pp |
| 2019 | 79.9% | $3.25 Billion | $4.06 Billion | $4.25 Billion | $1.01 Billion | ▲ +2.3 pp |
| 2018 | 77.5% | $3.01 Billion | $3.89 Billion | $4.03 Billion | $1.02 Billion | ▼ -2.3 pp |
| 2017 | 79.8% | $2.64 Billion | $3.31 Billion | $3.51 Billion | $868.52 Million | ▲ +3.1 pp |
| 2016 | 76.7% | $2.22 Billion | $2.89 Billion | $2.93 Billion | $712.82 Million | ▲ +1.8 pp |
| 2015 | 75.0% | $2.00 Billion | $2.67 Billion | $2.54 Billion | $535.29 Million | ▲ +2.3 pp |
| 2014 | 72.7% | $2.12 Billion | $2.92 Billion | $2.97 Billion | $850.58 Million | ▲ +15.3 pp |
| 2013 | 57.4% | $1.50 Billion | $2.61 Billion | $2.47 Billion | $975.18 Million | ▼ -10.7 pp |
| 2012 | 68.1% | $1.69 Billion | $2.48 Billion | $2.30 Billion | $609.68 Million | ▲ +10.9 pp |
| 2011 | 57.2% | $1.35 Billion | $2.37 Billion | $2.46 Billion | $1.10 Billion | ▼ -10.4 pp |
| 2010 | 67.5% | $1.44 Billion | $2.13 Billion | $2.00 Billion | $561.32 Million | ▲ +24.5 pp |
| 2009 | 43.0% | $861.24 Million | $2.00 Billion | $1.46 Billion | $595.56 Million | ▼ -2.7 pp |
| 2008 | 45.7% | $745.73 Million | $1.63 Billion | $1.72 Billion | $970.98 Million | ▼ -5.7 pp |
| 2007 | 51.4% | $791.70 Million | $1.54 Billion | $1.70 Billion | $904.53 Million | ▼ -0.3 pp |
| 2006 | 51.7% | $636.71 Million | $1.23 Billion | $1.04 Billion | $399.49 Million | ▼ -7.2 pp |
| 2005 | 58.9% | $518.56 Million | $880.99 Million | $725.73 Million | $207.18 Million | ▲ +6.6 pp |
| 2004 | 52.3% | $444.31 Million | $849.59 Million | $677.52 Million | $233.21 Million | ▲ +9.0 pp |
| 2003 | 43.3% | $254.63 Million | $587.85 Million | $407.94 Million | $153.30 Million | ▲ +5.8 pp |
| 2002 | 37.5% | $197.35 Million | $526.29 Million | $310.90 Million | $113.55 Million | ▼ -8.3 pp |
| 2001 | 45.8% | $194.09 Million | $423.34 Million | $312.20 Million | $118.11 Million | ▲ +6.6 pp |
| 2000 | 39.2% | $165.91 Million | $422.87 Million | $242.61 Million | $76.70 Million | ▼ -0.2 pp |
| 1999 | 39.5% | $155.20 Million | $393.20 Million | $225.80 Million | $70.60 Million | ▼ -6.7 pp |
| 1998 | 46.2% | $162.10 Million | $351.10 Million | $222.70 Million | $60.60 Million | ▲ +28.8 pp |
| 1997 | 17.4% | $58.80 Million | $337.60 Million | $135.30 Million | $76.50 Million | ▼ -18.8 pp |
| 1996 | 36.2% | $95.80 Million | $264.60 Million | $157.40 Million | $61.60 Million | ▲ +59.2 pp |
| 1995 | -23.0% | $-14.50 Million | $63.00 Million | $22.20 Million | $36.70 Million | — |