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Nucor's Leverage Ratio
NUE's quarterly Leverage Ratio and Total Liabilities, Equity growth
Despite a net increase in borrowings by 2.8%, Nucor managed to enhance Leverage Ratio in the third quarter 2023 to 0.64, falling below the company's typical Leverage Ratio.
Within Iron & Steel industry in the third quarter 2023, 8 other companies have achieved lower Leverage Ratio than Nucor in the III Quarter 2023. While Leverage Ratio total ranking has improved so far in the third quarter 2023 to 801, from total ranking in the second quarter 2023 at 872 .
Explain Leverage Ratio?
Who are NUE Customers?
What are NUE´s Total Liabilities?
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Select the Comparisons :
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Select the Ratio:
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| NUE Leverage Ratio |
(Sep 30 2023)
III. Quarter |
(Jul 01 2023)
II. Quarter |
(Apr 01 2023)
I. Quarter |
(Dec 31 2022)
IV. Quarter |
(Jul 02 2022)
II. Quarter |
| Y / Y Equity Change |
20.48 % |
29.72 % |
5.87 % |
34.01 % |
27.97 % |
| Y / Y Total Liabilities Change |
-7.12 % |
-0.02 % |
-7.9 % |
19.12 % |
28.91 % |
| Leverage Ratio MRQ |
0.64 |
0.64 |
0.66 |
0.72 |
0.83 |
| NUE's Total
Ranking |
# 801 |
# 872 |
# 1564 |
# 1673 |
# |
| Seq. Equity Change |
2.71 % |
5.07 % |
1.84 % |
9.62 % |
10.59 % |
| Seq. Total Liabilities Change |
2.8 % |
1.49 % |
-5.94 % |
-5.35 % |
10.66 % |
| Leverage Ratio third quarter 2023 Company Ranking |
| Within: |
No. |
| Iron & Steel Industry |
# 9 |
| Basic Materials Sector |
# 63 |
| Overall Market |
# 801 |
| Leverage Ratio Statistics |
| High |
Average |
Low |
| 1.11 |
0.83 |
0.6 |
| (Dec 31 2013) |
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(March 31, 2009) |
Cumulative Nucor's Leverage Ratio
NUE's Leverage Ratio for the trailling 12 Months
NUE Leverage Ratio |
(Sep 30 2023)
III. Quarter |
(Jul 01 2023)
II. Quarter |
(Apr 01 2023)
I. Quarter |
(Dec 31 2022)
IV. Quarter |
(Jul 02 2022)
II. Quarter |
| Y / Y Equity TTM Growth |
20.48 % |
29.72 % |
5.87 % |
34.01 % |
27.97 % |
| Y / Y Total Liabilities TTM Growth |
-7.12 % |
-0.02 % |
-7.9 % |
19.12 % |
28.91 % |
| Leverage Ratio TTM |
0.67 |
0.71 |
0.76 |
0.78 |
0.81 |
| Total
Ranking TTM |
# 6
| # 6
| # 6
| # 80
| #
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| Seq. Equity TTM Growth |
2.71 % |
5.07 % |
1.84 % |
9.62 % |
10.59 % |
| Seq. Total Liabilities TTM Growth |
2.8 % |
1.49 % |
-5.94 % |
-5.35 % |
10.66 % |
On the trailing twelve months basis Despite of the net new borrowings of 2.8% during the twelve months period ending in III Quarter 2023 Nucor has managed to decrease Leverage Ratio in the III Quarter 2023 to 0.67, below Nucor's average Leverage Ratio. Leverage Ratio is the average cumulative value over the last four quarters.
Among companies in the Iron & Steel industry NUE recorded the lowest Leverage Ratio. While total ranking remained unchanged compared to previous 12 month period at no. 6.
Explain Leverage Ratio?
Who are NUE Customers?
What are NUE´s Total Liabilities?
| TTM Leverage Ratio Company Ranking |
| Within: |
No. |
| Within the Iron & Steel Industry |
# 0 |
| Basic Materials Sector |
# 2 |
| Within the Market |
# 6 |
| trailing twelve months Leverage Ratio Statistics |
| High |
Average |
Low |
| 1 |
0.8 |
0.62 | | (Dec. 30, 2014) |
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(Sep 30 2023) |
| Companies with similar Leverage Ratio in the quarter ending Sep 30 2023, within Iron & Steel Industry | Leverage Ratio | Sep 30 2023 MRQ Total Liabilities | Sep 30 2023 MRQ Equity | | Ryerson Holding Corporation | 1.74 | $ 1,551.400 Millions | $ 891.100 Millions | | Suncoke Energy Inc | 1.67 | $ 1,070.900 Millions | $ 641.800 Millions | | Ascent Industries Co | 1.23 | $ 118.889 Millions | $ 96.302 Millions | | Carpenter Technology Corporation | 1.15 | $ 1,647.500 Millions | $ 1,429.300 Millions | | L b Foster Company | 1.01 | $ 143.933 Millions | $ 142.128 Millions | | Worthington Industries Inc | 0.89 | $ 1,702.069 Millions | $ 1,901.916 Millions | | United States Steel Corp | 0.85 | $ 9,391.000 Millions | $ 11,004.000 Millions | | Olympic Steel Inc | 0.81 | $ 443.485 Millions | $ 549.321 Millions | | Friedman Industries Inc | 0.72 | $ 90.893 Millions | $ 126.809 Millions | | Posco Holdings Inc | 0.70 | $ 38,955.576 Millions | $ 55,426.698 Millions | | Arcelormittal | 0.68 | $ 37,849.000 Millions | $ 56,068.000 Millions | | Nucor Corporation | 0.64 | $ 13,802.069 Millions | $ 21,509.082 Millions | | Haynes International inc | 0.63 | $ 271.957 Millions | $ 434.324 Millions | | Commercial Metals Company | 0.61 | $ 2,518.221 Millions | $ 4,121.114 Millions | | Steel Dynamics Inc | 0.61 | $ 5,280.760 Millions | $ 8,687.079 Millions | | Universal Stainless and Alloy Products Inc | 0.60 | $ 133.802 Millions | $ 222.995 Millions | | Mag Mile Capital Inc | 0.58 | $ 0.506 Millions | $ 0.873 Millions | | Timkensteel Corporation | 0.54 | $ 391.000 Millions | $ 730.300 Millions | | Northwest Pipe Co | 0.46 | $ 155.782 Millions | $ 335.138 Millions | | Ternium S a | 0.44 | $ 7,367.245 Millions | $ 16,811.859 Millions | | Gibraltar Industries Inc | 0.29 | $ 261.399 Millions | $ 889.849 Millions | | Reliance Inc | 0.27 | $ 2,061.600 Millions | $ 7,735.200 Millions | | Tenaris Sa | 0.24 | $ 4,051.458 Millions | $ 17,030.437 Millions | | Gerdau S a | 0.23 | $ 2,182.865 Millions | $ 9,355.384 Millions |
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