Is it safe?
Can STLD take a bad year?
Steel Dynamics, Inc. carries $3.61B of net debt at 1.35× EBITDA: a load its earnings can carry.
$3.61B
Net debt · as at Q2 2026 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 1.35×
Net debt / EBITDA · 1.82× a year ago · the load is coming down
- Altman Z-score
- 5.80
Altman Z-score · safe zone, above 3
- Interest cover
- 18.2×
Interest cover · operating profit covers the interest bill several times over
Details›
- Total debtQ2 2026
- $4.18B
- Cash and short-term investments
- $568M
- Net debt
- $3.61B
- EBITDA, trailing twelve months
- $2.67B
- Operating profit, trailing twelve months
- $2.06B
- Debt / equity
- 0.44×
- Total debt / EBITDA
- 1.56×
- Annualised volatilitytwo years of daily moves
- 37%
- Worst drawdown on file
- −68%
- Below its 52-week high
- −17%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.