Steel Dynamics, Inc. balance sheet
At the end of its fiscal year on Dec 31, 2025, Steel Dynamics, Inc. reported total assets of $16.42B and shareholders' equity of $8.96B. That works out to liabilities equal to 46% of assets, a current ratio of 3.06 (current assets ÷ current liabilities), long-term debt of 0.47× shareholders' equity.
Balance sheet at each fiscal year end
| Fiscal year ended | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $6.42B | $6.86B | $7.70B | $8.28B | $9.27B | $12.53B | $14.16B | $14.91B | $14.94B | $16.42B |
| Current assets | $2.93B | $3.51B | $4.03B | $4.25B | $4.26B | $6.90B | $7.64B | $6.79B | $5.43B | $6.48B |
| Cash & equivalents | $841.48M | $1.03B | $828.22M | $1.38B | $1.37B | $1.24B | $1.63B | $1.40B | $589.46M | $769.88M |
| Total liabilities | $3.54B | $3.55B | $3.82B | $4.21B | $4.92B | $6.21B | $6.06B | $6.07B | $5.99B | $7.49B |
| Current liabilities | $712.82M | $868.52M | $1.02B | $1.01B | $1.26B | $2.23B | $2.03B | $2.33B | $2.15B | $2.12B |
| Long-term debt | $2.35B | $2.35B | $2.35B | $2.64B | $3.02B | $3.01B | $3.01B | $2.61B | $2.80B | $4.18B |
| Shareholders' equity | $2.93B | $3.35B | $3.94B | $4.08B | $4.35B | $6.30B | $8.13B | $8.87B | $8.93B | $8.96B |
| Reported in | 10-K 2018 | 10-K 2019 | 10-K 2020 | 10-K 2021 | 10-K 2022 | 10-K 2023 | 10-K 2024 | 10-K 2025 | 10-K 2026 | 10-K 2026 |
Balance-sheet figures are point-in-time values on the last day of each fiscal year. Some companies (for example banks and insurers) do not present current assets and liabilities; those cells show —.
Source: SEC EDGAR XBRL company facts for CIK 1022671 (raw data). Most recent filing in this dataset: 10-Q filed Oct 23, 2026. SEC data file dated Nov 3, 2026; page built Nov 5, 2026. Figures are as most recently reported, including restatements. How we select figures.