National Steel annual debt-to-equity ratio
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
National Steel Debt-to-Equity Ratio Growth & History (SID)
National Steel's debt-to-equity ratio was 4.20 for fiscal 2025.
View full National Steel company overviewNational Steel annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 4.20 | −0.56 | −11.84% |
| 2024 | 2024-12-31 | 4.76 | 2.12 | +80.24% |
| 2023 | 2023-12-31 | 2.64 | 0.48 | +22.13% |
| 2022 | 2022-12-31 | 2.16 | 0.52 | +31.63% |
| 2021 | 2021-12-31 | 1.64 | −1.98 | −54.65% |
| 2020 | 2020-12-31 | 3.62 | 2.42 | +200.80% |
| 2019 | 2019-12-31 | 1.20 | 0.55 | +85.08% |
| 2018 | 2018-12-31 | 0.65 | 0.43 | +199.16% |
| 2017 | 2017-12-31 | 0.22 | −4.70 | −95.58% |
| 2016 | 2016-12-31 | 4.91 | — | — |
National Steel quarterly debt-to-equity ratio
Q4.16
Q4.17
Q4.18
Q4.19
Q4.20
Q4.21
Q4.22
Q4.23
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 4.47 | 0.69 | +18.12% |
| Q1 2026 | 2026-03-31 | 4.01 | −0.06 | −1.58% |
| Q4 2025 | 2025-12-31 | 4.20 | −0.56 | −11.84% |
| Q3 2025 | 2025-09-30 | 3.76 | — | — |
| Q2 2025 | 2025-06-30 | 3.79 | — | — |
| Q1 2025 | 2025-03-31 | 4.07 | — | — |
| Q4 2024 | 2024-12-31 | 4.76 | 2.12 | +80.24% |
| Q4 2023 | 2023-12-31 | 2.64 | 0.48 | +22.13% |
| Q4 2022 | 2022-12-31 | 2.16 | 0.52 | +31.63% |
| Q4 2021 | 2021-12-31 | 1.64 | −1.98 | −54.65% |
| Q4 2020 | 2020-12-31 | 3.62 | 2.42 | +200.80% |
| Q4 2019 | 2019-12-31 | 1.20 | 0.55 | +85.08% |
| Q4 2018 | 2018-12-31 | 0.65 | 0.43 | +199.16% |
| Q4 2017 | 2017-12-31 | 0.22 | −4.70 | −95.58% |
| Q4 2016 | 2016-12-31 | 4.91 | — | — |
National Steel debt-to-equity ratio trends
Over the last five fiscal years, National Steel's debt-to-equity ratio increased from 3.62 to 4.20, a change of 0.57. The latest reported quarter, Q2 2026, shows 4.47.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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