Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principle payments will eventually prevent the firm from borrow excessively.
In most industries, total debt may also include current portion of long-term debt. Since debt terms vary widely from one company to another, simply comparing outstanding debt obligations between different companies may not be adequate. It is usually meaningful to compare total debt amounts between companies that operate within the same sector.
Nucor Total Debt Assessment
Based on latest financial disclosure Nucor Corporation has Total Debt of 4.42 B. This is 27.92% lower than that of Basic Materials sector, and 82.07% lower than that of Steel and Iron industry, The Total Debt for all stocks is 34.73% higher than the company.
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Nucor Corporation is rated below average in total debt category among related companies. Total debt of Steel and Iron industry is now estimated at about 102.4 Billion. Nucor holds roughly 4.42 Billion in total debt claiming about 4% of equities listed under Steel and Iron industry.
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