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Shares of Ryerson Holding Rank the Highest in Terms of Debt to Asset Ratio in the Steel Industry (RYI, SXC, STLD, HNH, ZEUS)

By David Diaz

Below are the three companies in the Steel industry with the highest debt to asset ratios. The Debt/Asset ratio shows the proportion of a company's assets that are financed through debt. If the ratio is greater than one, most of the company's assets are financed through debt.

Ryerson Holding ranks highest with a a debt to asset ratio of 61.08. Following is Suncoke Energy I with a a debt to asset ratio of 41.93. Steel Dynamics ranks third highest with a a debt to asset ratio of 34.74.

Handy & Harman L follows with a a debt to asset ratio of 32.91, and Olympic Steel rounds out the top five with a a debt to asset ratio of 32.63.

SmarTrend recommended that subscribers consider buying shares of Ryerson Holding on April 13th, 2018 as our technology indicated a new Uptrend was in progress when shares hit $9.30. Since that recommendation, shares of Ryerson Holding have risen 30.6%. We continue to monitor Ryerson Holding for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: highest debt to asset ratio ryerson holding suncoke energy i Steel Dynamics :hnh handy & harman l olympic steel

Ticker(s): RYI SXC STLD ZEUS