Worthington Industries Inc (WOR)
Current ratio
| May 31, 2025 | May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 685,370 | 673,893 | 1,868,340 | 1,785,650 | 1,967,990 |
| Total current liabilities | US$ in thousands | 196,842 | 178,376 | 717,558 | 932,261 | 787,901 |
| Current ratio | 3.48 | 3.78 | 2.60 | 1.92 | 2.50 |
May 31, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $685,370K ÷ $196,842K
= 3.48
The current ratio of Worthington Industries Inc. has shown notable fluctuations over the period from May 2021 to May 2025. As of May 31, 2021, the current ratio stood at 2.50, indicating a comfortable liquidity position with current assets well more than twice the current liabilities. This ratio declined to 1.92 by May 31, 2022, reflecting a reduction in liquidity and potentially increased short-term financial pressures or increased current liabilities during that period.
Subsequently, the ratio recovered, reaching 2.60 on May 31, 2023, which suggests an improvement in short-term liquidity. The most significant change is observed with the 2024 figure, where the current ratio increased substantially to 3.78. This indicates a very strong liquidity position, with current assets surpassing current liabilities by a significant margin, which may imply a conservative approach toward liquidity management or accumulation of current assets.
By May 31, 2025, the current ratio slightly declined to 3.48, maintaining a high level of liquidity, though slightly below the peak observed in the previous year. Overall, the trend indicates that Worthington Industries Inc. has maintained a robust liquidity profile across the observed period, with particularly strong figures in the fiscal year ending 2024. The fluctuations reflect changes in the company's current asset and current liability composition over time, but the consistently high ratios suggest a generally prudent liquidity management approach.
Peer comparison
May 31, 2025