Worthington Industries Inc (WOR)
Current ratio
| Nov 30, 2024 | Aug 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 602,999 | 576,437 | 691,111 | 1,772,600 | 1,691,860 | 1,868,340 | 1,710,770 | 1,602,790 | 1,705,300 | 1,785,650 | 1,896,980 | 1,910,770 | 1,970,310 | 1,967,990 | 1,686,920 | 1,687,870 | 1,766,460 | 983,179 | 1,053,200 | 1,010,650 |
| Total current liabilities | US$ in thousands | 169,464 | 166,238 | 202,288 | 945,342 | 868,939 | 717,558 | 664,809 | 660,891 | 784,290 | 932,261 | 1,026,700 | 820,158 | 864,257 | 787,901 | 637,261 | 557,174 | 542,184 | 388,238 | 489,843 | 473,863 |
| Current ratio | 3.56 | 3.47 | 3.42 | 1.88 | 1.95 | 2.60 | 2.57 | 2.43 | 2.17 | 1.92 | 1.85 | 2.33 | 2.28 | 2.50 | 2.65 | 3.03 | 3.26 | 2.53 | 2.15 | 2.13 |
November 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $602,999K ÷ $169,464K
= 3.56
The current ratio of Worthington Industries Inc has shown fluctuations over the past few years. The ratio stood at around 2.13 in November 2019, indicating that the company had $2.13 in current assets for every $1 in current liabilities.
Subsequently, the ratio improved to 3.26 by August 2020, suggestive of a stronger liquidity position. However, there was a slight decrease in the current ratio to 2.65 by February 2021 and further declined to around 1.85 by February 2022, potentially signaling a liquidity strain.
Despite the fluctuations, the current ratio rebounded to 3.56 by November 2024, demonstrating a significant improvement in liquidity compared to previous periods. Overall, while the current ratio has shown some variability, it seems that the company has managed to maintain a relatively healthy liquidity position in recent years.
Peer comparison
Nov 30, 2024