Worthington Industries Inc (WOR)
Current ratio
| Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 633,964 | 602,999 | 576,437 | 673,893 | 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 |
| Total current liabilities | US$ in thousands | 180,388 | 169,464 | 166,238 | 178,376 | 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 |
| Current ratio | 3.51 | 3.56 | 3.47 | 3.78 | 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 |
February 28, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $633,964K ÷ $180,388K
= 3.51
The current ratio of Worthington Industries Inc has exhibited fluctuations over the period analyzed. Starting from May 31, 2020, the current ratio was 2.53, indicating that the company had $2.53 in current assets for every dollar of current liabilities. The ratio then increased to 3.26 by August 31, 2020, reflecting a stronger liquidity position.
Subsequently, the ratio declined slightly to 3.03 by November 30, 2020, and then further decreased to 2.65 by February 28, 2021. This downward trend continued until May 31, 2021, where the current ratio dropped to 2.50. The ratio improved to 2.28 by August 31, 2021, albeit still lower than the preceding year.
From there, the current ratio fluctuated, reaching a low of 1.85 by February 28, 2022, indicating potential liquidity challenges. The ratio then increased to 2.60 by May 31, 2023, before declining again to 1.88 by November 30, 2023, and finally rebounding to 3.78 by May 31, 2024. The current ratio remained robust at above 3 from May 31, 2024, to February 28, 2025, reflecting a healthy liquidity position during this period.
Overall, the analysis of Worthington Industries Inc's current ratio indicates varying levels of liquidity over time, with both strengths and weaknesses observed in managing current assets and liabilities. It is essential for stakeholders to monitor this ratio closely to assess the company's ability to meet short-term obligations effectively.
Peer comparison
Feb 28, 2025