Worthington Industries Inc (WOR)
Current ratio
| 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 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 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 | 1,030,090 | 1,165,910 |
| Total current liabilities | US$ in thousands | 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 | 482,674 | 698,020 |
| Current ratio | 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 | 2.13 | 1.67 |
February 29, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $691,111K ÷ $202,288K
= 3.42
The current ratio of Worthington Industries Inc has shown fluctuations over the past 20 quarters. The current ratio measures the company's ability to meet its short-term obligations with its current assets.
The current ratio has seen significant variability, ranging from a low of 1.67 to a high of 3.42. This indicates fluctuations in the company's liquidity position over the period under review.
In recent quarters, the current ratio has generally been above 2, suggesting the company has been able to cover its short-term liabilities comfortably with its current assets. A current ratio above 1 indicates that the company has more current assets than current liabilities, which is generally considered favorable.
Overall, Worthington Industries Inc's current ratio has demonstrated reasonable stability, albeit with some fluctuations. It is essential for investors and stakeholders to monitor the current ratio over time to assess the company's liquidity position and financial health.
Peer comparison
Feb 29, 2024