Worthington Industries Inc (WOR)
Current ratio
| May 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 685,370 | 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 |
| Total current liabilities | US$ in thousands | 196,842 | 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 |
| Current ratio | 3.48 | 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 |
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 exhibited notable fluctuations over the observed period. At the end of August 2020, the ratio stood at 3.26, indicating a strong liquidity position, with current assets significantly exceeding current liabilities. Over the subsequent months, the ratio declined steadily, reaching its lowest point of 1.85 by February 28, 2022. This downward trend suggests a gradual reduction in short-term liquidity, possibly reflecting increased current liabilities or a reduction in current assets relative to liabilities.
From March 2022 onward, the ratio experienced a moderate recovery, rising to 2.17 by August 31, 2022, and slightly surpassing previous levels to reach 2.43 by November 30, 2022. This upward movement indicates an improvement in liquidity position. The ratio continued its positive trend, reaching 2.57 in February 2023 and slightly increasing to 2.60 in May 2023, signaling a stable short-term financial position.
However, a decline was observed afterward, with the ratio falling to 1.95 in August 2023 and further to 1.88 by November 2023. Despite this decrease, the current ratio remained above 1.8, indicating that current assets continued to cover current liabilities adequately.
In the most recent data points, the ratio demonstrates a significant increase, reaching 3.42 in February 2024 and climbing further to 3.78 by May 2024. As of August 31, 2024, the ratio stands at 3.47, with a slight decline to 3.56 by November 30, 2024. The ratio remains well above 3, suggesting a robust liquidity buffer. The most recent figures for February and May 2025 show ratios of 3.51 and 3.48, respectively, maintaining a strong liquidity profile.
Overall, the company's current ratio has experienced periods of decline followed by substantial recovery, with current ratios generally remaining above 1.8, and frequently exceeding 3 in recent periods. These trends indicate that Worthington Industries Inc. maintains a strong short-term liquidity position, with significant current assets relative to its current liabilities, although there has been variability over time that warrants continuous monitoring.
Peer comparison
May 31, 2025