Worthington Industries Inc (WOR)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 250,075 | 222,844 | 193,805 | 178,547 | 244,225 | 227,310 | 430,906 | 201,009 | 454,946 | 267,244 | 129,596 | 35,768 | 34,485 | 44,324 | 225,194 | 399,246 | 640,311 | 649,505 | 713,130 | 650,068 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 259,132 | -16,857 | 220,415 | 143,850 | 287,630 |
| Receivables | US$ in thousands | — | 206,391 | 194,342 | 173,208 | 217,117 | 221,787 | 646,337 | 700,880 | 224,549 | 731,518 | 714,502 | 820,663 | 878,049 | 859,411 | 738,312 | 718,368 | 641,922 | 529,119 | 445,183 | 425,425 |
| 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 |
| Quick ratio | 1.27 | 2.38 | 2.29 | 2.12 | 2.59 | 2.22 | 1.14 | 1.04 | 0.95 | 1.50 | 1.28 | 1.09 | 0.98 | 0.88 | 1.17 | 1.59 | 1.61 | 2.20 | 2.34 | 2.51 |
May 31, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($250,075K
+ $—K
+ $—K)
÷ $196,842K
= 1.27
The quick ratio of Worthington Industries Inc over the period from August 2020 to May 2025 exhibits notable fluctuations, indicating variations in the company's short-term liquidity position. Starting at a robust 2.51 in August 2020, the ratio experienced a gradual decline, reaching a low of 0.88 by February 2022. This decrease suggests that the company's ability to meet its immediate obligations with its most liquid assets diminished significantly during this period. From this nadir, the ratio generally trended upward, recovering to approximately 1.50 by February 2023, and fluctuating within a range roughly between 0.95 and 2.59 in subsequent periods, reflecting periods of improved liquidity. The highest reported value, 2.59, occurs in May 2024, indicating a strong liquidity position at that point. Conversely, the lowest point, 0.88, highlights periods where the company's quick assets may not have been sufficient to cover current liabilities easily. Overall, the pattern suggests a period of liquidity pressure in late 2021 and early 2022, followed by recovery and stabilization, with the ratio generally remaining above 1 in recent periods, reflecting an ability to meet short-term liabilities with quick assets despite some fluctuation.
Peer comparison
May 31, 2025