Worthington Industries Inc (WOR)
Debt-to-assets ratio
| May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 1,638,640 | 3,650,920 | 3,643,020 | 3,373,240 | 2,331,520 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
May 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,638,640K
= 0.00
The debt-to-assets ratio of Worthington Industries Inc has consistently been 0.00 over the five-year period from May 31, 2020, to May 31, 2024. This indicates that the company has not utilized any debt to finance its assets during this period. A ratio of 0.00 implies that the company's assets are entirely funded by equity rather than debt, which may suggest strong financial stability and a lower risk of financial distress due to debt obligations. Worthington Industries Inc's ability to maintain a debt-to-assets ratio of 0.00 demonstrates a prudent and conservative approach to capital structure management.
Peer comparison
May 31, 2024