Worthington Industries Inc (WOR)

Debt-to-assets 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
Long-term debt US$ in thousands
Total assets US$ in thousands 1,682,000 1,657,020 1,645,270 1,679,480 1,704,690 3,584,140 3,476,690 3,650,920 3,497,670 3,390,660 3,510,140 3,643,020 3,738,160 3,517,630 3,547,760 3,373,240 3,137,870 3,027,380 3,131,050 2,331,520
Debt-to-assets ratio 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

February 28, 2025 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,682,000K
= 0.00

The debt-to-assets ratio for Worthington Industries Inc has consistently remained at 0.00 from May 31, 2020, to February 28, 2025. This indicates that the company has not utilized debt as a source of financing in relation to its total assets during this period. A debt-to-assets ratio of 0.00 suggests that the company has either paid off all its debt or operates with minimal debt relative to its asset base. Worthington Industries Inc's strong financial position, with no debt burden, may indicate a lower risk profile and potentially greater financial stability. However, it is important to note that a very low debt-to-assets ratio may also imply missed opportunities for leveraging debt for potential growth or expansion strategies.


Peer comparison

Feb 28, 2025

Company name
Symbol
Debt-to-assets ratio
Worthington Industries Inc
WOR
0.00
Gibraltar Industries Inc
ROCK
0.00
Insteel Industries Inc
IIIN
0.00
Worthington Steel Inc
WS
0.00