Worthington Industries Inc (WOR)
Debt-to-capital ratio
| May 31, 2025 | May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 937,187 | 888,879 | 1,696,010 | 1,480,750 | 1,398,190 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
May 31, 2025 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $937,187K)
= 0.00
The provided data indicates that Worthington Industries Inc has maintained a consistent debt-to-capital ratio of zero from May 31, 2021, through May 31, 2025. This suggests that the company's capital structure during this period was composed entirely of equity financing, with no reported debt. Such a position implies a conservative financial leverage profile, with no reliance on debt to fund operations or growth initiatives, potentially reflecting a strategic choice to maintain financial stability or a capacity to operate without leverage. The sustained absence of debt over multiple years indicates strong liquidity and a possibly lower financial risk profile, although it may also suggest limited use of debt for leveraging growth opportunities.
Peer comparison
May 31, 2025