Worthington Industries Inc (WOR)
Debt-to-capital ratio
| May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 888,879 | 1,696,010 | 1,480,750 | 1,398,190 | 820,821 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
May 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $888,879K)
= 0.00
Based on the data provided, Worthington Industries Inc has consistently maintained a debt-to-capital ratio of 0.00 from May 31, 2020, to May 31, 2024. This indicates that the company has not utilized debt as a significant portion of its capital structure during this period. A debt-to-capital ratio of 0.00 suggests that the company's capital is primarily funded by equity or internal sources rather than external debt financing. Worthington Industries Inc's low debt-to-capital ratio could signify a conservative financial approach and potentially less financial risk compared to companies with higher debt levels. The company's ability to operate with minimal debt could also indicate strong financial health and stability.
Peer comparison
May 31, 2024