Worthington Industries Inc (WOR)
Debt-to-capital ratio
| Aug 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 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 300,009 | 297,695 | 298,549 | 298,083 | 689,718 | 689,339 | 693,453 | 690,011 | 696,345 | 700,739 | 701,892 | 706,130 | 710,031 | 708,511 | 707,340 | 707,331 | 699,516 | 698,552 | 698,531 | 698,612 |
| Total stockholders’ equity | US$ in thousands | 901,353 | 912,096 | 1,792,810 | 1,774,620 | 1,696,010 | 1,585,430 | 1,513,390 | 1,512,600 | 1,480,750 | 1,451,370 | 1,479,800 | 1,453,340 | 1,398,190 | 1,311,790 | 1,276,900 | 1,382,780 | 820,821 | 821,495 | 835,891 | 787,973 |
| Debt-to-capital ratio | 0.25 | 0.25 | 0.14 | 0.14 | 0.29 | 0.30 | 0.31 | 0.31 | 0.32 | 0.33 | 0.32 | 0.33 | 0.34 | 0.35 | 0.36 | 0.34 | 0.46 | 0.46 | 0.46 | 0.47 |
August 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $300,009K ÷ ($300,009K + $901,353K)
= 0.25
The debt-to-capital ratio of Worthington Industries Inc has ranged between 0.14 to 0.47 over the past few years. A lower debt-to-capital ratio indicates a lower level of debt relative to the company's total capital, suggesting stronger financial health and lower financial risk. On the other hand, a higher debt-to-capital ratio may signify that the company relies more heavily on debt financing, potentially exposing it to higher financial risks.
Worthington Industries Inc has shown some fluctuations in its debt-to-capital ratio over the periods analyzed, which could be due to changes in its capital structure, debt levels, or overall financial performance. It is important for investors and stakeholders to closely monitor these trends to assess the company's ability to manage its debt obligations and maintain a healthy balance between debt and equity in its capital structure.
Peer comparison
Aug 31, 2024