Worthington Industries Inc (WOR)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
May 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $888,879K
= 0.00
The debt-to-equity ratio for Worthington Industries Inc has consistently been reported as 0.00 for the fiscal years ending May 31, from 2020 to 2024. This indicates that the company has had no financial leverage through debt during this period. A debt-to-equity ratio of 0.00 typically implies that the company is primarily financed through equity rather than debt, suggesting a lower financial risk profile. Worthington Industries Inc's stable and low debt-to-equity ratio may be viewed positively by investors and creditors as it shows a strong financial position and a conservative approach to capital structure.
Peer comparison
May 31, 2024