Worthington Industries Inc (WOR)
Debt-to-equity 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-equity ratio | 0.33 | 0.33 | 0.17 | 0.17 | 0.41 | 0.43 | 0.46 | 0.46 | 0.47 | 0.48 | 0.47 | 0.49 | 0.51 | 0.54 | 0.55 | 0.51 | 0.85 | 0.85 | 0.84 | 0.89 |
August 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $300,009K ÷ $901,353K
= 0.33
The debt-to-equity ratio of Worthington Industries Inc has shown fluctuations over the past several periods, ranging from 0.17 to 0.89. A lower debt-to-equity ratio indicates less reliance on debt financing compared to equity, while a higher ratio suggests higher debt levels relative to equity.
In the most recent period, as of August 31, 2024, the company had a debt-to-equity ratio of 0.33, which indicates a moderate level of debt compared to equity. This ratio has remained relatively stable over the previous few periods, hovering around the 0.3 to 0.5 range, with occasional spikes to 0.85 and 0.89.
Overall, the trend in Worthington Industries Inc's debt-to-equity ratio suggests that the company has been managing its debt levels effectively, maintaining a balanced capital structure. Investors and stakeholders may view the moderate debt-to-equity ratio as a positive sign of financial stability and prudent risk management. However, it would be important to monitor any significant shifts in this ratio in future periods to assess the company's changing debt financing strategies.
Peer comparison
Aug 31, 2024