Worthington Industries Inc (WOR)
Financial leverage ratio
| Nov 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,657,020 | 1,645,270 | 1,704,690 | 3,584,140 | 3,476,690 | 3,650,920 | 3,497,670 | 3,390,660 | 3,510,140 | 3,643,020 | 3,738,160 | 3,517,630 | 3,547,760 | 3,373,240 | 3,137,870 | 3,027,380 | 3,131,050 | 2,331,520 | 2,429,080 | 2,408,960 |
| Total stockholders’ equity | US$ in thousands | 911,321 | 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 |
| Financial leverage ratio | 1.82 | 1.83 | 1.87 | 2.00 | 1.96 | 2.15 | 2.21 | 2.24 | 2.32 | 2.46 | 2.58 | 2.38 | 2.44 | 2.41 | 2.39 | 2.37 | 2.26 | 2.84 | 2.96 | 2.88 |
November 30, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,657,020K ÷ $911,321K
= 1.82
The financial leverage ratio of Worthington Industries Inc has exhibited fluctuations over the period under review. The ratio has been relatively stable around the range of 2.2 to 2.6, with minor variations in certain periods.
Notably, there was a significant decrease in the financial leverage ratio from August 31, 2023, where it dropped to 1.96, signifying potentially lower debt levels or increased equity in the company's capital structure. However, the ratio saw a slight increase in the subsequent periods.
Overall, the financial leverage ratio indicates that Worthington Industries Inc has been maintaining a moderate level of financial leverage, balancing its use of debt against equity in financing its operations and investments. Investors and stakeholders may view this as a prudent approach to capital structure management, providing a level of stability while leveraging debt to support business growth.
Peer comparison
Nov 30, 2024