Worthington Steel Inc (WS)
Cash ratio
| May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | — | 63,300 | 52,000 | 36,000 | 40,200 | 60,800 | 214,400 | 27,401 | 32,678 | 32,678 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 631,500 | 521,000 | 467,700 | 557,900 | 618,400 | 645,400 | 595,300 | 612,492 | 478,390 | 478,390 |
| Cash ratio | 0.00 | 0.12 | 0.11 | 0.06 | 0.07 | 0.09 | 0.36 | 0.04 | 0.07 | 0.07 |
May 31, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($—K
+ $—K)
÷ $631,500K
= 0.00
The cash ratio of Worthington Steel Inc. has demonstrated considerable variability across the observed periods. As of February 28, 2023, and May 31, 2023, the company maintained a cash ratio of 0.07, indicating that its cash and cash equivalents covered approximately 7% of its current liabilities. This ratio declined slightly to 0.04 by August 31, 2023, reflecting a reduction in the company's immediate liquidity.
A notable increase occurred by November 30, 2023, when the cash ratio surged to 0.36, suggesting that the company significantly improved its liquidity position, with cash and cash equivalents covering about 36% of current liabilities at that time.
Subsequent periods showed fluctuations, with the ratio declining again to 0.09 in February 29, 2024, and remaining relatively stable around 0.07 to 0.06 through May and August 2024. By November 30, 2024, the ratio increased modestly to 0.11, indicating a slight improvement in liquidity.
The most recent data from February 28, 2025, shows a cash ratio of 0.12, representing a modest improvement over prior periods. Conversely, the measurement from May 31, 2025, dropped to 0.00, suggesting a significant deterioration in the company's cash position relative to current liabilities at that point.
Overall, the cash ratio of Worthington Steel Inc. has exhibited considerable fluctuations over the analyzed periods, with the highest level observed in late 2023, and the most recent data indicating a significant decline. This pattern may reflect ongoing changes in the company’s cash management strategies, liquidity needs, or operational shifts, emphasizing the importance of further analysis to understand underlying causes and implications for financial stability.
Peer comparison
May 31, 2025