Worthington Steel Inc (WS)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | — | 912,600 | 857,400 | 955,500 | 1,001,800 | 1,022,900 | 1,086,500 | 1,058,390 | 980,886 | 980,886 |
| 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 |
| Current ratio | 0.00 | 1.75 | 1.83 | 1.71 | 1.62 | 1.58 | 1.83 | 1.73 | 2.05 | 2.05 |
May 31, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $—K ÷ $631,500K
= 0.00
The analysis of Worthington Steel Inc.'s current ratio over the specified periods reveals fluctuations indicative of changes in short-term liquidity position. As of February 28, 2023, and May 31, 2023, the company's current ratio was stable at 2.05, suggesting a solid liquidity buffer with current assets well exceeding current liabilities. However, a decline is observed by August 31, 2023, where the ratio decreases to 1.73, signaling a relative contraction in liquidity but still maintaining a relatively adequate position.
The ratio increases slightly to 1.83 on November 30, 2023, indicating a modest improvement in liquidity. A more significant deterioration is seen by February 29, 2024, when the ratio drops to 1.58, continuing a downward trend. This pattern persists into May 31, 2024, with the ratio decreasing further to 1.62, followed by recovery to 1.71 on August 31, 2024. The most recent data point, November 30, 2024, indicates a return to 1.83, reflecting a temporary stabilization or slight improvement in short-term liquidity.
The data from February 28, 2025, shows a ratio of 1.75, maintaining near previous levels. Notably, the May 31, 2025, figure reports a ratio of zero, which may suggest missing or erroneous data, or a potential reporting issue, and should be interpreted with caution.
Overall, the company's current ratio has experienced a decline from initially strong levels, approaching closer to the threshold of 1.5 in recent periods, which generally indicates that current assets cover current liabilities with less margin than earlier in the period. The trend points to a gradual decrease in liquidity buffer over time, albeit with some periods of recovery. The consistent fluctuation underscores the importance of monitoring short-term asset management and liquidity strategies to ensure financial stability.
Peer comparison
May 31, 2025