Worthington Steel Inc (WS)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | 420,700 | 382,100 | 451,000 | 476,800 | 475,000 | 430,100 | 501,836 | 465,800 | 472,317 |
| 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 |
| Quick ratio | 0.00 | 0.93 | 0.93 | 0.87 | 0.84 | 0.83 | 1.08 | 0.86 | 1.04 | 1.06 |
May 31, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($—K
+ $—K
+ $—K)
÷ $631,500K
= 0.00
The quick ratio of Worthington Steel Inc. exhibits fluctuations over the analyzed period, reflecting changes in the company's short-term liquidity position. As of February 28, 2023, the quick ratio stood at 1.06, indicating that the company had slightly more liquid assets than current liabilities. This ratio remained relatively stable through May 31, 2023, at 1.04, suggesting consistent liquidity levels.
However, a decline is observed by August 31, 2023, when the ratio decreased to 0.86, signaling a potential weakening in liquidity, as the company's liquid assets became less sufficient relative to its current liabilities. Interestingly, there is a recovery noted on November 30, 2023, with the ratio increasing to 1.08, indicating an improvement in the company's liquidity buffer.
The subsequent data points show a downward trend through February 29, 2024, where the ratio further drops to 0.83, before marginally increasing again to 0.84 on May 31, 2024, and then to 0.87 on August 31, 2024. These fluctuations suggest continued variability in short-term liquidity, though remaining near the 0.83 to 0.87 range, potentially indicating a cautious liquidity position.
By November 30, 2024, the ratio climbs to 0.93, approaching a more stable level, which persists into the February 28, 2025 measurement, also at 0.93. The ratio then declines sharply to 0.00 by May 31, 2025, which likely indicates data omission, reporting error, or the absence of liquid assets in relation to current liabilities at that point.
Overall, the data portrays Worthington Steel Inc. maintaining a quick ratio generally close to or below 1.00 over the period, with intermittent improvements and declines. These fluctuations suggest periods of tighter liquidity management, and the prevalent ratios below 1.00 may imply reliance on less liquid current assets or potential liquidity constraints. The significant drop to zero in May 2025 warrants further investigation to clarify whether it represents an anomaly or underlying operational issues.
Peer comparison
May 31, 2025