Worthington Steel Inc (WS)
Debt-to-assets ratio
| May 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | ||
|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 0 | — | — | — |
| Total assets | US$ in thousands | 1,866,400 | 1,764,360 | 2,084,030 | 1,366,650 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 |
May 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $0K ÷ $1,866,400K
= 0.00
The debt-to-assets ratio of Worthington Steel Inc has remained at 0.00 for the past four years, indicating that the company has not utilized debt to finance its operations or investments during this period. This suggests that Worthington Steel Inc has been relying more on equity financing or has maintained a strong financial position with low debt levels compared to its total assets. While a low debt-to-assets ratio can signal financial strength and stability, it's important to consider the overall financial strategy and objectives of the company in evaluating the significance of this ratio.
Peer comparison
May 31, 2024
Company name
Symbol
Debt-to-assets ratio
Worthington Steel Inc
WS
0.00
Gibraltar Industries Inc
ROCK
0.00
Haynes International Inc
HAYN
0.16
Insteel Industries Inc
IIIN
0.00
Worthington Industries Inc
WOR
0.19