Worthington Steel Inc (WS)
Debt-to-assets ratio
| May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 0 | 0 | 0 | — | — | — | — |
| Total assets | US$ in thousands | 1,866,400 | 1,849,000 | 1,897,400 | 1,857,750 | — | — | — |
| 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 for Worthington Steel Inc has consistently been reported as 0.00 over the past seven quarters. This indicates that the company has had no debt in relation to its total assets during this period. A debt-to-assets ratio of 0.00 suggests that the company is not utilizing debt to finance its operations or investments, and instead relies predominantly on equity financing. While a low or zero debt-to-assets ratio may indicate financial stability and lower risk, it could also suggest missed opportunities for leveraging debt for potential growth. It would be beneficial to further investigate the company's capital structure and financial strategy to understand the reasons behind this consistent ratio and assess the implications for the company's overall financial health and performance.
Peer comparison
May 31, 2024