Worthington Steel Inc (WS)
Debt-to-equity ratio
| May 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | ||
|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 0 | — | — | — |
| Total stockholders’ equity | US$ in thousands | 985,300 | 1,028,960 | 1,133,150 | 661,330 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 |
May 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $0K ÷ $985,300K
= 0.00
The debt-to-equity ratio of Worthington Steel Inc has been reported as 0.00 for the past four consecutive fiscal years - May 31, 2024, Aug 31, 2023, Aug 31, 2022, and Aug 31, 2021. This indicates that the company has not utilized any debt to finance its operations and has relied solely on equity for its capital structure during these periods. While a debt-to-equity ratio of 0.00 may suggest a conservative approach to leverage and financial risk management, it is important to consider the company's overall financial strategy and future growth prospects in evaluating the significance of this ratio.
Peer comparison
May 31, 2024