Worthington Steel Inc (WS)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 985,300 | 937,600 | 1,040,300 | 983,697 | — | — | 1,266,360 |
| Debt-to-equity ratio | 0.00 | 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 consistently reported as 0.00 over the past few quarters, indicating that the company has either no debt or a very minimal amount of debt compared to its equity. A debt-to-equity ratio of 0 indicates that the company is primarily using equity to finance its operations rather than debt. This can be viewed positively by investors and creditors as it suggests lower financial risk and greater financial stability. However, it is important to note that a debt-to-equity ratio of 0 may not always be ideal as some level of debt can also be beneficial for a company to take advantage of tax deductions and leverage opportunities. Overall, the consistent 0.00 debt-to-equity ratio suggests that Worthington Steel Inc has a conservative financial structure with a low reliance on debt financing.
Peer comparison
May 31, 2024