Worthington Steel Inc (WS)

Interest coverage

May 31, 2024 Aug 31, 2023 Aug 31, 2022 Aug 31, 2021
Earnings before interest and tax (EBIT) US$ in thousands 158,331 203,768 225,288
Interest expense US$ in thousands 6,000
Interest coverage 0.00

May 31, 2024 calculation

Interest coverage = EBIT ÷ Interest expense
= $—K ÷ $6,000K
= 0.00

The interest coverage ratio for Worthington Steel Inc was not calculable as of May 31, 2024, and no data is available for the previous periods (Aug 31, 2023, Aug 31, 2022, Aug 31, 2021). This indicates that Worthington Steel Inc may not have generated sufficient operating income to cover its interest expenses during the period ending May 31, 2024. It is important for investors and stakeholders to monitor this ratio in future periods to assess the company's ability to meet its interest obligations and manage its debt effectively.


Peer comparison

May 31, 2024