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
Company name
Symbol
Interest coverage
Worthington Steel Inc
WS
0.00
Gibraltar Industries Inc
ROCK
50.21
Haynes International Inc
HAYN
7.83
Insteel Industries Inc
IIIN
285.12
Worthington Industries Inc
WOR
13.43