Worthington Enterprises Balance Sheet Health
Financial Health criteria checks 6/6
Worthington Enterprises has a total shareholder equity of $914.4M and total debt of $298.0M, which brings its debt-to-equity ratio to 32.6%. Its total assets and total liabilities are $1.7B and $790.2M respectively. Worthington Enterprises's EBIT is $212.0M making its interest coverage ratio 16.7. It has cash and short-term investments of $227.3M.
Key information
32.6%
Debt to equity ratio
US$297.96m
Debt
| Interest coverage ratio | 16.7x |
| Cash | US$227.31m |
| Equity | US$914.44m |
| Total liabilities | US$790.25m |
| Total assets | US$1.70b |
Recent financial health updates
We Think Worthington Industries (NYSE:WOR) Can Stay On Top Of Its Debt
Oct 31
These 4 Measures Indicate That Worthington Industries (NYSE:WOR) Is Using Debt Reasonably Well
Jul 17Here's Why Worthington Industries (NYSE:WOR) Has A Meaningful Debt Burden
Mar 09We Think Worthington Industries (NYSE:WOR) Can Stay On Top Of Its Debt
Sep 04Recent updates
Worthington Enterprises' (NYSE:WOR) Earnings Offer More Than Meets The Eye
Mar 27Worthington Industries: Valuation Re-Rating Completed Post Separation
Mar 25Worthington Enterprises (NYSE:WOR) Is Reducing Its Dividend To $0.16
Mar 06Calculating The Fair Value Of Worthington Enterprises, Inc. (NYSE:WOR)
Mar 04When Should You Buy Worthington Enterprises, Inc. (NYSE:WOR)?
Dec 07Worthington Industries: Unlocking Value After Spinoff Of Worthington Steel
Dec 05We Think Worthington Industries (NYSE:WOR) Can Stay On Top Of Its Debt
Oct 31Estimating The Intrinsic Value Of Worthington Industries, Inc. (NYSE:WOR)
Oct 18Worthington Industries (NYSE:WOR) Has More To Do To Multiply In Value Going Forward
Oct 03Worthington Industries: Why I Am Buying The Dip Post Fiscal Q1 Earnings
Sep 28Worthington Industries' (NYSE:WOR) Shareholders Will Receive A Bigger Dividend Than Last Year
Sep 03Worthington Industries (NYSE:WOR) Is Paying Out A Larger Dividend Than Last Year
Aug 20Worthington Industries: Still A Fantastic Steel Play As Infrastructure Investments Increase
Jul 28These 4 Measures Indicate That Worthington Industries (NYSE:WOR) Is Using Debt Reasonably Well
Jul 17Worthington Industries (NYSE:WOR) Will Pay A Larger Dividend Than Last Year At $0.32
Jul 02Worthington Industries (NYSE:WOR) Will Want To Turn Around Its Return Trends
Jun 28Calculating The Intrinsic Value Of Worthington Industries, Inc. (NYSE:WOR)
May 31Here's Why Worthington Industries (NYSE:WOR) Has A Meaningful Debt Burden
Mar 09A Look At The Fair Value Of Worthington Industries, Inc. (NYSE:WOR)
Feb 22Worthington Industries (NYSE:WOR) May Have Issues Allocating Its Capital
Jan 27Worthington Q2 2023 Earnings Preview
Dec 19Marubeni-Itochu Steel buys Worthington Specialty Processing’s Jackson plant
Nov 01Worthington: Cheap Valuation With A Favorable Risk/Reward Setup Ahead Of Earnings
Sep 25We Think Worthington Industries (NYSE:WOR) Can Stay On Top Of Its Debt
Sep 04Worthington Industries (NYSE:WOR) Has Announced That It Will Be Increasing Its Dividend To $0.31
Aug 17Worthington Industries subsidiary divests 50% stake in ArtiFlex Manufacturing
Aug 05Worthington Industries (NYSE:WOR) Will Pay A Larger Dividend Than Last Year At $0.31
Aug 03Investors Met With Slowing Returns on Capital At Worthington Industries (NYSE:WOR)
Jul 14Worthington Industries (NYSE:WOR) Is Increasing Its Dividend To $0.31
Jul 14Financial Position Analysis
Short Term Liabilities: WOR's short term assets ($691.1M) exceed its short term liabilities ($202.3M).
Long Term Liabilities: WOR's short term assets ($691.1M) exceed its long term liabilities ($588.0M).
Debt to Equity History and Analysis
Debt Level: WOR's net debt to equity ratio (7.7%) is considered satisfactory.
Reducing Debt: WOR's debt to equity ratio has reduced from 76.7% to 32.6% over the past 5 years.
Debt Coverage: WOR's debt is well covered by operating cash flow (159.1%).
Interest Coverage: WOR's interest payments on its debt are well covered by EBIT (16.7x coverage).