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Worthington Industries Balance Sheet Health
Financial Health criteria checks 6/6
Worthington Industries has a total shareholder equity of $1.9B and total debt of $448.4M, which brings its debt-to-equity ratio to 23.6%. Its total assets and total liabilities are $3.5B and $1.6B respectively. Worthington Industries's EBIT is $253.7M making its interest coverage ratio 11.9. It has cash and short-term investments of $201.0M.
Key information
23.6%
Debt to equity ratio
US$448.35m
Debt
| Interest coverage ratio | 11.9x |
| Cash | US$201.01m |
| Equity | US$1.90b |
| Total liabilities | US$1.57b |
| Total assets | US$3.48b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WOR.WI's short term assets ($1.7B) exceed its short term liabilities ($868.9M).
Long Term Liabilities: WOR.WI's short term assets ($1.7B) exceed its long term liabilities ($705.8M).
Debt to Equity History and Analysis
Debt Level: WOR.WI's net debt to equity ratio (13%) is considered satisfactory.
Reducing Debt: WOR.WI's debt to equity ratio has reduced from 72.3% to 23.6% over the past 5 years.
Debt Coverage: WOR.WI's debt is well covered by operating cash flow (134.7%).
Interest Coverage: WOR.WI's interest payments on its debt are well covered by EBIT (11.9x coverage).