Worthington Steel Balance Sheet Health
Financial Health criteria checks 5/6
Worthington Steel has a total shareholder equity of $1.1B and total debt of $122.2M, which brings its debt-to-equity ratio to 10.7%. Its total assets and total liabilities are $1.8B and $686.2M respectively. Worthington Steel's EBIT is $184.1M making its interest coverage ratio 22.7. It has cash and short-term investments of $36.0M.
Key information
10.7%
Debt to equity ratio
US$122.20m
Debt
| Interest coverage ratio | 22.7x |
| Cash | US$36.00m |
| Equity | US$1.14b |
| Total liabilities | US$686.20m |
| Total assets | US$1.83b |
Recent financial health updates
These 4 Measures Indicate That Worthington Steel (NYSE:WS) Is Using Debt Safely
Jul 01
These 4 Measures Indicate That Worthington Steel (NYSE:WS) Is Using Debt Safely
Feb 28Recent updates
Worthington Steel: Shares Fall Despite Exceeding Q1 Estimates
Sep 26These 4 Measures Indicate That Worthington Steel (NYSE:WS) Is Using Debt Safely
Jul 01Worthington Steel, Inc. (NYSE:WS) Looks Inexpensive But Perhaps Not Attractive Enough
May 11Worthington Steel (NYSE:WS) Is Posting Promising Earnings But The Good News Doesn’t Stop There
Mar 29Worthington Steel: A Strong Start Post Separation
Mar 26A Look At The Fair Value Of Worthington Steel, Inc. (NYSE:WS)
Mar 23These 4 Measures Indicate That Worthington Steel (NYSE:WS) Is Using Debt Safely
Feb 28Financial Position Analysis
Short Term Liabilities: WS's short term assets ($955.5M) exceed its short term liabilities ($557.9M).
Long Term Liabilities: WS's short term assets ($955.5M) exceed its long term liabilities ($128.3M).
Debt to Equity History and Analysis
Debt Level: WS's net debt to equity ratio (7.5%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if WS's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: WS's debt is well covered by operating cash flow (224.9%).
Interest Coverage: WS's interest payments on its debt are well covered by EBIT (22.7x coverage).