Worthington Enterprises (Worthington Enterprises) LT-Debt-to-Total-Asset : 0.18 (As of Feb. 2024)

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What is Worthington Enterprises LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Worthington Enterprises's long-term debt to total assests ratio for the quarter that ended in Feb. 2024 was 0.18.

Worthington Enterprises's long-term debt to total assets ratio declined from Feb. 2023 (0.22) to Feb. 2024 (0.18). It may suggest that Worthington Enterprises is progressively becoming less dependent on debt to grow their business.

Worthington Enterprises LT-Debt-to-Total-Asset Historical Data

The historical data trend for Worthington Enterprises's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Worthington Enterprises LT-Debt-to-Total-Asset Chart

Worthington Enterprises Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

LT-Debt-to-Total-Asset

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0.24

0.31

0.22

0.21

Worthington Enterprises Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.22	0.21	0.11	0.11	0.18

Worthington Enterprises LT-Debt-to-Total-Asset Calculation

Worthington Enterprises's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in May. 2023 is calculated as

LT Debt to Total Assets (A: May. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: May. 2023 )	/	Total Assets (A: May. 2023 )
	=	779.7	/	3650.918
	=	0.21

Worthington Enterprises's Long-Term Debt to Total Asset Ratio for the quarter that ended in Feb. 2024 is calculated as

LT Debt to Total Assets (Q: Feb. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Feb. 2024 )	/	Total Assets (Q: Feb. 2024 )
	=	312.798	/	1704.689
	=	0.18

Worthington Enterprises (NYSE:WOR) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Worthington Enterprises LT-Debt-to-Total-Asset Related Terms

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Worthington Enterprises (Worthington Enterprises) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Worthington Enterprises Inc (NYSE:WOR) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

WTH:Germany WTH:Germany

Address

200 Old Wilson Bridge Road, Columbus, OH, USA, 43085

Website

https://www.worthingtonindustries.com

Worthington Enterprises Inc formerly Worthington Industries Inc is a diversified metals manufacturing company, focused on value-added steel processing and manufactured metal products. Its manufactured metal products include pressure cylinders for liquefied petroleum gas, compressed natural gas, oxygen, refrigerant, and other industrial gas storage; cylinders; helium-filled balloon kits; steel and fiberglass tanks and processing equipment primarily for the oil and gas industry; cryogenic pressure vessels for liquefied natural gas and other gas storage applications; light gauge steel framing for commercial and residential construction; and several other products. The firm's operating segments are Steel Processing, Consumer Products, Building Products and Sustainable Energy Solutions.

Executives

Kerrii B Anderson	director	WENDY'S INTERNATIONAL, INC, 4288 WEST DUBLIN-GRANVILLE RD., DUBLIN OH 43017
Horton Ozey K Jr	director	200 OLD WILSON BRIDGE ROAD, COLUMBUS OH 43085
Geoffrey G Gilmore	officer: President, Worthington Steel	200 OLD WILSON BRIDGE ROAD, COLUMBUS OH 43085
Eric M Smolenski	officer: VP-HUMAN RESOURCES	200 OLD WILSON BRIDGE ROAD, COLUMBUS OH 43085
Catherine M Lyttle	officer: Vice President-Communications	200 OLD WILSON BRIDGE ROAD, COLUMBUS OH 43085
Jeffrey R Klingler	officer: President, Worthington Steel	200 OLD WILSON BRIDGE RD, COLUMBUS OH 43085
Mcconnell John P/oh	director, officer: Chairman/Chief Exec Officer	200 OLD WILSON BRIDGE ROAD, COLUMBUS OH 43085
B Andrew Rose	officer: CFO	200 OLD WILSON BRIDGE ROAD, COLUMBUS OH 43085
Mcconnell John H Ii	director	200 OLD WILSON BRIDGE ROAD, COLUMBUS OH 43085
Patrick J. Kennedy	officer: VP-General Counsel & Secy	200 OLD WILSON BRIDGE ROAD, COLUMBUS OH 43085
David P Blom	director	200 OLD WILSON BRIDGE RD, COLUMBUS OH 43085
Sidney A Ribeau	director
Steven R Witt	officer: Controller	WORTHINGTON INDUSTRIES, INC, 200 OLD WILSON BRIDGE ROAD, COLUMBUS OH 43085
Steven M Caravati	officer: President-Worthington Cylinder	WORTHINGTON INDUSTRIES, INC., 200 OLD WILSON BRIDGE ROAD, COLUMBUS OH 43085
John B Blystone	director	200 OLD WILSON BRIDGE ROAD, N/A, COLUMBUS OH 43085