WS (Worthington Steel) Cash, Cash Equivalents, Marketable Securities : $63 Mil (As of Feb. 2025)

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What is Worthington Steel Cash, Cash Equivalents, Marketable Securities?

Worthington Steel's quarterly cash, cash equivalents, marketable securities increased from Aug. 2024 ($36.00 Mil) to Nov. 2024 ($52.00 Mil) and increased from Nov. 2024 ($52.00 Mil) to Feb. 2025 ($63.30 Mil).

Worthington Steel's annual cash, cash equivalents, marketable securities increased from May. 2022 ($20.05 Mil) to May. 2023 ($32.70 Mil) and increased from May. 2023 ($32.70 Mil) to May. 2024 ($40.20 Mil).

Worthington Steel Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Worthington Steel's Cash, Cash Equivalents, Marketable Securities 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 Steel Cash, Cash Equivalents, Marketable Securities Chart

Worthington Steel Annual Data

Trend

May21

May22

May23

May24

Cash, Cash Equivalents, Marketable Securities

17.46

20.05

32.70

40.20

Worthington Steel Quarterly Data
	May21	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24	Feb25
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial								60.80	40.20	36.00	52.00	63.30

Worthington Steel Cash, Cash Equivalents, Marketable Securities Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

Worthington Steel (NYSE:WS) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Worthington Steel Cash, Cash Equivalents, Marketable Securities Related Terms

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Worthington Steel Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Worthington Steel Inc (NYSE:WS) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

Z2J:Germany

Address

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

Website

https://www.worthingtonsteel.com

Worthington Steel Inc is a processor of carbon flat-rolled steel, a producer of laser-welded solutions, and a provider of electrical steel laminations. The company has manufacturing facilities across the United States, Canada, China, India, Germany and Mexico. It buys coils of steel from primary steel producers and processes them to precise type, thickness, length, width, shape, and surface quality required by customer specifications. The company's product lines and processing capabilities include; carbon flat-rolled steel processing, electrical steel laminations, and tailor welded products. Geographically, the company generates a majority of its revenue from the United States followed by Canada, Mexico, and other regions.