WS (Worthington Steel) Cash-to-Debt : 0.34 (As of Feb. 2025)

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What is Worthington Steel Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Worthington Steel's cash to debt ratio for the quarter that ended in Feb. 2025 was 0.34.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Worthington Steel couldn't pay off its debt using the cash in hand for the quarter that ended in Feb. 2025.

The historical rank and industry rank for Worthington Steel's Cash-to-Debt or its related term are showing as below:

WS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.12 Med: 0.28 Max: 2.15
Current: 0.34

During the past 4 years, Worthington Steel's highest Cash to Debt Ratio was 2.15. The lowest was 0.12. And the median was 0.28.

WS's Cash-to-Debt is ranked worse than
54.63% of 626 companies
in the Steel industry
Industry Median: 0.41 vs WS: 0.34

Worthington Steel Cash-to-Debt Historical Data

The historical data trend for Worthington Steel's Cash-to-Debt 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Worthington Steel Cash-to-Debt Chart

Worthington Steel Annual Data

Trend

May21

May22

May23

May24

Cash-to-Debt

2.15

0.13

0.33

0.18

Worthington Steel Quarterly Data
	May21	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24	Feb25
Cash-to-Debt	Get a 7-Day Free Trial								0.27	0.18	0.18	0.28	0.34

Competitive Comparison of Worthington Steel's Cash-to-Debt

For the Steel subindustry, Worthington Steel's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Worthington Steel's Cash-to-Debt Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Worthington Steel's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Worthington Steel's Cash-to-Debt falls into.

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Worthington Steel Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Worthington Steel's Cash to Debt Ratio for the fiscal year that ended in May. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	40.2	/	(155.6	+	68.3)
	=	0.18

Worthington Steel's Cash to Debt Ratio for the quarter that ended in Feb. 2025 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	63.3	/	(117.4	+	71.8)
	=	0.33

Worthington Steel (NYSE:WS) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Worthington Steel Cash-to-Debt 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-to-Debt

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.