Worthington SteelWS +4.72%21 Interest Coverage is 1.92 as of May. 2026, which is 95% below its 10-year median of 40.57. GuruFocus rates WS with a GF Score™ of 21/100. The stock has 5 warning signs investors should review. Among 458 Steel companies, Worthington Steel ranks better than 72.71% on this metric.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. Worthington Steel's
Operating Income
for the
three
months ended in May. 2026 was $37 Mil. Worthington Steel's Interest Expense for the
three
months ended in May. 2026 was $-19 Mil.
Worthington Steel's interest coverage for the quarter that ended in May. 2026 was 1.92.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Worthington Steel's Interest Coverage or its related term are showing as below:
WS'
s Interest Coverage Range Over the Past 10 Years
Min: 15.67 Med: 40.57 Max: 71.73
Current: 15.67
WS's Interest Coverage is ranked better than 72.71% of 458
companies
in the Steel industry
Industry Median: 4.445
vs WS: 15.67
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
Worthington Steel Interest Coverage Related Terms
Worthington Steel Interest Coverage Historical Data
* Premium members only.
The historical data trend for Worthington Steel's Interest Coverage 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: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
WS vs NWPX, MTUS, MSB: Interest Coverage Comparison
For the Steel subindustry, Worthington Steel's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Interest Coverage vs Steel Industry
For the Steel industry and Basic Materials sector, Worthington Steel's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Worthington Steel's Interest Coverage falls into.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
* 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.
Worthington Steel (WS) has a Interest Coverage of 1.92 as of May. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Worthington Steel and its competitors. This is 95% below median its historical median of 40.57. Over the past decade, Worthington Steel's Interest Coverage has ranged from 15.67 to 71.73. According to the industry distribution chart, Worthington Steel ranks #125 out of 458 companies in the Steel industry, placing it in the top 27.3%.
Is Worthington Steel's Interest Coverage too high?
Worthington Steel's current Interest Coverage of 1.92 is 95% below median its 10-year median of 40.57. Over the past 10 years, this metric has ranged from a low of 15.67 to a high of 71.73. The Steel industry median Interest Coverage is 4.45. Worthington Steel's value of 1.92 is 56.8% below this industry median. Based on the distribution chart, Worthington Steel ranks #125 out of 458 companies in the Steel industry, which is above the industry midpoint. Overall, Worthington Steel has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Worthington Steel's Interest Coverage compare to NWPX and MTUS?
According to the Steel industry distribution chart, Worthington Steel ranks #125 out of 458 companies for Interest Coverage. This puts Worthington Steel in the upper half of its industry. The industry median Interest Coverage is 4.45. Worthington Steel's value of 1.92 is 56.8% below this benchmark. Historically, Worthington Steel's own Interest Coverage has ranged from 15.67 to 71.73 over the past decade. While the company's 10-year median is 40.57 vs. the industry median of 4.45, Worthington Steel has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for a Steel company?
The median Interest Coverage among Steel companies is 4.45, based on 458 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Worthington Steel's current Interest Coverage of 1.92 is 56.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Worthington Steel and its competitors. For the Steel industry, the median Interest Coverage is 4.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Worthington Steel's current Interest Coverage is 1.92, which is 95% below median its own 10-year median of 40.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Worthington Steel stock overvalued right now?
Worthington Steel (WS) has a current Interest Coverage of 1.92. The current Interest Coverage is 1.92, which is 95% below median its 10-year median of 40.57 and 56.8% below the Steel industry median of 4.45. Worthington Steel's overall GF Score™ is 21/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Worthington Steel (WS), the current Interest Coverage is 1.92 as of May. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
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.
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