Worthington Steel (FRA:Z2J) LT-Debt-to-Total-Asset : 0.04 (As of Feb. 2025)

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What is Worthington Steel 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 Steel's long-term debt to total assests ratio for the quarter that ended in Feb. 2025 was 0.04.

Worthington Steel's long-term debt to total assets ratio increased from Feb. 2024 (0.04) to Feb. 2025 (0.04). It may suggest that Worthington Steel is progressively becoming more dependent on debt to grow their business.

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

The historical data trend for Worthington Steel'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 Steel LT-Debt-to-Total-Asset Chart

Worthington Steel Annual Data

Trend

May21

May22

May23

May24

LT-Debt-to-Total-Asset

0.04

Worthington Steel Quarterly Data
	May21	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24	Feb25
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial								0.04	0.04	0.04	0.04	0.04

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

Worthington Steel's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in May. 2024 is calculated as

LT Debt to Total Assets (A: May. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: May. 2024 )	/	Total Assets (A: May. 2024 )
	=	63.177	/	1726.42
	=	0.04

Worthington Steel's Long-Term Debt to Total Asset Ratio for the quarter that ended in Feb. 2025 is calculated as

LT Debt to Total Assets (Q: Feb. 2025 )	=	Long-Term Debt & Capital Lease Obligation (Q: Feb. 2025 )	/	Total Assets (Q: Feb. 2025 )
	=	68.928	/	1727.712
	=	0.04

Worthington Steel (FRA:Z2J) 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 Steel LT-Debt-to-Total-Asset Related Terms

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Worthington Steel Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Worthington Steel Inc (FRA:Z2J) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

WS:USA

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.

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