GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Worthington Steel Inc (NYSE:WS) » Definitions » Total Current Liabilities

WS (Worthington Steel) Total Current Liabilities : $521 Mil (As of Feb. 2025)


View and export this data going back to 2023. Start your Free Trial

What is Worthington Steel Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Worthington Steel's total current liabilities for the quarter that ended in Feb. 2025 was $521

Worthington Steel Total Current Liabilities Historical Data

The historical data trend for Worthington Steel's Total Current Liabilities 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.

* Premium members only.

Worthington Steel Total Current Liabilities Chart

Worthington Steel Annual Data
Trend May21 May22 May23 May24
Total Current Liabilities
506.10 657.95 478.40 618.40

Worthington Steel Quarterly Data
May21 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25
Total Current Liabilities Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 645.40 618.40 557.90 467.70 521.00

Worthington Steel Total Current Liabilities Calculation

Total Current Liabilities is the total amount of liabilities that the company needs to pay over the next 12 months.

Worthington Steel's Total Current Liabilities for the fiscal year that ended in May. 2024 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=462.8+155.6
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=618

Worthington Steel's Total Current Liabilities for the quarter that ended in Feb. 2025 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=403.6+117.4
+Other Current Liabilities+Current Deferred Liabilities
=0+0
=521

* 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.

The increase of Total Current Liabilities of a company is not necessarily a bad thing. This may conserve the company's cash and contribute positively to cash flow.

Total Current Liabilities is linked to Total Current Assets through the Current Ratio and Working Capital. The Current Ratio is equal to dividing total current assets by total current liabilities. It is frequently used as an indicator of a company's liquidity, its ability to meet short-term obligations. Net working capital is calculated as Total Current Assets minus Total Current Liabilities.

Be Aware

Stay away from companies that roll over the debt e.g. Bear Stearns

When investing in financial institutions, Buffett shies from those who are bigger borrowers of short term than long term debt.

His favorite Wells Fargo has 57 cents short term debt for every dollar of long term.

Aggressive banks (like Bank of America) has $2.09 short term for every dollar long term

Worthington Steel Total Current Liabilities Related Terms

Thank you for viewing the detailed overview of Worthington Steel's Total Current Liabilities provided by GuruFocus.com. Please click on the following links to see related term pages.

Worthington Steel Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Worthington Steel Inc (NYSE:WS) » Definitions » Total Current Liabilities
Comparable Companies
RDUS MTUS MSB ZEUS WEBC ACNT FRD LUD KBSX HLP BOM:500228 NUE XAMS:MT TSE:5401 NSE:TATASTEEL SHSE:600019 STLD RS XKRX:005490 SHSE:600010
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.