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

Worthington Steel (Worthington Steel) LT-Debt-to-Total-Asset : 0.04 (As of Feb. 2024)


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

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. 2024 was 0.04.

Worthington Steel's long-term debt to total assets ratio increased from Feb. 2023 (0.00) to Feb. 2024 (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.

* Premium members only.

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

Worthington Steel Annual Data
Trend May21 May22 May23
LT-Debt-to-Total-Asset
- 0.04 0.04

Worthington Steel Quarterly Data
May21 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only - 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. 2023 is calculated as

LT Debt to Total Assets (A: May. 2023 )=Long-Term Debt & Capital Lease Obligation (A: May. 2023 )/Total Assets (A: May. 2023 )
=71.656/1764.365
=0.04

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

LT Debt to Total Assets (Q: Feb. 2024 )=Long-Term Debt & Capital Lease Obligation (Q: Feb. 2024 )/Total Assets (Q: Feb. 2024 )
=68.4/1849
=0.04

* 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  (NYSE:WS) 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

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

Worthington Steel (Worthington Steel) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Worthington Steel Inc (NYSE:WS) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
Traded in Other Exchanges
Z2J:Germany
Address
100 Old Wilson Bridge Road, Columbus, OH, USA, 43085
Website
https://www.worthingtonindustries.com
Worthington Steel Inc is one of North America's premier value-added steel processors with the ability to provide a diversified range of products and services that span a variety of end markets. It maintains market-leading positions in the North American carbon flat-rolled steel and tailor-welded blanks industries.

Worthington Steel (Worthington Steel) Headlines

From GuruFocus

Worthington Steel to Webcast Discussion of Second Quarter 2024 Results on December 22

By Business Wire • 12-04-2023

Worthington Steel Inc Reports Mixed Fiscal Q2 2024 Results Amidst Market Challenges

By GuruFocus Research • 12-22-2023

Worthington Steel Declares Quarterly Dividend

By Business Wire • 12-20-2023