Worthington Net Debt from 2010 to 2024

WOR Stock

USD 39.57 0.96 2.49%

Worthington Industries Net Debt yearly trend continues to be relatively stable with very little volatility. Net Debt is likely to drop to about 69.3 M. Net Debt is the total debt of Worthington Industries minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds. View All Fundamentals

Net Debt

First Reported

1986-05-31

Previous Quarter

73 M

Current Value

149 M

Quarterly Volatility

215 M

Black Monday

Oil Shock

Dot-com Bubble

Housing Crash

Credit Downgrade

Yuan Drop

Covid

Check Worthington Industries financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Worthington Industries' main balance sheet or income statement drivers, such as Depreciation And Amortization of 67.1 M, Interest Expense of 1.5 M or Total Revenue of 1.2 B, as well as many indicators such as Price To Sales Ratio of 2.36, Dividend Yield of 0.0192 or PTB Ratio of 1.72. Worthington financial statements analysis is a perfect complement when working with Worthington Industries Valuation or Volatility modules.

Check out the analysis of Worthington Industries Correlation against competitors.

To learn how to invest in Worthington Stock, please use our How to Invest in Worthington Industries guide.

Latest Worthington Industries' Net Debt Growth Pattern

Below is the plot of the Net Debt of Worthington Industries over the last few years. It is the total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds. Worthington Industries' Net Debt historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Worthington Industries' overall financial position and show how it may be relating to other accounts over time.

Net Debt

10 Years Trend

Pretty Stable

Compare to Others All Fundamentals

Net Debt

Timeline

Worthington Net Debt Regression Statistics

	Arithmetic Mean	412,610,287
	Geometric Mean	299,610,089
	Coefficient Of Variation	59.84
	Mean Deviation	206,457,923
	Median	476,246,000
	Standard Deviation	246,923,857
	Sample Variance	60971.4T
	Range	773.4M
	R-Value	(0.17)
	Mean Square Error	63716.5T
	R-Squared	0.03
	Significance	0.54
	Slope	(9,502,771)
	Total Sum of Squares	853599.5T

Worthington Net Debt History

	2024	69.3 M
	2023	73 M
	2022	340.4 M
	2021	809.9 M
	2020	107.5 M
	2019	589.1 M
	2018	656.9 M

Other Fundumenentals of Worthington Industries

Net Debt To E B I T D A

Worthington Industries Net Debt component correlations

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Accounts Payable	Good Will	Intangible Assets	Long Term Debt	Property Plant Equipment	Current Deferred Revenue	Common Stock	Short Term Investments	Net Tangible Assets	Long Term Debt Total	Capital Surpluse	Deferred Long Term Liab	Long Term Investments	Accumulated Depreciation	Short Long Term Debt	Net Invested Capital	Cash And Equivalents	Net Working Capital
Total Assets		0.94	0.42	0.92	0.65	0.98	0.97	-0.07	0.65	0.88	0.8	0.75	0.06	0.3	0.37	0.42	0.27	0.62	0.43	0.28	0.44	-0.69	-0.49	0.73	0.03	0.59
Total Stockholder Equity	0.94		0.17	0.99	0.46	0.85	0.93	-0.19	0.45	0.85	0.85	0.6	0.2	0.19	0.54	0.51	0.55	0.62	0.45	0.47	0.43	-0.71	-0.49	0.78	0.25	0.71
Net Debt	0.42	0.17		0.15	0.61	0.56	0.28	0.38	0.59	0.35	0.19	0.45	-0.15	0.17	-0.36	-0.2	-0.53	0.11	0.04	-0.32	0.27	-0.03	-0.06	0.04	-0.73	-0.27
Retained Earnings	0.92	0.99	0.15		0.42	0.82	0.91	-0.17	0.41	0.8	0.85	0.56	0.27	0.22	0.56	0.52	0.56	0.53	0.35	0.5	0.53	-0.69	-0.43	0.85	0.22	0.76
Net Receivables	0.65	0.46	0.61	0.42		0.74	0.64	0.15	0.95	0.47	0.33	0.56	-0.18	0.35	-0.04	0.03	-0.16	0.33	0.21	-0.08	0.44	-0.29	-0.26	0.35	-0.36	0.16
Total Liab	0.98	0.85	0.56	0.82	0.74		0.94	0.04	0.74	0.84	0.73	0.78	-0.05	0.34	0.25	0.34	0.07	0.58	0.38	0.17	0.42	-0.63	-0.45	0.66	-0.12	0.47
Total Current Assets	0.97	0.93	0.28	0.91	0.64	0.94		-0.08	0.66	0.79	0.75	0.72	0.06	0.31	0.35	0.37	0.31	0.53	0.34	0.3	0.45	-0.62	-0.42	0.78	0.15	0.71
Short Term Debt	-0.07	-0.19	0.38	-0.17	0.15	0.04	-0.08		0.09	-0.27	-0.21	-0.43	-0.48	-0.03	-0.33	-0.26	-0.37	-0.55	-0.53	-0.05	0.12	0.46	0.59	-0.2	-0.21	-0.24
Accounts Payable	0.65	0.45	0.59	0.41	0.95	0.74	0.66	0.09		0.49	0.35	0.63	-0.04	0.46	-0.13	-0.02	-0.15	0.31	0.13	-0.04	0.41	-0.29	-0.23	0.33	-0.32	0.17
Good Will	0.88	0.85	0.35	0.8	0.47	0.84	0.79	-0.27	0.49		0.9	0.7	0.2	0.31	0.54	0.6	0.37	0.86	0.69	0.4	0.16	-0.84	-0.67	0.51	0.03	0.33
Intangible Assets	0.8	0.85	0.19	0.85	0.33	0.73	0.75	-0.21	0.35	0.9		0.53	0.37	0.37	0.69	0.7	0.52	0.7	0.42	0.7	0.38	-0.8	-0.45	0.67	0.11	0.49
Long Term Debt	0.75	0.6	0.45	0.56	0.56	0.78	0.72	-0.43	0.63	0.7	0.53		0.13	0.38	0.1	0.22	-0.12	0.64	0.45	-0.1	0.24	-0.61	-0.6	0.55	-0.21	0.38
Property Plant Equipment	0.06	0.2	-0.15	0.27	-0.18	-0.05	0.06	-0.48	-0.04	0.2	0.37	0.13		0.32	0.32	0.26	0.53	0.12	-0.05	0.44	0.27	-0.29	-0.14	0.3	0.0	0.19
Current Deferred Revenue	0.3	0.19	0.17	0.22	0.35	0.34	0.31	-0.03	0.46	0.31	0.37	0.38	0.32		0.3	0.52	-0.04	0.16	-0.11	0.36	0.38	-0.46	-0.15	0.29	-0.2	0.14
Common Stock	0.37	0.54	-0.36	0.56	-0.04	0.25	0.35	-0.33	-0.13	0.54	0.69	0.1	0.32	0.3		0.94	0.69	0.58	0.44	0.71	0.2	-0.79	-0.5	0.5	0.34	0.43
Short Term Investments	0.42	0.51	-0.2	0.52	0.03	0.34	0.37	-0.26	-0.02	0.6	0.7	0.22	0.26	0.52	0.94		0.5	0.61	0.44	0.65	0.18	-0.86	-0.53	0.45	0.19	0.31
Net Tangible Assets	0.27	0.55	-0.53	0.56	-0.16	0.07	0.31	-0.37	-0.15	0.37	0.52	-0.12	0.53	-0.04	0.69	0.5		0.37	0.31	0.71	0.08	-0.41	-0.27	0.35	0.65	0.49
Long Term Debt Total	0.62	0.62	0.11	0.53	0.33	0.58	0.53	-0.55	0.31	0.86	0.7	0.64	0.12	0.16	0.58	0.61	0.37		0.9	0.24	-0.15	-0.82	-0.83	0.28	0.12	0.17
Capital Surpluse	0.43	0.45	0.04	0.35	0.21	0.38	0.34	-0.53	0.13	0.69	0.42	0.45	-0.05	-0.11	0.44	0.44	0.31	0.9		-0.02	-0.36	-0.65	-0.84	0.06	0.16	0.01
Deferred Long Term Liab	0.28	0.47	-0.32	0.5	-0.08	0.17	0.3	-0.05	-0.04	0.4	0.7	-0.1	0.44	0.36	0.71	0.65	0.71	0.24	-0.02		0.3	-0.45	0.06	0.38	0.37	0.37
Long Term Investments	0.44	0.43	0.27	0.53	0.44	0.42	0.45	0.12	0.41	0.16	0.38	0.24	0.27	0.38	0.2	0.18	0.08	-0.15	-0.36	0.3		-0.25	0.06	0.75	-0.33	0.51
Accumulated Depreciation	-0.69	-0.71	-0.03	-0.69	-0.29	-0.63	-0.62	0.46	-0.29	-0.84	-0.8	-0.61	-0.29	-0.46	-0.79	-0.86	-0.41	-0.82	-0.65	-0.45	-0.25		0.78	-0.59	-0.04	-0.38
Short Long Term Debt	-0.49	-0.49	-0.06	-0.43	-0.26	-0.45	-0.42	0.59	-0.23	-0.67	-0.45	-0.6	-0.14	-0.15	-0.5	-0.53	-0.27	-0.83	-0.84	0.06	0.06	0.78		-0.3	-0.08	-0.2
Net Invested Capital	0.73	0.78	0.04	0.85	0.35	0.66	0.78	-0.2	0.33	0.51	0.67	0.55	0.3	0.29	0.5	0.45	0.35	0.28	0.06	0.38	0.75	-0.59	-0.3		0.09	0.87
Cash And Equivalents	0.03	0.25	-0.73	0.22	-0.36	-0.12	0.15	-0.21	-0.32	0.03	0.11	-0.21	0.0	-0.2	0.34	0.19	0.65	0.12	0.16	0.37	-0.33	-0.04	-0.08	0.09		0.52
Net Working Capital	0.59	0.71	-0.27	0.76	0.16	0.47	0.71	-0.24	0.17	0.33	0.49	0.38	0.19	0.14	0.43	0.31	0.49	0.17	0.01	0.37	0.51	-0.38	-0.2	0.87	0.52

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About Worthington Industries Financial Statements

Worthington Industries shareholders use historical fundamental indicators, such as Net Debt, to determine how well the company is positioned to perform in the future. Although Worthington Industries investors may analyze each financial statement separately, they are all interrelated. The changes in Worthington Industries' assets and liabilities, for example, are also reflected in the revenues and expenses on on Worthington Industries' income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.

	Last Reported	Projected for Next Year
Net Debt	73 M	69.3 M
Net Debt To EBITDA	0.89	0.99

Pair Trading with Worthington Industries

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Worthington Industries position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Worthington Industries will appreciate offsetting losses from the drop in the long position's value.

Moving together with Worthington Stock

0.65

Ampco Pittsburgh

Pair Corr

Moving against Worthington Stock

0.75	CMPOW	CompoSecure	Pair Corr
0.75	CMPO	CompoSecure	Pair Corr
0.71	B	Barnes Group	Pair Corr
0.68	J	Jacobs Solutions	Pair Corr
0.6	HAYN	Haynes International	Pair Corr

The ability to find closely correlated positions to Worthington Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Worthington Industries when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Worthington Industries - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Worthington Industries to buy it.

The correlation of Worthington Industries is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Worthington Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Worthington Industries moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Worthington Industries can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Worthington Stock Analysis

When running Worthington Industries' price analysis, check to measure Worthington Industries' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Worthington Industries is operating at the current time. Most of Worthington Industries' value examination focuses on studying past and present price action to predict the probability of Worthington Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Worthington Industries' price. Additionally, you may evaluate how the addition of Worthington Industries to your portfolios can decrease your overall portfolio volatility.

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Worthington Net Debt from 2010 to 2024

Latest Worthington Industries' Net Debt Growth Pattern

Worthington Net Debt Regression Statistics

Worthington Net Debt History

Other Fundumenentals of Worthington Industries

Worthington Industries Net Debt component correlations

About Worthington Industries Financial Statements

Pair Trading with Worthington Industries

Moving together with Worthington Stock

Moving against Worthington Stock

Additional Tools for Worthington Stock Analysis

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