Worthington Industries Stock Cash And Equivalents

WOR Stock

USD 40.42 0.87 2.11%

Worthington Industries fundamentals help investors to digest information that contributes to Worthington Industries' financial success or failures. It also enables traders to predict the movement of Worthington Stock. The fundamental analysis module provides a way to measure Worthington Industries' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Worthington Industries stock.

		Last Reported	Projected for Next Year
	Cash And Equivalents	523.2 M	278 M

As of 03/21/2025, Cash And Equivalents is likely to drop to about 278 M.

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Worthington Industries Company Cash And Equivalents Analysis

Worthington Industries' Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.

Cash

Bank Deposits

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Liquidities

More About Cash And Equivalents | All Equity Analysis

Current Worthington Industries Cash And Equivalents

454.95 M

Most of Worthington Industries' fundamental indicators, such as Cash And Equivalents, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Worthington Industries is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Worthington Cash And Equivalents Driver Correlations

Understanding the fundamental principles of building solid financial models for Worthington Industries is extremely important. It helps to project a fair market value of Worthington Stock properly, considering its historical fundamentals such as Cash And Equivalents. Since Worthington Industries' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Worthington Industries' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Worthington Industries' interrelated accounts and indicators.

	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		0.92	0.44	0.91	0.66	0.97	0.97	-0.05	0.66	0.79	0.73	0.75	-0.01	0.31	0.31	0.37	0.2	0.59	0.43	0.24	0.46	-0.59	-0.46	0.74	0.0	0.61
Total Stockholder Equity	0.92		0.14	0.99	0.42	0.81	0.9	-0.2	0.41	0.83	0.84	0.54	0.2	0.18	0.54	0.51	0.54	0.64	0.49	0.48	0.38	-0.68	-0.49	0.74	0.27	0.68
Net Debt	0.44	0.14		0.14	0.64	0.6	0.33	0.4	0.62	0.22	0.08	0.5	-0.25	0.21	-0.42	-0.25	-0.59	0.05	0.0	-0.38	0.35	0.07	-0.01	0.12	-0.76	-0.19
Retained Earnings	0.91	0.99	0.14		0.41	0.8	0.9	-0.17	0.4	0.76	0.82	0.53	0.24	0.21	0.54	0.51	0.52	0.54	0.37	0.49	0.51	-0.64	-0.42	0.82	0.22	0.75
Net Receivables	0.66	0.42	0.64	0.41		0.75	0.65	0.18	0.96	0.36	0.24	0.59	-0.26	0.37	-0.11	-0.03	-0.23	0.28	0.19	-0.14	0.49	-0.19	-0.21	0.39	-0.39	0.2
Total Liab	0.97	0.81	0.6	0.8	0.75		0.94	0.07	0.76	0.71	0.62	0.79	-0.14	0.36	0.15	0.26	-0.03	0.51	0.35	0.09	0.47	-0.49	-0.39	0.68	-0.18	0.5
Total Current Assets	0.97	0.9	0.33	0.9	0.65	0.94		-0.05	0.68	0.69	0.65	0.73	-0.02	0.33	0.27	0.31	0.21	0.5	0.33	0.24	0.48	-0.52	-0.38	0.79	0.1	0.72
Short Term Debt	-0.05	-0.2	0.4	-0.17	0.18	0.07	-0.05		0.12	-0.3	-0.24	-0.36	-0.5	-0.01	-0.36	-0.28	-0.39	-0.56	-0.53	-0.09	0.16	0.48	0.6	-0.16	-0.24	-0.21
Accounts Payable	0.66	0.41	0.62	0.4	0.96	0.76	0.68	0.12		0.37	0.25	0.66	-0.14	0.48	-0.18	-0.07	-0.24	0.26	0.12	-0.11	0.47	-0.19	-0.18	0.38	-0.37	0.21
Good Will	0.79	0.83	0.22	0.76	0.36	0.71	0.69	-0.3	0.37		0.9	0.55	0.25	0.25	0.59	0.64	0.46	0.89	0.72	0.46	0.05	-0.83	-0.68	0.4	0.12	0.26
Intangible Assets	0.73	0.84	0.08	0.82	0.24	0.62	0.65	-0.24	0.25	0.9		0.4	0.41	0.31	0.73	0.73	0.59	0.73	0.46	0.73	0.26	-0.8	-0.47	0.56	0.19	0.41
Long Term Debt	0.75	0.54	0.5	0.53	0.59	0.79	0.73	-0.36	0.66	0.55	0.4		-0.01	0.41	0.0	0.13	-0.22	0.55	0.41	-0.17	0.32	-0.44	-0.51	0.59	-0.27	0.41
Property Plant Equipment	-0.01	0.2	-0.25	0.24	-0.26	-0.14	-0.02	-0.5	-0.14	0.25	0.41	-0.01		0.24	0.39	0.32	0.59	0.17	-0.01	0.49	0.11	-0.36	-0.19	0.17	0.09	0.09
Current Deferred Revenue	0.31	0.18	0.21	0.21	0.37	0.36	0.33	-0.01	0.48	0.25	0.31	0.41	0.24		0.24	0.47	-0.1	0.13	-0.13	0.3	0.4	-0.39	-0.12	0.32	-0.23	0.17
Common Stock	0.31	0.54	-0.42	0.54	-0.11	0.15	0.27	-0.36	-0.18	0.59	0.73	0.0	0.39	0.24		0.95	0.73	0.59	0.45	0.73	0.09	-0.81	-0.52	0.4	0.39	0.35
Short Term Investments	0.37	0.51	-0.25	0.51	-0.03	0.26	0.31	-0.28	-0.07	0.64	0.73	0.13	0.32	0.47	0.95		0.54	0.62	0.45	0.67	0.1	-0.87	-0.54	0.37	0.24	0.26
Net Tangible Assets	0.2	0.54	-0.59	0.52	-0.23	-0.03	0.21	-0.39	-0.24	0.46	0.59	-0.22	0.59	-0.1	0.73	0.54		0.4	0.32	0.74	-0.04	-0.48	-0.31	0.24	0.68	0.39
Long Term Debt Total	0.59	0.64	0.05	0.54	0.28	0.51	0.5	-0.56	0.26	0.89	0.73	0.55	0.17	0.13	0.59	0.62	0.4		0.9	0.28	-0.17	-0.82	-0.83	0.25	0.16	0.15
Capital Surpluse	0.43	0.49	0.0	0.37	0.19	0.35	0.33	-0.53	0.12	0.72	0.46	0.41	-0.01	-0.13	0.45	0.45	0.32	0.9		0.01	-0.33	-0.65	-0.84	0.07	0.18	0.01
Deferred Long Term Liab	0.24	0.48	-0.38	0.49	-0.14	0.09	0.24	-0.09	-0.11	0.46	0.73	-0.17	0.49	0.3	0.73	0.67	0.74	0.28	0.01		0.19	-0.49	0.01	0.3	0.42	0.31
Long Term Investments	0.46	0.38	0.35	0.51	0.49	0.47	0.48	0.16	0.47	0.05	0.26	0.32	0.11	0.4	0.09	0.1	-0.04	-0.17	-0.33	0.19		-0.1	0.11	0.76	-0.38	0.53
Accumulated Depreciation	-0.59	-0.68	0.07	-0.64	-0.19	-0.49	-0.52	0.48	-0.19	-0.83	-0.8	-0.44	-0.36	-0.39	-0.81	-0.87	-0.48	-0.82	-0.65	-0.49	-0.1		0.78	-0.44	-0.11	-0.28
Short Long Term Debt	-0.46	-0.49	-0.01	-0.42	-0.21	-0.39	-0.38	0.6	-0.18	-0.68	-0.47	-0.51	-0.19	-0.12	-0.52	-0.54	-0.31	-0.83	-0.84	0.01	0.11	0.78		-0.25	-0.12	-0.17
Net Invested Capital	0.74	0.74	0.12	0.82	0.39	0.68	0.79	-0.16	0.38	0.4	0.56	0.59	0.17	0.32	0.4	0.37	0.24	0.25	0.07	0.3	0.76	-0.44	-0.25		0.03	0.87
Cash And Equivalents	0.0	0.27	-0.76	0.22	-0.39	-0.18	0.1	-0.24	-0.37	0.12	0.19	-0.27	0.09	-0.23	0.39	0.24	0.68	0.16	0.18	0.42	-0.38	-0.11	-0.12	0.03		0.45
Net Working Capital	0.61	0.68	-0.19	0.75	0.2	0.5	0.72	-0.21	0.21	0.26	0.41	0.41	0.09	0.17	0.35	0.26	0.39	0.15	0.01	0.31	0.53	-0.28	-0.17	0.87	0.45

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Worthington Cash And Equivalents Historical Pattern

Today, most investors in Worthington Industries Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Worthington Industries' growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's cash and equivalents growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Worthington Industries cash and equivalents as a starting point in their analysis.

Worthington Industries Cash And Equivalents

Timeline

Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).

Competition

Predict Worthington Industries

Cash And Equivalents Over Time

In accordance with the recently published financial statements, Worthington Industries has 454.95 M in Cash And Equivalents. This is 15.76% higher than that of the Metals & Mining sector and significantly higher than that of the Materials industry. The cash and equivalents for all United States stocks is 83.16% higher than that of the company.

Worthington Cash And Equivalents Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Worthington Industries' direct or indirect competition against its Cash And Equivalents to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Worthington Industries could also be used in its relative valuation, which is a method of valuing Worthington Industries by comparing valuation metrics of similar companies.

Worthington Industries is currently under evaluation in cash and equivalents category among its peers.

Worthington Industries ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Worthington Industries' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Worthington Industries' managers, analysts, and investors.

Environmental

Governance

Social

Worthington Fundamentals

	Return On Equity	0.0298
	Return On Asset	0.0039
	Profit Margin	0.04 %
	Operating Margin	0.02 %
	Current Valuation	2.17 B
	Shares Outstanding	50.04 M
	Shares Owned By Insiders	38.26 %
	Shares Owned By Institutions	52.80 %
	Number Of Shares Shorted	1.24 M
	Price To Earning	4.88 X
	Price To Book	2.25 X
	Price To Sales	1.77 X
	Revenue	1.25 B
	Gross Profit	288.66 M
	EBITDA	156.49 M
	Net Income	117.82 M
	Cash And Equivalents	454.95 M
	Cash Per Share	0.72 X
	Total Debt	317.18 M
	Debt To Equity	0.49 %
	Current Ratio	2.17 X
	Book Value Per Share	18.21 X
	Cash Flow From Operations	289.98 M
	Short Ratio	4.44 X
	Earnings Per Share	0.85 X
	Price To Earnings To Growth	0.35 X
	Target Price	52.0
	Number Of Employees	3.8 K
	Beta	1.15
	Market Capitalization	2.07 B
	Total Asset	1.64 B
	Retained Earnings	589.39 M
	Working Capital	495.52 M
	Current Asset	915.12 M
	Current Liabilities	430.08 M
	Annual Yield	0.02 %
	Five Year Return	2.19 %
	Net Asset	1.64 B
	Last Dividend Paid	0.66

About Worthington Industries Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Worthington Industries's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Worthington Industries using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Worthington Industries based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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 against Worthington Stock

0.38	HIHO	Highway Holdings	Pair Corr
0.33	TPCS	TechPrecision Common	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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