Worthington Enterprises (Worthington Enterprises) Interest Expense : $-16 Mil (TTM As of Feb. 2024)

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What is Worthington Enterprises Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Worthington Enterprises's interest expense for the three months ended in Feb. 2024 was $ -0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was $-16 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Worthington Enterprises's Operating Income for the three months ended in Feb. 2024 was $ 8 Mil. Worthington Enterprises's Interest Expense for the three months ended in Feb. 2024 was $ -0 Mil. Worthington Enterprises's Interest Coverage for the quarter that ended in Feb. 2024 was 159.56. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Worthington Enterprises Interest Expense Historical Data

The historical data trend for Worthington Enterprises's Interest Expense 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 Enterprises Interest Expense Chart

Worthington Enterprises Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Interest Expense

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-38.06

-31.62

-30.35

-31.34

-26.76

Worthington Enterprises Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Interest Expense	Get a 7-Day Free Trial															-4.19	-11.07	-3.08	-2.17	-0.05

Worthington Enterprises Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-16 Mil.

Worthington Enterprises (NYSE:WOR) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Worthington Enterprises's Interest Expense for the three months ended in Feb. 2024 was $-0 Mil. Its Operating Income for the three months ended in Feb. 2024 was $8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2024 was $313 Mil.

Worthington Enterprises's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Feb. 2024 )	/	Interest Expense (Q: Feb. 2024 )
	=	-1	*	7.978	/	-0.05
	=	159.56

The higher the ratio, the stronger the company's financial strength is.

Worthington Enterprises (Worthington Enterprises) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Worthington Enterprises Inc (NYSE:WOR) » Definitions » Interest Expense

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Traded in Other Exchanges

WTH:Germany WTH:Germany

Address

200 Old Wilson Bridge Road, Columbus, OH, USA, 43085

Website

https://www.worthingtonindustries.com

Worthington Enterprises Inc formerly Worthington Industries Inc is a diversified metals manufacturing company, focused on value-added steel processing and manufactured metal products. Its manufactured metal products include pressure cylinders for liquefied petroleum gas, compressed natural gas, oxygen, refrigerant, and other industrial gas storage; cylinders; helium-filled balloon kits; steel and fiberglass tanks and processing equipment primarily for the oil and gas industry; cryogenic pressure vessels for liquefied natural gas and other gas storage applications; light gauge steel framing for commercial and residential construction; and several other products. The firm's operating segments are Steel Processing, Consumer Products, Building Products and Sustainable Energy Solutions.

Executives

Kerrii B Anderson	director	WENDY'S INTERNATIONAL, INC, 4288 WEST DUBLIN-GRANVILLE RD., DUBLIN OH 43017
Horton Ozey K Jr	director	200 OLD WILSON BRIDGE ROAD, COLUMBUS OH 43085
Geoffrey G Gilmore	officer: President, Worthington Steel	200 OLD WILSON BRIDGE ROAD, COLUMBUS OH 43085
Eric M Smolenski	officer: VP-HUMAN RESOURCES	200 OLD WILSON BRIDGE ROAD, COLUMBUS OH 43085
Catherine M Lyttle	officer: Vice President-Communications	200 OLD WILSON BRIDGE ROAD, COLUMBUS OH 43085
Jeffrey R Klingler	officer: President, Worthington Steel	200 OLD WILSON BRIDGE RD, COLUMBUS OH 43085
Mcconnell John P/oh	director, officer: Chairman/Chief Exec Officer	200 OLD WILSON BRIDGE ROAD, COLUMBUS OH 43085
B Andrew Rose	officer: CFO	200 OLD WILSON BRIDGE ROAD, COLUMBUS OH 43085
Mcconnell John H Ii	director	200 OLD WILSON BRIDGE ROAD, COLUMBUS OH 43085
Patrick J. Kennedy	officer: VP-General Counsel & Secy	200 OLD WILSON BRIDGE ROAD, COLUMBUS OH 43085
David P Blom	director	200 OLD WILSON BRIDGE RD, COLUMBUS OH 43085
Sidney A Ribeau	director
Steven R Witt	officer: Controller	WORTHINGTON INDUSTRIES, INC, 200 OLD WILSON BRIDGE ROAD, COLUMBUS OH 43085
Steven M Caravati	officer: President-Worthington Cylinder	WORTHINGTON INDUSTRIES, INC., 200 OLD WILSON BRIDGE ROAD, COLUMBUS OH 43085
John B Blystone	director	200 OLD WILSON BRIDGE ROAD, N/A, COLUMBUS OH 43085