Worthington Net Invested Capital vs Net Debt Analysis
WS Stock | 44.45 0.68 1.55% |
Worthington Steel financial indicator trend analysis is more than just analyzing Worthington Steel current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Worthington Steel is a good investment. Please check the relationship between Worthington Steel Net Invested Capital and its Net Debt accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Worthington Steel. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state. For more information on how to buy Worthington Stock please use our How to Invest in Worthington Steel guide.
Net Invested Capital vs Net Debt
Net Invested Capital vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Worthington Steel Net Invested Capital account and Net Debt. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Worthington Steel's Net Invested Capital and Net Debt is 0.95. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Net Debt in the same time period over historical financial statements of Worthington Steel, assuming nothing else is changed. The correlation between historical values of Worthington Steel's Net Invested Capital and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Invested Capital of Worthington Steel are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Net Invested Capital i.e., Worthington Steel's Net Invested Capital and Net Debt go up and down completely randomly.
Correlation Coefficient | 0.95 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.Net Debt
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.Most indicators from Worthington Steel's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Worthington Steel current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Worthington Steel. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state. For more information on how to buy Worthington Stock please use our How to Invest in Worthington Steel guide.Issuance Of Capital Stock is likely to gain to about 315 K in 2024, whereas Tax Provision is likely to drop slightly above 35.3 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 395.5M | 340.4M | 439.8M | 425.3M | Total Revenue | 4.1B | 3.6B | 3.4B | 3.6B |
Worthington Steel fundamental ratios Correlations
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Worthington Steel Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Thematic Opportunities
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Additional Tools for Worthington Stock Analysis
When running Worthington Steel's price analysis, check to measure Worthington Steel's 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 Steel is operating at the current time. Most of Worthington Steel's value examination focuses on studying past and present price action to predict the probability of Worthington Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Worthington Steel's price. Additionally, you may evaluate how the addition of Worthington Steel to your portfolios can decrease your overall portfolio volatility.