Worthington Common Stock Shares Outstanding vs Cash And Short Term Investments Analysis

WS Stock

45.14 1.19 2.71%

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 Common Stock Shares Outstanding and its Cash And Short Term Investments 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.

Common Stock Shares Outstanding vs Cash And Short Term Investments

Common Stock Shares Outstanding vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Worthington Steel Common Stock Shares Outstanding account and Cash And Short Term Investments. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Worthington Steel's Common Stock Shares Outstanding and Cash And Short Term Investments is -0.41. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Cash And Short Term Investments 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 Common Stock Shares Outstanding and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Shares Outstanding of Worthington Steel are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Common Stock Shares Outstanding i.e., Worthington Steel's Common Stock Shares Outstanding and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

-0.41

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Worthington Steel balance sheet. This account contains Worthington Steel investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Worthington Steel fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

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

Gross Profit Total Revenue

Worthington Steel fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Capital Lease Obligations	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Long Term Investments
Total Assets		0.93	-0.35	0.86	0.99	0.99	0.97	0.97	0.94	-0.3	0.72	0.97	0.66	0.9	0.72	0.96	0.97	-0.49	0.99	0.95	0.12	0.41	0.59	0.97	0.99	0.94
Short Long Term Debt Total	0.93		-0.04	0.83	0.91	0.96	0.98	0.97	1.0	-0.43	0.87	0.97	0.85	0.98	0.87	0.82	0.95	-0.39	0.93	0.94	-0.03	0.46	0.73	0.92	0.95	0.99
Other Current Liab	-0.35	-0.04		-0.01	-0.43	-0.29	-0.21	-0.24	-0.05	-0.29	0.09	-0.26	0.48	-0.06	0.09	-0.45	-0.34	-0.03	-0.4	-0.33	-0.46	0.49	0.45	-0.19	-0.32	-0.06
Total Current Liabilities	0.86	0.83	-0.01		0.77	0.85	0.82	0.77	0.86	-0.12	0.5	0.77	0.79	0.73	0.5	0.89	0.73	-0.5	0.78	0.7	0.23	0.77	0.66	0.96	0.82	0.81
Total Stockholder Equity	0.99	0.91	-0.43	0.77		0.98	0.97	0.97	0.91	-0.34	0.75	0.98	0.58	0.91	0.75	0.94	0.99	-0.46	1.0	0.98	0.09	0.29	0.54	0.92	0.99	0.93
Other Liab	0.99	0.96	-0.29	0.85	0.98		0.99	0.98	0.97	-0.29	0.76	0.98	0.7	0.93	0.76	0.94	0.98	-0.4	0.99	0.96	0.14	0.39	0.59	0.97	0.99	0.95
Net Tangible Assets	0.97	0.98	-0.21	0.82	0.97	0.99		0.99	0.98	-0.39	0.84	0.99	0.75	0.97	0.84	0.88	0.99	-0.41	0.98	0.98	0.03	0.38	0.65	0.94	0.99	0.98
Property Plant And Equipment Net	0.97	0.97	-0.24	0.77	0.97	0.98	0.99		0.97	-0.46	0.87	1.0	0.72	0.98	0.87	0.87	0.99	-0.45	0.98	0.99	-0.05	0.34	0.66	0.92	0.99	0.98
Net Debt	0.94	1.0	-0.05	0.86	0.91	0.97	0.98	0.97		-0.39	0.85	0.96	0.84	0.97	0.85	0.84	0.94	-0.38	0.93	0.93	0.02	0.47	0.71	0.94	0.95	0.98
Accounts Payable	-0.3	-0.43	-0.29	-0.12	-0.34	-0.29	-0.39	-0.46	-0.39		-0.76	-0.45	-0.52	-0.56	-0.76	-0.09	-0.42	0.66	-0.31	-0.45	0.91	-0.25	-0.77	-0.21	-0.36	-0.54
Cash	0.72	0.87	0.09	0.5	0.75	0.76	0.84	0.87	0.85	-0.76		0.86	0.77	0.94	1.0	0.51	0.84	-0.41	0.76	0.86	-0.45	0.25	0.77	0.65	0.79	0.9
Non Current Assets Total	0.97	0.97	-0.26	0.77	0.98	0.98	0.99	1.0	0.96	-0.45	0.86		0.71	0.97	0.86	0.87	1.0	-0.45	0.98	0.99	-0.04	0.33	0.65	0.91	0.99	0.98
Non Currrent Assets Other	0.66	0.85	0.48	0.79	0.58	0.7	0.75	0.72	0.84	-0.52	0.77	0.71		0.81	0.77	0.53	0.64	-0.46	0.61	0.64	-0.26	0.75	0.91	0.75	0.67	0.83
Other Assets	0.9	0.98	-0.06	0.73	0.91	0.93	0.97	0.98	0.97	-0.56	0.94	0.97	0.81		0.94	0.76	0.96	-0.41	0.92	0.96	-0.16	0.36	0.74	0.86	0.94	0.99
Cash And Short Term Investments	0.72	0.87	0.09	0.5	0.75	0.76	0.84	0.87	0.85	-0.76	1.0	0.86	0.77	0.94		0.51	0.84	-0.41	0.76	0.86	-0.45	0.25	0.77	0.65	0.79	0.9
Net Receivables	0.96	0.82	-0.45	0.89	0.94	0.94	0.88	0.87	0.84	-0.09	0.51	0.87	0.53	0.76	0.51		0.87	-0.48	0.93	0.85	0.31	0.44	0.45	0.96	0.93	0.82
Good Will	0.97	0.95	-0.34	0.73	0.99	0.98	0.99	0.99	0.94	-0.42	0.84	1.0	0.64	0.96	0.84	0.87		-0.41	0.99	1.0	0.0	0.25	0.58	0.89	0.99	0.96
Common Stock Shares Outstanding	-0.49	-0.39	-0.03	-0.5	-0.46	-0.4	-0.41	-0.45	-0.38	0.66	-0.41	-0.45	-0.46	-0.41	-0.41	-0.48	-0.41		-0.41	-0.4	0.52	-0.66	-0.75	-0.49	-0.45	-0.52
Non Current Liabilities Total	0.99	0.93	-0.4	0.78	1.0	0.99	0.98	0.98	0.93	-0.31	0.76	0.98	0.61	0.92	0.76	0.93	0.99	-0.41		0.98	0.12	0.28	0.53	0.93	1.0	0.93
Capital Lease Obligations	0.95	0.94	-0.33	0.7	0.98	0.96	0.98	0.99	0.93	-0.45	0.86	0.99	0.64	0.96	0.86	0.85	1.0	-0.4	0.98		-0.03	0.22	0.58	0.87	0.98	0.95
Inventory	0.12	-0.03	-0.46	0.23	0.09	0.14	0.03	-0.05	0.02	0.91	-0.45	-0.04	-0.26	-0.16	-0.45	0.31	0.0	0.52	0.12	-0.03		-0.13	-0.57	0.19	0.07	-0.15
Other Current Assets	0.41	0.46	0.49	0.77	0.29	0.39	0.38	0.34	0.47	-0.25	0.25	0.33	0.75	0.36	0.25	0.44	0.25	-0.66	0.28	0.22	-0.13		0.76	0.59	0.36	0.48
Other Stockholder Equity	0.59	0.73	0.45	0.66	0.54	0.59	0.65	0.66	0.71	-0.77	0.77	0.65	0.91	0.74	0.77	0.45	0.58	-0.75	0.53	0.58	-0.57	0.76		0.64	0.6	0.78
Total Liab	0.97	0.92	-0.19	0.96	0.92	0.97	0.94	0.92	0.94	-0.21	0.65	0.91	0.75	0.86	0.65	0.96	0.89	-0.49	0.93	0.87	0.19	0.59	0.64		0.95	0.91
Net Invested Capital	0.99	0.95	-0.32	0.82	0.99	0.99	0.99	0.99	0.95	-0.36	0.79	0.99	0.67	0.94	0.79	0.93	0.99	-0.45	1.0	0.98	0.07	0.36	0.6	0.95		0.96
Long Term Investments	0.94	0.99	-0.06	0.81	0.93	0.95	0.98	0.98	0.98	-0.54	0.9	0.98	0.83	0.99	0.9	0.82	0.96	-0.52	0.93	0.95	-0.15	0.48	0.78	0.91	0.96

Click cells to compare fundamentals

Worthington Steel Account Relationship Matchups

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Worthington Common Stock Shares Outstanding vs Cash And Short Term Investments Analysis

Common Stock Shares Outstanding vs Cash And Short Term Investments

Common Stock Shares Outstanding vs Cash And Short Term Investments Correlation Analysis

Correlation Coefficient

Common Stock Shares Outstanding

Cash And Short Term Investments

Worthington Steel fundamental ratios Correlations

Worthington Steel Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Thematic Opportunities

Explore Investment Opportunities

Additional Tools for Worthington Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Liabilities Total	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Good Will	+ 1.0	Non Current Assets Total
Capital Lease Obligations	+ 1.0	Good Will

Other Stockholder Equity	- 0.77	Accounts Payable
Cash And Short Term Investments	- 0.76	Accounts Payable
Cash	- 0.76	Accounts Payable
Other Stockholder Equity	- 0.75	Common Stock Shares Outstanding
Other Current Assets	- 0.66	Common Stock Shares Outstanding
Other Stockholder Equity	- 0.57	Inventory