WS
Worthington Steel, Inc.
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What it owns, and who has a claim on it
Both columns are the same height because they are the same money, counted twice: once by what it is, once by who it belongs to.
| Cash | $248M4% |
|---|---|
| Receivables | $1.4B23% |
| Inventory | $1.7B28% |
| Property & equipment | $1.1B18% |
| Goodwill | $44M1% |
| Intangibles | $75M1% |
| Other assets | $1.5B24% |
| Accounts payable | $1.2B19% |
|---|---|
| Long-term debt | $1.7B27% |
| Other liabilities | $1.5B25% |
| Equity incl. noncontrolling interest | $1.6B27% |
Worthington Steel, Inc. (WS) files with the SEC as a materials company. Its most recent balance sheet puts total assets at $6.0B, against $4.3B of liabilities and $1.6B of equity, as at 2026-08-31. That balance sheet grew 167.4% against 2026-05-31, when total assets were $2.3B. Liabilities account for 71.8% of the balance sheet and equity 27.2%, about $2.64 of liabilities for every dollar of equity. The largest single line on the asset side is Inventory at $1.7B, 28.4% of total assets, followed by Receivables at $1.4B. Its largest single liability is Long-term debt at $1.7B, 27.5% of the balance sheet. The figures come from a filing filed on 2026-10-13. The filing presents redeemable instruments between liabilities and equity, so it reconciles once that mezzanine block is included — every figure as filed. Every figure above is as filed, taken from the most recent filing that reported it. Nothing is estimated or smoothed, and where the filing and the identity disagree the disagreement is shown rather than closed.
Most of what WS owns is physical — property, equipment and inventory account for 47% of total assets.
It is mostly funded by others: equity is 27% of the balance sheet and liabilities are the remaining 73%.
The numbers behind Worthington Steel, Inc.’s balance sheet
The check, written out
Assets $6,021,900,000 − (liabilities $4,321,600,000 + equity $1,636,500,000 + mezzanine equity $63,800,000) = $0
Ratios
| Liabilities to assets | $4.3B ÷ $6.0B | 71.8% |
|---|---|---|
| Equity to assets | $1.6B ÷ $6.0B | 27.2% |
| Liabilities to equity | $4.3B ÷ $1.6B | 2.64× |
| Largest asset line: Inventory | $1.7B ÷ $6.0B | 28.4% |
| Largest liability line: Long-term debt | $1.7B ÷ $6.0B | 27.5% |
Does it balance, quarter by quarter
8 of the last 8 tested balance sheets on file reconcile as this site reads them. Each row is judged by the same check as the drawing above, and “latest filing” is the newest filing that carried that period's figures, since later filings repeat earlier periods as comparatives.
| Period end | Latest filing | Assets | Liabilities | Equity | A = L + E |
|---|---|---|---|---|---|
| 2026-08-31 | 2026-10-13 | $6.0B | $4.3B | $1.6B | Balanced, with mezzanine equity |
| 2026-05-31 | 2026-07-30 | $2.3B | $990M | $1.2B | Balanced, with mezzanine equity |
| 2026-02-28 | 2026-04-09 | $2.3B | $958M | $1.3B | Balanced, with mezzanine equity |
| 2025-11-30 | 2026-01-08 | $2.1B | $803M | $1.2B | Balanced, with mezzanine equity |
| 2025-08-31 | 2025-10-10 | $2.2B | $912M | $1.2B | Balanced, with mezzanine equity |
| 2025-05-31 | 2025-07-29 | $2.0B | $764M | $1.2B | Balanced |
| 2025-02-28 | 2025-04-11 | $1.8B | $657M | $1.1B | Balanced |
| 2024-11-30 | 2025-01-13 | $1.7B | $594M | $1.1B | Balanced |
Where to go from here
- All Materials companies — largest by total assets first, as most recently filed.
- Every company covered — the directory this page belongs to.
- How the check works — what “balanced” means and what the exceptions are.
Ask about these numbers
Answered from the figures on this page and nothing else. Ask for something that is not here — another company, a share price, an earlier quarter — and it will tell you it is not in the filing data.
This is a language model reading the same numbers you can see. It does not predict, rate or recommend.
Learn more
- What Is the Accounting Identity? Meaning and Example — Why Assets = Liabilities + Equity works as a test on data you did not produce, and what it means when a filing does not balance.
- Why Naive XBRL Extraction Breaks Balance Sheets (And How a Balance Check Catches It) — How the figure on this page was chosen out of the twenty-odd tags the filer published for it.
- 995 of 38,568 SEC Filings Failed Our Balance Sheet Check — 995 of 38,568 filings failed the check: the method, the reasons and the filings themselves.
Every figure here is also available as JSON — the API reference and what it costs.
Related companies
The nearest in size that file in the same sector, each drawn to the same scale.