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I've been keeping an eye on Worthington Industries, Inc. (NYSE:WOR) because I'm attracted to its fundamentals. Looking at the company as a whole, as a potential stock investment, I believe WOR has a lot to offer. Basically, it is a well-regarded dividend-paying company that has been able to sustain great financial health over the past. In the following section, I expand a bit more on these key aspects. For those interested in understanding where the figures come from and want to see the analysis, read the full report on Worthington Industries here.
Adequate balance sheet average dividend payer
WOR's strong financial health means that all of its upcoming liability payments are able to be met by its current cash and short-term investment holdings. This implies that WOR manages its cash and cost levels well, which is a crucial insight into the health of the company. WOR seems to have put its debt to good use, generating operating cash levels of 0.27x total debt in the most recent year. This is also a good indication as to whether debt is properly covered by the company’s cash flows.
Income investors would also be happy to know that WOR is a great dividend company, with a current yield standing at 2.4%. WOR has also been regularly increasing its dividend payments to shareholders over the past decade.
For Worthington Industries, there are three pertinent aspects you should look at:
- Future Outlook: What are well-informed industry analysts predicting for WOR’s future growth? Take a look at our free research report of analyst consensus for WOR’s outlook.
- Historical Performance: What has WOR's returns been like over the past? Go into more detail in the past track record analysis and take a look at the free visual representations of our analysis for more clarity.
- Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of WOR? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
If you spot an error that warrants correction, please contact the editor at email@example.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.