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WORTHINGTON STEEL, INC.
CIK 0001968487 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
28.5
composite ยท 4 signals ยท ELEVATED

Every card below shows the score and the exact filing data it was computed from โ€” no unexplained numbers. Some signals (P-02, P-03, P-08, P-09, P-10, P-11) pull live documents from SEC EDGAR the first time you view this company; a few of those (P-03, P-10, P-11) use AI to read the filing text, but every AI claim must quote the actual document verbatim or it's discarded โ€” never a guess.

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Signals

P-12 ยท FY 2026-05-31 ยท ELEVATED37.7

Restatement predictor

F-Score 1.13 โ€” misstatement risk 1.1x the base rate
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-07-30) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 1.132,
  "probability": 0.00419,
  "components": {
    "rsst": -0.0915,
    "drec": 0.0273,
    "dinv": -0.003,
    "soft": 0.6742,
    "dcs": 0.0947,
    "droa": -0.0527,
    "issue": 1
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2026-05-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1968487/000196848726000026/0001968487-26-000026-index.htm",
    "form": "10-K",
    "filed": "2026-07-30"
  }
}
P-01 ยท FY 2026-05-31 ยท CLEAN21.5

Earnings quality

Beneish M-Score -2.75 โ€” no manipulation profile
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-07-30) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": -2.746,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 1.016,
    "GMI": 1.073,
    "AQI": 1.129,
    "SGI": 1.113,
    "DEPI": 0.966,
    "SGAI": 1.153,
    "LVGI": 1.127,
    "TATA": -0.086
  },
  "defaulted_to_neutral": [],
  "sloan_accruals": -0.0915,
  "inputs": {
    "revenue_t": 3443800000,
    "revenue_t1": 3093300000,
    "total_assets_t": 2252400000,
    "net_income_t": 8500000,
    "cfo_t": 201200000
  },
  "stale": false,
  "latest_filing_period": "2026-05-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1968487/000196848726000026/0001968487-26-000026-index.htm",
    "form": "10-K",
    "filed": "2026-07-30"
  }
}
P-05 ยท FY 2026-05-31 ยท CLEAN0.0

Tax arbitrage

ETR 281.7% โ€” within normal range of statutory
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-07-30) โ†—
Evidence โ€” inputs and thresholds
{
  "etr_by_year": {
    "2026-05-31": 2.8169,
    "2025-05-31": 0.1945,
    "2024-05-31": 0.2132
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2026-05-31": -2.6069,
    "2025-05-31": 0.0155,
    "2024-05-31": -0.0032
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": false,
  "latest_filing_period": "2026-05-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1968487/000196848726000026/0001968487-26-000026-index.htm",
    "form": "10-K",
    "filed": "2026-07-30"
  }
}
P-13 ยท FY 2025-05-31 ยท CLEAN0.0

Zombie / distress

Interest coverage 20.70x โ€” servicing debt from operations
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-07-30) โ†—
Evidence โ€” inputs and thresholds
{
  "icr_by_year": {
    "2026-05-31": null,
    "2025-05-31": 20.704,
    "2024-05-31": 32.417,
    "2023-05-31": 40.1
  },
  "consecutive_years_below_1": 0,
  "altman_z_double_prime": 3.647,
  "definitions": {
    "zombie": "ICR<1 for 3+ consecutive FYs (BIS 2018)",
    "z_distress": "<1.1 distress, 1.1-2.6 gray, >2.6 safe"
  },
  "inputs": {
    "ebit_t": 147000000,
    "interest_expense_t": 7100000
  },
  "stale": false,
  "latest_filing_period": "2026-05-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1968487/000196848726000026/0001968487-26-000026-index.htm",
    "form": "10-K",
    "filed": "2026-07-30"
  }
}