Toromont Industries Balance Sheet Health
Financial Health criteria checks 6/6
Toromont Industries has a total shareholder equity of CA$3.0B and total debt of CA$945.6M, which brings its debt-to-equity ratio to 31.8%. Its total assets and total liabilities are CA$5.2B and CA$2.2B respectively. Toromont Industries's EBIT is CA$662.1M making its interest coverage ratio -33.1. It has cash and short-term investments of CA$977.5M.
Key information
31.81%
Debt to equity ratio
CA$945.62m
Debt
| Interest coverage ratio | -33.1x |
| Cash | CA$977.46m |
| Equity | CA$2.97b |
| Total liabilities | CA$2.20b |
| Total assets | CA$5.18b |
Recent financial health updates
Here's Why Toromont Industries (TSE:TIH) Can Manage Its Debt Responsibly
May 21
Is Toromont Industries (TSE:TIH) Using Too Much Debt?
Dec 26Recent updates
Here's Why Toromont Industries (TSE:TIH) Can Manage Its Debt Responsibly
May 21Toromont Industries Ltd. (TSE:TIH) Shares Could Be 30% Below Their Intrinsic Value Estimate
Mar 17Toromont Industries (TSE:TIH) Is Paying Out A Larger Dividend Than Last Year
Feb 18Toromont Industries Ltd.'s (TSE:TIH) Business Is Trailing The Market But Its Shares Aren't
Jan 13Is Toromont Industries (TSE:TIH) Using Too Much Debt?
Dec 26
Tactical Expansion And Investments Fuel Growth In Dynamic Equipment Market
Acquisition of Tri-City Equipment Rentals and improved equipment availability aim to expand heavy rents and boost future revenue streams.Returns On Capital At Toromont Industries (TSE:TIH) Have Stalled
Nov 22Estimating The Fair Value Of Toromont Industries Ltd. (TSE:TIH)
Oct 31Toromont Industries Ltd.'s (TSE:TIH) Price Is Out Of Tune With Earnings
Oct 01Toromont Industries (TSE:TIH) Hasn't Managed To Accelerate Its Returns
Aug 19Estimating The Fair Value Of Toromont Industries Ltd. (TSE:TIH)
Jul 29Is Now The Time To Put Toromont Industries (TSE:TIH) On Your Watchlist?
Jul 16Toromont Industries Ltd. (TSE:TIH) Investors Are Less Pessimistic Than Expected
Jul 02Financial Position Analysis
Short Term Liabilities: TIH's short term assets (CA$3.0B) exceed its short term liabilities (CA$1.1B).
Long Term Liabilities: TIH's short term assets (CA$3.0B) exceed its long term liabilities (CA$1.1B).
Debt to Equity History and Analysis
Debt Level: TIH has more cash than its total debt.
Reducing Debt: TIH's debt to equity ratio has reduced from 47.3% to 31.8% over the past 5 years.
Debt Coverage: TIH's debt is well covered by operating cash flow (25.9%).
Interest Coverage: TIH earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/05/23 09:53 |
| End of Day Share Price | 2025/05/23 00:00 |
| Earnings | 2025/03/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Toromont Industries Ltd. is covered by 18 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| David Heasman | Accountability Research Corporation |
| Devin Dodge | BMO Capital Markets Equity Research |
| null null | BMO Capital Markets Equity Research |