Toromont Industries Balance Sheet Health
Financial Health criteria checks 6/6
Toromont Industries has a total shareholder equity of CA$3.3B and total debt of CA$796.4M, which brings its debt-to-equity ratio to 24.2%. Its total assets and total liabilities are CA$5.5B and CA$2.2B respectively. Toromont Industries's EBIT is CA$667.0M making its interest coverage ratio -82.8. It has cash and short-term investments of CA$1.3B.
Key information
24.20%
Debt to equity ratio
CA$796.43m
Debt
| Interest coverage ratio | -82.8x |
| Cash | CA$1.33b |
| Equity | CA$3.29b |
| Total liabilities | CA$2.18b |
| Total assets | CA$5.47b |
Recent financial health updates
We Think Toromont Industries (TSE:TIH) Can Stay On Top Of Its Debt
Nov 26
Is Toromont Industries (TSE:TIH) Using Too Much Debt?
Aug 23Here's Why Toromont Industries (TSE:TIH) Can Manage Its Debt Responsibly
May 21Recent updates
Toromont Industries (TSE:TIH) Is Increasing Its Dividend To CA$0.56
Feb 14Is There Now An Opportunity In Toromont Industries Ltd. (TSE:TIH)?
Jan 31Returns At Toromont Industries (TSE:TIH) Appear To Be Weighed Down
Dec 26We Think Toromont Industries (TSE:TIH) Can Stay On Top Of Its Debt
Nov 26A Look At The Intrinsic Value Of Toromont Industries Ltd. (TSE:TIH)
Oct 11Is Toromont Industries (TSE:TIH) Using Too Much Debt?
Aug 23A Look At The Fair Value Of Toromont Industries Ltd. (TSE:TIH)
Jul 08Toromont Industries' (TSE:TIH) Returns Have Hit A Wall
Jun 23Here'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 17
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.Financial Position Analysis
Short Term Liabilities: TIH's short term assets (CA$3.3B) exceed its short term liabilities (CA$1.1B).
Long Term Liabilities: TIH's short term assets (CA$3.3B) 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 38% to 24.2% over the past 5 years.
Debt Coverage: TIH's debt is well covered by operating cash flow (93.2%).
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 | 2026/03/13 17:24 |
| End of Day Share Price | 2026/03/13 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
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
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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 14 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 |