Thermon Group Holdings Balance Sheet Health
Financial Health criteria checks 6/6
Thermon Group Holdings has a total shareholder equity of $467.4M and total debt of $212.4M, which brings its debt-to-equity ratio to 45.4%. Its total assets and total liabilities are $805.1M and $337.7M respectively. Thermon Group Holdings's EBIT is $84.6M making its interest coverage ratio 12.1. It has cash and short-term investments of $55.4M.
Key information
45.4%
Debt to equity ratio
US$212.40m
Debt
Interest coverage ratio | 12.1x |
Cash | US$55.40m |
Equity | US$467.43m |
Total liabilities | US$337.66m |
Total assets | US$805.09m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 8TG's short term assets ($309.7M) exceed its short term liabilities ($139.7M).
Long Term Liabilities: 8TG's short term assets ($309.7M) exceed its long term liabilities ($197.9M).
Debt to Equity History and Analysis
Debt Level: 8TG's net debt to equity ratio (33.6%) is considered satisfactory.
Reducing Debt: 8TG's debt to equity ratio has reduced from 65% to 45.4% over the past 5 years.
Debt Coverage: 8TG's debt is well covered by operating cash flow (25.8%).
Interest Coverage: 8TG's interest payments on its debt are well covered by EBIT (12.1x coverage).