THOR Industries Balance Sheet Health
Financial Health criteria checks 5/6
THOR Industries has a total shareholder equity of $3.9B and total debt of $1.4B, which brings its debt-to-equity ratio to 35.7%. Its total assets and total liabilities are $7.2B and $3.3B respectively. THOR Industries's EBIT is $462.8M making its interest coverage ratio 4.8. It has cash and short-term investments of $340.2M.
Key information
35.7%
Debt to equity ratio
US$1.41b
Debt
Interest coverage ratio | 4.8x |
Cash | US$340.19m |
Equity | US$3.94b |
Total liabilities | US$3.28b |
Total assets | US$7.23b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0LF8's short term assets ($2.8B) exceed its short term liabilities ($1.6B).
Long Term Liabilities: 0LF8's short term assets ($2.8B) exceed its long term liabilities ($1.7B).
Debt to Equity History and Analysis
Debt Level: 0LF8's net debt to equity ratio (27.1%) is considered satisfactory.
Reducing Debt: 0LF8's debt to equity ratio has increased from 0% to 35.7% over the past 5 years.
Debt Coverage: 0LF8's debt is well covered by operating cash flow (53.4%).
Interest Coverage: 0LF8's interest payments on its debt are well covered by EBIT (4.8x coverage).