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
Thermon Group Holdings (NYSE:THR) Has A Rock Solid Balance Sheet
Dec 27
Thermon Group Holdings (NYSE:THR) Has A Rock Solid Balance Sheet
Jun 07We Think Thermon Group Holdings (NYSE:THR) Is Taking Some Risk With Its Debt
Jun 03Thermon Group Holdings (NYSE:THR) Has A Somewhat Strained Balance Sheet
Feb 11
Recent updates
Here's Why Thermon Group Holdings (NYSE:THR) Has Caught The Eye Of Investors
Apr 28Pinning Down Thermon Group Holdings, Inc.'s (NYSE:THR) P/E Is Difficult Right Now
Apr 16Thermon Group: Cooling Down A Bit
Apr 10A Look At The Intrinsic Value Of Thermon Group Holdings, Inc. (NYSE:THR)
Jan 30Thermon Group: Warming Up To This Heating Play
Jan 04Thermon Group Holdings (NYSE:THR) Has A Rock Solid Balance Sheet
Dec 27Investors Will Want Thermon Group Holdings' (NYSE:THR) Growth In ROCE To Persist
Nov 15Is It Time To Consider Buying Thermon Group Holdings, Inc. (NYSE:THR)?
Nov 03Thermon Group Holdings: Looking For More Clarity On Margin Trends
Oct 25Thermon Group: Growth Through Future Operational Excellence Combined With Improved Cash Flows
Sep 21At US$26.00, Is Thermon Group Holdings, Inc. (NYSE:THR) Worth Looking At Closely?
Aug 04Thermon Group Holdings: Cash Flow Stability Through Strategic Acquisitions
Jul 04An Intrinsic Calculation For Thermon Group Holdings, Inc. (NYSE:THR) Suggests It's 33% Undervalued
Jun 28Thermon Group Holdings (NYSE:THR) Has A Rock Solid Balance Sheet
Jun 07Here's Why Thermon Group Holdings (NYSE:THR) Has Caught The Eye Of Investors
Apr 06What Does Thermon Group Holdings, Inc.'s (NYSE:THR) Share Price Indicate?
Mar 12Thermon Non-GAAP EPS of $0.52 beats by $0.15, revenue of $122.1M beats by $13.88M
Feb 02Thermon Group Holdings: Lukewarm Despite Hot Results
Jan 19Is It Too Late To Consider Buying Thermon Group Holdings, Inc. (NYSE:THR)?
Sep 02Thermon Seeing Signs Of Recovery With Additional Upside From Margins And Senate Bill 3
Aug 10We Think Shareholders May Want To Consider A Review Of Thermon Group Holdings, Inc.'s (NYSE:THR) CEO Compensation Package
Jul 27We Think Thermon Group Holdings (NYSE:THR) Is Taking Some Risk With Its Debt
Jun 03The Returns At Thermon Group Holdings (NYSE:THR) Provide Us With Signs Of What's To Come
Mar 09Thermon Group Holdings (NYSE:THR) Has A Somewhat Strained Balance Sheet
Feb 11Does Thermon Group Holdings' (NYSE:THR) CEO Salary Compare Well With Industry Peers?
Jan 21Thermon Group Holdings, Inc. (NYSE:THR) Shares Could Be 34% Below Their Intrinsic Value Estimate
Dec 31Are Insiders Buying Thermon Group Holdings, Inc. (NYSE:THR) Stock?
Dec 16Thermon Group promotes Kevin Fox to CFO
Dec 08Financial Position Analysis
Short Term Liabilities: THR's short term assets ($309.7M) exceed its short term liabilities ($139.7M).
Long Term Liabilities: THR's short term assets ($309.7M) exceed its long term liabilities ($197.9M).
Debt to Equity History and Analysis
Debt Level: THR's net debt to equity ratio (33.6%) is considered satisfactory.
Reducing Debt: THR's debt to equity ratio has reduced from 65% to 45.4% over the past 5 years.
Debt Coverage: THR's debt is well covered by operating cash flow (25.8%).
Interest Coverage: THR's interest payments on its debt are well covered by EBIT (12.1x coverage).