Thermon Group Holdings Balance Sheet Health
Financial Health criteria checks 6/6
Thermon Group Holdings has a total shareholder equity of $490.3M and total debt of $165.0M, which brings its debt-to-equity ratio to 33.7%. Its total assets and total liabilities are $761.5M and $271.2M respectively. Thermon Group Holdings's EBIT is $71.6M making its interest coverage ratio 6.5. It has cash and short-term investments of $37.0M.
Key information
33.7%
Debt to equity ratio
US$165.04m
Debt
| Interest coverage ratio | 6.5x |
| Cash | US$37.00m |
| Equity | US$490.29m |
| Total liabilities | US$271.25m |
| Total assets | US$761.53m |
Recent financial health updates
Thermon Group Holdings (NYSE:THR) Has A Pretty Healthy Balance Sheet
Sep 18
Thermon Group Holdings (NYSE:THR) Has A Rock Solid Balance Sheet
Dec 27Thermon Group Holdings (NYSE:THR) Has A Rock Solid Balance Sheet
Jun 07Recent updates
What You Can Learn From Thermon Group Holdings, Inc.'s (NYSE:THR) P/E
Nov 07Thermon Group Holdings' (NYSE:THR) Returns On Capital Are Heading Higher
Oct 25Thermon Group: Warming Up To The Shares Again (Rating Upgrade)
Oct 03Thermon Group Holdings (NYSE:THR) Has A Pretty Healthy Balance Sheet
Sep 18With EPS Growth And More, Thermon Group Holdings (NYSE:THR) Makes An Interesting Case
Sep 05An Intrinsic Calculation For Thermon Group Holdings, Inc. (NYSE:THR) Suggests It's 28% Undervalued
Jul 16At US$30.76, Is Thermon Group Holdings, Inc. (NYSE:THR) Worth Looking At Closely?
Jun 30The Return Trends At Thermon Group Holdings (NYSE:THR) Look Promising
Jun 17Thermon Group Holdings, Inc. (NYSE:THR) Just Released Its Full-Year Earnings: Here's What Analysts Think
Jun 02Here'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 02Financial Position Analysis
Short Term Liabilities: THR's short term assets ($275.0M) exceed its short term liabilities ($98.3M).
Long Term Liabilities: THR's short term assets ($275.0M) exceed its long term liabilities ($173.0M).
Debt to Equity History and Analysis
Debt Level: THR's net debt to equity ratio (26.1%) is considered satisfactory.
Reducing Debt: THR's debt to equity ratio has reduced from 56.2% to 33.7% over the past 5 years.
Debt Coverage: THR's debt is well covered by operating cash flow (50.2%).
Interest Coverage: THR's interest payments on its debt are well covered by EBIT (6.5x coverage).