Thor Industries Inc (THO)
Cash ratio
| Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 501,316 | 371,819 | 340,192 | 425,828 | 441,232 | 353,226 | 281,556 | 291,704 | 311,553 | 329,297 | 305,243 | 336,237 | 445,852 | 294,562 | 183,634 | 337,402 | 538,519 | 651,485 | 242,134 | 231,778 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,567,020 | 1,739,100 | 1,626,460 | 1,716,800 | 1,716,480 | 1,720,540 | 1,466,490 | 1,621,820 | 1,755,920 | 1,971,660 | 1,904,410 | 2,036,740 | 1,794,780 | 1,951,920 | 1,672,410 | 1,596,690 | 1,515,280 | 1,266,270 | 1,494,930 | 1,439,380 |
| Cash ratio | 0.32 | 0.21 | 0.21 | 0.25 | 0.26 | 0.21 | 0.19 | 0.18 | 0.18 | 0.17 | 0.16 | 0.17 | 0.25 | 0.15 | 0.11 | 0.21 | 0.36 | 0.51 | 0.16 | 0.16 |
July 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($501,316K
+ $—K)
÷ $1,567,020K
= 0.32
The cash ratio of Thor Industries Inc has shown some fluctuations over the past several quarters. The cash ratio measures the company's ability to pay off its current liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to cover short-term liabilities.
From October 2019 to July 2020, the cash ratio ranged between 0.16 and 0.36 before dipping to 0.11 in January 2021. Subsequently, there was an improvement in the cash ratio, reaching 0.32 in July 2024. This increase indicates that Thor Industries Inc has strengthened its ability to cover its short-term obligations with cash and cash equivalents.
Overall, the trend of the cash ratio over the analyzed period suggests that Thor Industries Inc has managed its cash position better, enhancing its liquidity and ability to meet short-term financial obligations. However, continued monitoring of the cash ratio is essential to assess the company's liquidity position effectively and ensure sustainable financial health.
Peer comparison
Jul 31, 2024