Thor Industries Inc (THO)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,650,030 | 2,870,250 | 2,839,260 | 2,805,530 | 2,793,580 | 3,084,770 | 2,863,030 | 2,993,610 | 3,062,480 | 3,358,510 | 3,200,700 | 3,213,710 | 2,803,520 | 2,845,790 | 2,495,550 | 2,240,320 | 2,102,280 | 2,088,780 | 2,067,500 | 1,993,480 |
| 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 |
| Current ratio | 1.69 | 1.65 | 1.75 | 1.63 | 1.63 | 1.79 | 1.95 | 1.85 | 1.74 | 1.70 | 1.68 | 1.58 | 1.56 | 1.46 | 1.49 | 1.40 | 1.39 | 1.65 | 1.38 | 1.38 |
July 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,650,030K ÷ $1,567,020K
= 1.69
The current ratio of Thor Industries Inc has shown some fluctuation over the past few years. It stood at 1.69 as of July 31, 2024, indicating that the company had $1.69 in current assets for every $1 in current liabilities. The current ratio has generally been above 1.5 over the past two years, which suggests that the company has had a relatively healthy liquidity position. However, it is important to note that a current ratio of 1.69 means that the company may have slightly fewer liquid assets compared to its current liabilities, which could pose a risk in meeting its short-term obligations.
The company's current ratio has ranged between 1.38 to 1.95 over the past two years, showing some variability in its liquidity position. While a higher current ratio is generally preferred as it indicates a stronger ability to cover short-term obligations, it is essential to assess the trend over time and compare the current ratio with industry benchmarks to get a more comprehensive view of Thor Industries Inc's liquidity position.
Peer comparison
Jul 31, 2024