Thor Industries Inc (THO)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 502,301 | 642,571 | 534,402 | 548,800 | 543,865 | 731,753 | 572,301 | 749,630 | 848,814 | 1,166,320 | 1,080,450 | 1,095,970 | 796,489 | 769,826 | 724,026 | 653,805 | 588,069 | 248,458 | 581,809 | 556,176 |
| 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 |
| Quick ratio | 0.64 | 0.58 | 0.54 | 0.57 | 0.57 | 0.63 | 0.58 | 0.64 | 0.66 | 0.76 | 0.73 | 0.70 | 0.69 | 0.55 | 0.54 | 0.62 | 0.74 | 0.71 | 0.55 | 0.55 |
July 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($501,316K
+ $—K
+ $502,301K)
÷ $1,567,020K
= 0.64
The quick ratio of Thor Industries Inc has shown some fluctuations over the past two years. In the most recent period, as of July 31, 2024, the quick ratio was 0.64, indicating that the company had $0.64 in liquid assets available to cover each dollar of current liabilities. This suggests a moderate ability to meet its short-term obligations.
Looking at the trend, the quick ratio has generally been above 0.5, which is considered a benchmark for a healthy liquidity position. However, there have been fluctuations, with some periods showing ratios closer to 0.5, indicating potential liquidity challenges in those specific quarters.
It is notable that the quick ratio has slightly increased from the previous quarter, which may suggest an improvement in the company's ability to cover its short-term liabilities with its most liquid assets. Overall, continual monitoring of the quick ratio in conjunction with other financial metrics would be necessary to assess Thor Industries Inc's liquidity position accurately.
Peer comparison
Jul 31, 2024