Thor Industries Inc (THO)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,101,260 | 1,209,050 | 1,390,470 | 1,271,880 | 1,291,310 | 1,641,080 | 1,758,510 | 1,714,640 | 1,754,240 | 1,983,600 | 2,167,730 | 2,232,270 | 1,594,820 | 1,718,130 | 1,821,520 | 1,585,020 | 1,652,830 | 1,965,980 | 1,746,610 | 1,780,090 |
| Total assets | US$ in thousands | 7,020,820 | 7,218,200 | 7,225,830 | 7,172,470 | 7,260,830 | 7,553,960 | 7,311,960 | 7,281,260 | 7,408,130 | 7,735,500 | 7,665,140 | 7,768,770 | 6,654,090 | 6,713,970 | 6,369,550 | 5,860,920 | 5,771,460 | 5,612,290 | 5,628,480 | 5,607,540 |
| Debt-to-assets ratio | 0.16 | 0.17 | 0.19 | 0.18 | 0.18 | 0.22 | 0.24 | 0.24 | 0.24 | 0.26 | 0.28 | 0.29 | 0.24 | 0.26 | 0.29 | 0.27 | 0.29 | 0.35 | 0.31 | 0.32 |
July 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,101,260K ÷ $7,020,820K
= 0.16
The debt-to-assets ratio of Thor Industries Inc has shown some fluctuations over the past two years, with values ranging from 0.16 to 0.35. It is a measure of the company's financial leverage and indicates the proportion of its assets financed by debt.
Overall, the trend in the debt-to-assets ratio seems to have been increasing, starting at 0.29 in Oct 2019, peaking at 0.35 in Jan 2020, and fluctuating around the 0.24 to 0.29 range in the most recent periods. This suggests that Thor Industries Inc has been increasing its reliance on debt to finance its assets over the past few years, albeit with some fluctuations in between.
A higher debt-to-assets ratio indicates higher financial risk, as it implies that a larger portion of the company's assets are funded by debt that needs to be repaid. It is important for investors and stakeholders to monitor this ratio over time to assess the company's ability to meet its debt obligations and evaluate its overall financial health.
Peer comparison
Jul 31, 2024