Thor Industries Inc (THO)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 4,067,430 | 4,003,230 | 3,936,420 | 3,915,460 | 3,976,020 | 3,891,900 | 3,780,780 | 3,642,360 | 3,592,860 | 3,433,890 | 3,225,660 | 3,102,840 | 2,921,840 | 2,732,700 | 2,570,240 | 2,392,740 | 2,319,780 | 2,086,670 | 2,112,840 | 2,113,530 |
| Debt-to-capital ratio | 0.21 | 0.23 | 0.26 | 0.25 | 0.25 | 0.30 | 0.32 | 0.32 | 0.33 | 0.37 | 0.40 | 0.42 | 0.35 | 0.39 | 0.41 | 0.40 | 0.42 | 0.49 | 0.45 | 0.46 |
July 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,101,260K ÷ ($1,101,260K + $4,067,430K)
= 0.21
The debt-to-capital ratio of Thor Industries Inc has exhibited some fluctuations over the past few years. The ratio, which represents the proportion of the company's debt to its total capital (debt plus equity), was 0.21 as of July 31, 2024, indicating that debt accounted for 21% of the company's total capital at that time.
The trend in the debt-to-capital ratio shows some variability, with the ratio ranging from 0.21 to 0.49 over the past few years. Generally, a lower debt-to-capital ratio suggests that the company relies less on debt financing and may have a stronger financial position, while a higher ratio could indicate higher leverage and increased financial risk.
In the most recent period, the debt-to-capital ratio decreased from 0.23 in April 2024 to 0.21 in July 2024, which may suggest a reduction in debt relative to total capital. This improvement could be a positive sign of more conservative financial management or successful deleveraging efforts by the company.
Overall, monitoring the debt-to-capital ratio over time can provide insights into Thor Industries Inc's capital structure and financial risk profile, helping stakeholders assess the company's ability to meet its financial obligations and make informed investment decisions.
Peer comparison
Jul 31, 2024