What is Thor Industries Debt-to-Equity?
Thor Industries's for the quarter that ended in Apr. 2024 was $35 Mil. Thor Industries's for the quarter that ended in Apr. 2024 was $1,209 Mil. Thor Industries's Total Stockholders Equity for the quarter that ended in Apr. 2024 was $4,003 Mil. Thor Industries's debt to equity for the quarter that ended in Apr. 2024 was 0.31.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Thor Industries's Debt-to-Equity or its related term are showing as below:
THO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.47 Max: 1.09
Current: 0.31
During the past 13 years, the highest Debt-to-Equity Ratio of Thor Industries was 1.09. The lowest was 0.04. And the median was 0.47.
THO's Debt-to-Equity is ranked better than
63.66% of 1175 companies
in the industry
Industry Median: 0.47 vs THO: 0.31
Thor Industries Debt-to-Equity Historical Data
The historical data trend for Thor Industries's Debt-to-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
Thor Industries Debt-to-Equity Chart
| Thor Industries Annual Data | ||||||||||||||||||||
| Trend | Jul14 | Jul15 | Jul16 | Jul17 | Jul18 | Jul19 | Jul20 | Jul21 | Jul22 | Jul23 | ||||||||||
| Debt-to-Equity | Get a 7-Day Free Trial | 0.91 | 0.72 | 0.55 | 0.49 | 0.33 | ||||||||||||||
| Thor Industries Quarterly Data | ||||||||||||||||||||
| Jul19 | Oct19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | Jan24 | Apr24 | |
| Debt-to-Equity | Get a 7-Day Free Trial | 0.43 | 0.33 | 0.33 | 0.36 | 0.31 | ||||||||||||||
Competitive Comparison of Thor Industries's Debt-to-Equity
For the Recreational Vehicles subindustry, Thor Industries's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Thor Industries's Debt-to-Equity Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Thor Industries's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Thor Industries's Debt-to-Equity falls into.
Thor Industries Debt-to-Equity Calculation
Debt to Equity measures the financial leverage a company has.
Thor Industries's Debt to Equity Ratio for the fiscal year that ended in Jul. 2023 is calculated as
| Debt to Equity | = | Total Debt | / | Total Stockholders Equity | ||
| = | ( | + | ) | / | Total Stockholders Equity | |
| = | (11.368 | + | 1291.311) | / | 3976.015 | |
| = | 0.33 |
Thor Industries's Debt to Equity Ratio for the quarter that ended in Apr. 2024 is calculated as
| Debt to Equity | = | Total Debt | / | Total Stockholders Equity | ||
| = | ( | + | ) | / | Total Stockholders Equity | |
| = | (35.491 | + | 1209.054) | / | 4003.23 | |
| = | 0.31 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Thor Industries(NYSE:THO) Debt-to-Equity Explanation
In the calculation of Debt to Equity, we use the total of and divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.
Be Aware
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Thor Industries Debt-to-Equity Related Terms
Thank you for viewing the detailed overview of Thor Industries's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Thor Industries (Thor Industries) Business Description
Industry
GURUFOCUS.COM »STOCK LIST »Consumer Cyclical » » Thor Industries Inc (NYSE:THO) » Definitions » Debt-to-Equity
Comparable Companies
BC HOG PII LCII WGO MBUU MCFT MPX MAMO REE TSX:DOO SHSE:603129 XPAR:TRI SHSE:603766 MIL:SL XPAR:BEN HKSE:09638 TPE:8478 NZSE:THL SHSE:603787
Traded in Other Exchanges
TIV:Germany TIV:Germany
Address
601 East Beardsley Avenue, Elkhart, IN, USA, 46514-3305
Website
Based in Elkhart, Indiana, Thor Industries manufactures Class A, Class B, and Class C motor homes along with travel trailers and fifth wheel towables across over 30 brands. Through the acquisition of Erwin Hymer in 2019, the company expanded its geographic footprint and now produces various motorized and towable recreational vehicles for Europe, including motorcaravans, campervans, urban vehicles, caravans, and other RV-related products and services. The company has also begun generating revenue through aftermarket component parts through the acquisition of Airxcel in 2021, however, this is still a nascent part of the business as it accounts for less than 10% of total sales. In fiscal 2023, the company wholesaled 187,015 units and generated over $11.1 billion in revenue.
Executives
| W. Todd Woelfer | officer: Sr. VP, Gen Counsel & Sec. | PO BOX 3300, ELKHART IN 46515 |
| Kenneth D Julian | officer: VP of Admin. and HR | 3080 WINDSOR CT., ELKHART IN 46514 |
| Peter Busch Orthwein | director, officer: Exec. Chairman of the Board | ONE LAGAYETTE PLACE, GREENWICH CT 06830 |
| James L Ziemer | director | C/O HARLEY DAVIDSON, 3700 W. JUNEAU AVE, MILWAUKEE WI 53208 |
| Amelia Huntington | director | C/O THOR INDUSTRIES, INC., 601 EAST BEARDSLEY AVE., ELKHART IN 46514-3305 |
| Trevor Q. Gasper | officer: VP, General Counsel and Sec. | 601 EAST BEARDSLEY AVE., ELKHART IN 46514 |
| Laurel Hurd | director | C/O NEWELL BRANDS INC., 6655 PEACHTREE DUNWOODY ROAD, ATLANTA GA 30328 |
| Christina Hennington | director | 1000 NICOLLET MALL, MINNEAPOLIS MN 55403 |
| J Allen Kosowsky | director | C/O THOR INDUSTRIES, INC., 419 WEST PIKE STREET, JACKSON CENTER OH 45334-0629 |
| Kelley William J. Jr | director | USG CORPORATION, 550 WEST ADAMS STREET, CHICAGO IL 60661 |
| Josef Hjelmaker | officer: Chief Innovation Officer | C/O THOR INDUSTRIES, INC., 601 E. BEARDSLEY AVE., ELKHART IN 46514-3305 |
| Christopher J Klein | director | 520 LAKE COOK ROAD, DEERFIELD IL 60015 |
| Jan Suwinski | director | 9450 SEWARD RD, C/O OHIO CASUALTY GROUP, FAIRFIELD OH 45014 |
| Robert W Martin | director, officer: Chief Exec. Officer & Pres. | C/O KEYSTONE RV COMPANY, 2642 HACKBERRY DRIVE, GOSHEN IN 46526 |
| Troy James | officer: SVP International Operations | C/O THOR INDUSTRIES, INC., 601 EAST BEARDSLEY AVENUE, ELKHART IN 46514-3305 |
Thor Industries (Thor Industries) Headlines
From GuruFocus
ACR Alpine Capital Research, LLC Buys 2, Sells 3 in 4th Quarter
By GuruFocus Research GuruFocus Editor • 02-02-2023
THOR INDUSTRIES CONTINUES GLOBAL RV INDUSTRY LEADERSHIP BY PUBLISHING ITS FIFTH ANNUAL SUSTAINABILITY REPORT
By PRNewswire PRNewswire • 10-27-2022
Thor Industries: An Under-the-Radar Bridgewater Holding
By Robert Abbott • 10-14-2022
By PRNewswire • 11-14-2023
THOR INDUSTRIES PARTNERS WITH HARBINGER MOTORS TO ACCELERATE ELECTRIFICATION OF RV CONSUMER EXPERIENCE
By PRNewswire PRNewswire • 11-03-2022
THOR Announces 7% Increase in Its Regular Quarterly Dividend
By Marketwired • 10-10-2023
Airstream Introduces All-New Interstate� 19X Touring Coach
By PRNewswire • 09-14-2023
THOR Industries Announces Date for Its Fiscal 2023 Fourth Quarter Earnings Release
By Marketwired • 09-12-2023
THOR Industries Unveils EV Charging Station Concept Specifically for Electric RVs
By PRNewswire • 11-21-2023
THOR Industries Announces Regular Quarterly Dividend
By Marketwired • 06-22-2023
