Thor Total Stockholder Equity vs Total Current Liabilities Analysis
THO Stock | USD 104.73 1.83 1.78% |
Thor Industries financial indicator trend analysis is much more than just breaking down Thor Industries prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Thor Industries is a good investment. Please check the relationship between Thor Industries Total Stockholder Equity and its Total Current Liabilities accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Thor Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. To learn how to invest in Thor Stock, please use our How to Invest in Thor Industries guide.
Total Stockholder Equity vs Total Current Liabilities
Total Stockholder Equity vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Thor Industries Total Stockholder Equity account and Total Current Liabilities. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Thor Industries' Total Stockholder Equity and Total Current Liabilities is 0.95. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Thor Industries, assuming nothing else is changed. The correlation between historical values of Thor Industries' Total Stockholder Equity and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Stockholder Equity of Thor Industries are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Total Stockholder Equity i.e., Thor Industries' Total Stockholder Equity and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.95 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.Total Current Liabilities
Total Current Liabilities is an item on Thor Industries balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Thor Industries are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Most indicators from Thor Industries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Thor Industries current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Thor Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. To learn how to invest in Thor Stock, please use our How to Invest in Thor Industries guide.At this time, Thor Industries' Selling General Administrative is very stable compared to the past year. As of the 10th of May 2024, Tax Provision is likely to grow to about 163.2 M, though Discontinued Operations is likely to grow to (1.3 M).
2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 16.3B | 11.1B | 12.8B | 13.4B | Depreciation And Amortization | 156.9M | 276.9M | 318.5M | 334.4M |
Thor Industries fundamental ratios Correlations
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Thor Industries Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Thor Industries fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 5.8B | 6.7B | 7.4B | 7.3B | 8.3B | 8.8B | |
Other Current Liab | 35.9M | 25.7M | 920.3M | 912.8M | 1.0B | 1.1B | |
Total Current Liabilities | 1.5B | 1.8B | 1.8B | 1.7B | 2.0B | 2.1B | |
Total Stockholder Equity | 2.3B | 2.9B | 3.6B | 4.0B | 4.6B | 4.8B | |
Property Plant And Equipment Net | 1.1B | 1.2B | 1.3B | 1.4B | 1.6B | 1.7B | |
Net Debt | 1.1B | 1.1B | 1.4B | 861.4M | 990.7M | 1.0B | |
Retained Earnings | 2.2B | 2.8B | 3.8B | 4.1B | 4.7B | 4.9B | |
Cash | 541.4M | 445.9M | 311.7M | 441.2M | 507.4M | 532.8M | |
Non Current Assets Total | 3.7B | 3.9B | 4.3B | 4.5B | 5.1B | 5.4B | |
Cash And Short Term Investments | 541.4M | 445.9M | 311.7M | 441.2M | 507.4M | 532.8M | |
Net Receivables | 814.2M | 949.9M | 944.2M | 643.2M | 739.7M | 776.7M | |
Common Stock Shares Outstanding | 55.4M | 55.7M | 55.3M | 53.9M | 61.9M | 57.6M | |
Liabilities And Stockholders Equity | 5.8B | 6.7B | 7.4B | 7.3B | 8.3B | 8.8B | |
Non Current Liabilities Total | 1.9B | 1.9B | 2.1B | 1.6B | 1.8B | 1.9B | |
Inventory | 716.3M | 1.4B | 1.8B | 1.7B | 1.9B | 2.0B | |
Other Current Assets | 30.4M | 38.4M | 52.0M | 56.1M | 64.5M | 101.3M | |
Other Stockholder Equity | 110.7M | 100.3M | (63.9M) | (53.6M) | (48.3M) | (45.9M) | |
Total Liab | 3.4B | 3.7B | 3.8B | 3.3B | 3.8B | 4.0B | |
Total Current Assets | 2.1B | 2.8B | 3.1B | 2.8B | 3.2B | 3.4B | |
Intangible Assets | 914.7M | 937.2M | 1.1B | 997.0M | 1.1B | 1.2B | |
Short Long Term Debt Total | 1.7B | 1.6B | 1.8B | 1.3B | 1.5B | 1.6B | |
Short Term Debt | 13.8M | 12.4M | 13.2M | 11.4M | 10.2M | 9.7M | |
Accounts Payable | 636.5M | 915.0M | 822.4M | 736.3M | 846.7M | 889.1M | |
Non Currrent Assets Other | 91.5M | 123.8M | 157.9M | 149.4M | 171.8M | 180.4M | |
Good Will | 1.5B | 1.6B | 1.8B | 1.8B | 2.1B | 2.2B | |
Property Plant And Equipment Gross | 1.1B | 1.2B | 1.8B | 2.0B | 2.3B | 2.4B | |
Accumulated Other Comprehensive Income | 27.0M | 44.6M | (181.6M) | (68.5M) | (61.7M) | (58.6M) | |
Common Stock Total Equity | 6.5M | 6.5M | 6.6M | 6.6M | 7.6M | 5.8M | |
Common Stock | 6.5M | 6.6M | 6.6M | 6.6M | 7.6M | 5.8M | |
Other Liab | 224.6M | 316.4M | 259.0M | 230.1M | 264.7M | 277.9M | |
Other Assets | 170.3M | 165.0M | 165.9M | 155.1M | 178.4M | 187.3M | |
Treasury Stock | (348.1M) | (351.9M) | (360.2M) | (543.3M) | (489.0M) | (464.6M) | |
Property Plant Equipment | 1.1B | 1.2B | 1.3B | 1.4B | 1.6B | 1.7B | |
Net Tangible Assets | (71.5M) | 421.4M | 3.6B | 1.2B | 1.4B | 1.4B | |
Long Term Debt | 1.7B | 1.6B | 1.8B | 1.3B | 1.5B | 1.6B | |
Retained Earnings Total Equity | 2.0B | 2.1B | 2.2B | 3.8B | 4.4B | 4.6B | |
Capital Surpluse | 436.8M | 460.5M | 497.9M | 539.0M | 619.9M | 354.7M | |
Deferred Long Term Liab | 9.8M | 7.0M | 115.9M | 2.7M | 3.1M | 3.0M | |
Long Term Investments | 46.2M | 0.0 | 10.8M | 126.9M | 145.9M | 153.2M |
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When determining whether Thor Industries offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Thor Industries' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Thor Industries Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Thor Industries Stock:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Thor Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. To learn how to invest in Thor Stock, please use our How to Invest in Thor Industries guide.Note that the Thor Industries information on this page should be used as a complementary analysis to other Thor Industries' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
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When running Thor Industries' price analysis, check to measure Thor Industries' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Thor Industries is operating at the current time. Most of Thor Industries' value examination focuses on studying past and present price action to predict the probability of Thor Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Thor Industries' price. Additionally, you may evaluate how the addition of Thor Industries to your portfolios can decrease your overall portfolio volatility.
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Is Thor Industries' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Thor Industries. If investors know Thor will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Thor Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.74) | Dividend Share 1.86 | Earnings Share 5.05 | Revenue Per Share 194.511 | Quarterly Revenue Growth (0.06) |
The market value of Thor Industries is measured differently than its book value, which is the value of Thor that is recorded on the company's balance sheet. Investors also form their own opinion of Thor Industries' value that differs from its market value or its book value, called intrinsic value, which is Thor Industries' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Thor Industries' market value can be influenced by many factors that don't directly affect Thor Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Thor Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Thor Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Thor Industries' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.