Thor Industries Long Term Debt to Equity from 2010 to 2023

THO Stock  USD 77.05  0.45  0.58%   
Thor Industries Long Term Debt to Equity yearly trend continues to be very stable with very little volatility. Long Term Debt to Equity is likely to drop to 0.44. During the period from 2010 to 2023, Thor Industries Long Term Debt to Equity quarterly data regression pattern had sample variance of 0.06 and median of  0.44. As of 24th of March 2023, Direct Expenses is likely to grow to about 13.1 B. Also, Consolidated Income is likely to grow to about 1.4 B.
  
Check Thor Industries financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Thor Industries main balance sheet or income statement drivers, such as Direct Expenses of 13.1 B, Consolidated Income of 1.4 B or Cost of Revenue of 16.8 B, as well as many exotic indicators such as Interest Coverage of 20.08, Long Term Debt to Equity of 0.44 or Calculated Tax Rate of 30.28. Thor Industries financial statements analysis is a perfect complement when working with Thor Industries Valuation or Volatility modules. It can also supplement Thor Industries' financial leverage analysis and stock options assessment as well as various Thor Industries Technical models . Check out the analysis of Thor Industries Correlation against competitors. To learn how to invest in Thor Industries Stock please use our How to Invest in Thor Industries guide.

Thor Industries Long Term Debt to Equity Breakdown

Showing smoothed Long Term Debt to Equity of Thor Industries with missing and latest data points interpolated. Thor Industries' Long Term Debt to Equity historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Thor Industries' overall financial position and show how it may be relating to other accounts over time.
Long Term Debt to Equity10 Years Trend
Up
Slightly volatile
   Long Term Debt to Equity   
       Timeline  

Thor Industries Long Term Debt to Equity Regression Statistics

Arithmetic Mean0.45
Geometric Mean0.38
Coefficient Of Variation55.16
Mean Deviation0.19
Median0.44
Standard Deviation0.25
Sample Variance0.06
Range0.81
R-Value0.46
Mean Square Error0.05
R-Squared0.21
Significance0.1
Slope0.026886
Total Sum of Squares0.78

Thor Industries Long Term Debt to Equity History

2022 0.44
2021 0.49
2020 0.55
2019 0.71
2017 0.9
2016 0.092

About Thor Industries Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Thor Industries income statement, its balance sheet, and the statement of cash flows. Thor Industries investors use historical funamental indicators, such as Thor Industries's Long Term Debt to Equity, to determine how well the company is positioned to perform in the future. Although Thor Industries investors may use each financial statement separately, they are all related. The changes in Thor Industries's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Thor Industries's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Thor Industries Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Thor Industries. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2023
Long Term Debt to Equity 0.44  0.44 
Average Equity3.8 B4.1 B

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Check out the analysis of Thor Industries Correlation against competitors. To learn how to invest in Thor Industries 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 Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.

Complementary Tools for Thor Industries Stock analysis

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 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 Industries 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
(0.90) 
Dividend Share
1.76
Earnings Share
14.35
Revenue Per Share
257.563
Quarterly Revenue Growth
(0.39) 
The market value of Thor Industries is measured differently than its book value, which is the value of Thor Industries 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 Thor Industries value 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.