Thorn Group Limited

Thorn Group Limitedverified

TGA.AX

Price:

$1.165

Market Cap:

$27.15M

Thorn Group Limited operates as a diversified financial services company in Australia. The company provides commercial finance, such as working capital and business asset lending solutions to small and medium size enterprises. It offers debtor finance and asset finance products under the thornmoney brand. Thorn Group Limited was founded in 1937 and is based in Sydney, Australia.[Read more]

Industry

Rental & Leasing Services

IPO Date

2006-12-12

Stock Exchange

ASX

Ticker

TGA.AX

The Current Ratio as of January 2025 (TTM) for Thorn Group Limited (TGA.AX) is 8.28

According to Thorn Group Limited’s latest financial reports and current stock price. The company's current Current Ratio is 8.28. This represents a change of -18.35% compared to the average of 10.14 of the last 4 quarters.

Thorn Group Limited (TGA.AX) Historical Current Ratio (quarterly & annually)

How has TGA.AX Current Ratio performed in the past?

The mean historical Current Ratio of Thorn Group Limited over the last ten years is 2.41. The current 8.28 Current Ratio has changed 34.20% with respect to the historical average. Over the past ten years (40 quarters), TGA.AX's Current Ratio was at its highest in in the June 2022 quarter at 12.00. The Current Ratio was at its lowest in in the June 2017 quarter at 0.99.

Quarterly (TTM)
Annual

Average

2.41

Median

1.76

Minimum

1.31

Maximum

8.28

Thorn Group Limited (TGA.AX) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Thorn Group Limited Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 296.61%

Maximum Annual Current Ratio = 8.28

Minimum Annual Increase = -25.48%

Minimum Annual Current Ratio = 1.31

Quarterly (TTM)
Annual
YearCurrent RatioChange
20238.28296.61%
20222.0932.41%
20211.5820.71%
20201.31-7.15%
20191.41-11.64%
20181.59-25.48%
20172.1411.29%
20161.92-18.29%
20152.3558.56%
20141.48-16.09%

Thorn Group Limited (TGA.AX) Average Current Ratio

How has TGA.AX Current Ratio performed in the past?

The current Current Ratio of Thorn Group Limited (TGA.AX) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

3.98

5-year avg

2.93

10-year avg

2.41

Thorn Group Limited (TGA.AX) Current Ratio vs. Peers

How is TGA.AX’s Current Ratio compared to its peers?

Thorn Group Limited’s Current Ratio is

CompanyCurrent RatioMarket cap

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