Thermon Group Holdings, Inc.

Thermon Group Holdings, Inc.verified

THR

Price:

$28.995

Market Cap:

$980.10M

Thermon Group Holdings, Inc. provides engineered industrial process heating solutions for process industries worldwide. Its products include electric heating products, such as air heaters and heating accessories, boilers and calorifiers, controlling and monitoring solutions, heat tracing systems, tank heating systems, thermostats, tubing bundles, and system accessories, as well as strip, tubular, immersion, and process heaters; and gas heating products, including enclosure and explosion proof gas catalytic heaters, gas fired blowers, and gas heating accessories that comprise regulators, valves, mounting brackets, and battery cables. The company also offers specialty products, which include C...[Read more]

Industry

Industrial - Machinery

IPO Date

2011-05-05

Stock Exchange

NYSE

Ticker

THR

The Current Ratio as of September 2024 (TTM) for Thermon Group Holdings, Inc. (THR) is 2.61

According to Thermon Group Holdings, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 2.61. This represents a change of 8.29% compared to the average of 2.41 of the last 4 quarters.

Thermon Group Holdings, Inc. (THR) Historical Current Ratio (quarterly & annually)

How has THR Current Ratio performed in the past?

The mean historical Current Ratio of Thermon Group Holdings, Inc. over the last ten years is 3.34. The current 2.61 Current Ratio has changed 7.70% with respect to the historical average. Over the past ten years (40 quarters), THR's Current Ratio was at its highest in in the June 2015 quarter at 4.36. The Current Ratio was at its lowest in in the December 2017 quarter at 0.99.

Quarterly (TTM)
Annual

Average

3.34

Median

3.50

Minimum

2.28

Maximum

3.98

Thermon Group Holdings, Inc. (THR) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Thermon Group Holdings, Inc. 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 = 10.23%

Maximum Annual Current Ratio = 3.98

Minimum Annual Increase = -24.46%

Minimum Annual Current Ratio = 2.28

Quarterly (TTM)
Annual
YearCurrent RatioChange
20242.5110.23%
20232.28-24.46%
20223.02-23.50%
20213.949.75%
20203.599.51%
20193.28-6.99%
20183.53-6.83%
20173.799.16%
20163.47-12.82%
20153.98-1.22%

Thermon Group Holdings, Inc. (THR) Average Current Ratio

How has THR Current Ratio performed in the past?

The current Current Ratio of Thermon Group Holdings, Inc. (THR) is greater than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

2.60

5-year avg

3.07

10-year avg

3.34

Thermon Group Holdings, Inc. (THR) Current Ratio vs. Peers

How is THR’s Current Ratio compared to its peers?

Thermon Group Holdings, Inc.’s Current Ratio is less than Hurco Companies, Inc. (4.55), less than Enerpac Tool Group Corp. (2.85), less than EnPro Industries, Inc. (2.72), less than Omega Flex, Inc. (5.69), greater than The Gorman-Rupp Company (2.45), less than Franklin Electric Co., Inc. (2.65), greater than Kadant Inc. (2.25), greater than Luxfer Holdings PLC (2.39), less than IDEX Corporation (3.41), greater than Donaldson Company, Inc. (1.84), greater than ITT Inc. (1.55), greater than Crane Company (2.13), less than Standex International Corporation (3.37), less than Intevac, Inc. (3.87), greater than Graham Corporation (1.07),

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