Toromont Industries Ltd.

Toromont Industries Ltd.verified

TIH.TO

Price:

$128.3

Market Cap:

$10.51B

Toromont Industries Ltd. provides specialized capital equipment in Canada, the United States, and internationally. It operates in two segments, Equipment Group and CIMCO. The Equipment Group segment engages in the sale, rental, and service of mobile equipment for Caterpillar and other manufacturers; sale, rental, and service of engines used in various applications, including industrial, commercial, marine, on-highway trucks, and power generation; and sale of complementary and related products, parts, and services. This segment serves building, mining, aggregates, public infrastructure, residential construction, power generation, marine, agriculture, forestry, on-highway truck engines, indust...[Read more]

Industry

Industrial - Distribution

IPO Date

1996-08-13

Stock Exchange

TSX

Ticker

TIH.TO

The Current Ratio as of September 2024 (TTM) for Toromont Industries Ltd. (TIH.TO) is 2.64

According to Toromont Industries Ltd.’s latest financial reports and current stock price. The company's current Current Ratio is 2.64. This represents a change of -0.87% compared to the average of 2.66 of the last 4 quarters.

Toromont Industries Ltd. (TIH.TO) Historical Current Ratio (quarterly & annually)

How has TIH.TO Current Ratio performed in the past?

The mean historical Current Ratio of Toromont Industries Ltd. over the last ten years is 2.26. The current 2.64 Current Ratio has changed 11.59% with respect to the historical average. Over the past ten years (40 quarters), TIH.TO's Current Ratio was at its highest in in the March 2023 quarter at 2.73. The Current Ratio was at its lowest in in the September 2018 quarter at 1.55.

Quarterly (TTM)
Annual

Average

2.26

Median

2.39

Minimum

1.58

Maximum

2.73

Toromont Industries Ltd. (TIH.TO) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Toromont Industries Ltd. 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 = 47.70%

Maximum Annual Current Ratio = 2.73

Minimum Annual Increase = -25.17%

Minimum Annual Current Ratio = 1.58

Quarterly (TTM)
Annual
YearCurrent RatioChange
20232.648.45%
20222.43-6.17%
20212.599.92%
20202.3628.57%
20191.8315.96%
20181.58-25.17%
20172.11-22.60%
20162.736.87%
20152.5547.70%
20141.73-20.55%

Toromont Industries Ltd. (TIH.TO) Average Current Ratio

How has TIH.TO Current Ratio performed in the past?

The current Current Ratio of Toromont Industries Ltd. (TIH.TO) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

2.55

5-year avg

2.37

10-year avg

2.26

Toromont Industries Ltd. (TIH.TO) Current Ratio vs. Peers

How is TIH.TO’s Current Ratio compared to its peers?

Toromont Industries Ltd.’s Current Ratio is greater than Finning International Inc. (1.55), greater than Stantec Inc. (1.39), greater than RB Global, Inc. (1.29), greater than CCL Industries Inc. (1.96), greater than Thomson Reuters Corporation (0.88),

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