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Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. Thor Industries's Operating Income for the three months ended in Jan. 2024 was $18 Mil. Thor Industries's Interest Expense for the three months ended in Jan. 2024 was $-28 Mil. Thor Industries's interest coverage for the quarter that ended in Jan. 2024 was 0.65. The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Thor Industries's Interest Coverage or its related term are showing as below:
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
The historical data trend for Thor Industries's Interest Coverage can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
Thor Industries Annual Data | |||||||||||||||||||||
Trend | Jul14 | Jul15 | Jul16 | Jul17 | Jul18 | Jul19 | Jul20 | Jul21 | Jul22 | Jul23 | |||||||||||
Interest Coverage | Get a 7-Day Free Trial | 5.31 | 3.60 | 9.71 | 17.01 | 6.01 |
Thor Industries Quarterly Data | ||||||||||||||||||||
Apr19 | Jul19 | Oct19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | Jan24 | |
Interest Coverage | Get a 7-Day Free Trial | 1.52 | 7.11 | 6.60 | 5.33 | 0.65 |
For the Recreational Vehicles subindustry, Thor Industries's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Vehicles & Parts industry and Consumer Cyclical sector, Thor Industries's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Thor Industries's Interest Coverage falls into.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
If Interest Expense is negative and Operating Income is positive, then
Interest Coverage | = | -1 | * | Operating Income | / | Interest Expense |
Else if Interest Expense is negative and Operating Income is negative, then
The company did not have earnings to cover the interest expense. |
Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then
The company had no debt (1). |
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Thor Industries's Interest Coverage for the fiscal year that ended in Jul. 2023 is calculated as
Here, for the fiscal year that ended in Jul. 2023, Thor Industries's Interest Expense was $-97 Mil. Its Operating Income was $585 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,291 Mil.
Interest Coverage | = | -1 | * | Operating Income (A: Jul. 2023 ) | / | Interest Expense (A: Jul. 2023 ) |
= | -1 | * | 585.491 | / | -97.447 | |
= | 6.01 |
Thor Industries's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as
Here, for the three months ended in Jan. 2024, Thor Industries's Interest Expense was $-28 Mil. Its Operating Income was $18 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,390 Mil.
Interest Coverage | = | -1 | * | Operating Income (Q: Jan. 2024 ) | / | Interest Expense (Q: Jan. 2024 ) |
= | -1 | * | 18.258 | / | -28.229 | |
= | 0.65 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
The higher the ratio, the stronger the company's Financial Strength is.
Thor Industries (NYSE:THO) Interest Coverage Explanation
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
Thank you for viewing the detailed overview of Thor Industries's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
W. Todd Woelfer | officer: Sr. VP, Gen Counsel & Sec. | PO BOX 3300, ELKHART IN 46515 |
Kenneth D Julian | officer: VP of Admin. and HR | 3080 WINDSOR CT., ELKHART IN 46514 |
Peter Busch Orthwein | director, officer: Exec. Chairman of the Board | ONE LAGAYETTE PLACE, GREENWICH CT 06830 |
James L Ziemer | director | C/O HARLEY DAVIDSON, 3700 W. JUNEAU AVE, MILWAUKEE WI 53208 |
Amelia Huntington | director | C/O THOR INDUSTRIES, INC., 601 EAST BEARDSLEY AVE., ELKHART IN 46514-3305 |
Trevor Q. Gasper | officer: VP, General Counsel and Sec. | 601 EAST BEARDSLEY AVE., ELKHART IN 46514 |
Laurel Hurd | director | C/O NEWELL BRANDS INC., 6655 PEACHTREE DUNWOODY ROAD, ATLANTA GA 30328 |
Christina Hennington | director | 1000 NICOLLET MALL, MINNEAPOLIS MN 55403 |
J Allen Kosowsky | director | C/O THOR INDUSTRIES, INC., 419 WEST PIKE STREET, JACKSON CENTER OH 45334-0629 |
Kelley William J. Jr | director | USG CORPORATION, 550 WEST ADAMS STREET, CHICAGO IL 60661 |
Josef Hjelmaker | officer: Chief Innovation Officer | C/O THOR INDUSTRIES, INC., 601 E. BEARDSLEY AVE., ELKHART IN 46514-3305 |
Christopher J Klein | director | 520 LAKE COOK ROAD, DEERFIELD IL 60015 |
Jan Suwinski | director | 9450 SEWARD RD, C/O OHIO CASUALTY GROUP, FAIRFIELD OH 45014 |
Robert W Martin | director, officer: Chief Exec. Officer & Pres. | C/O KEYSTONE RV COMPANY, 2642 HACKBERRY DRIVE, GOSHEN IN 46526 |
Troy James | officer: SVP International Operations | C/O THOR INDUSTRIES, INC., 601 EAST BEARDSLEY AVENUE, ELKHART IN 46514-3305 |
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