THR (Thermon Group Holdings) Total Current Assets : $275.0 Mil (As of Sep. 2024)

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What is Thermon Group Holdings Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Thermon Group Holdings's total current assets for the quarter that ended in Sep. 2024 was $275.0 Mil.

Thermon Group Holdings Total Current Assets Historical Data

The historical data trend for Thermon Group Holdings's Total Current Assets 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.

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Thermon Group Holdings Total Current Assets Chart

Thermon Group Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Total Current Assets

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217.94

206.81

244.44

250.94

274.60

Thermon Group Holdings Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Current Assets	Get a 7-Day Free Trial															269.88	309.73	274.60	266.35	275.02

Thermon Group Holdings Total Current Assets Calculation

Total Current Assets are the asset that can be converted to cash or used to pay current liabilities within 12 months.

Thermon Group Holdings's Total Current Assets for the fiscal year that ended in Mar. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	48.631	+	125.638	+	86.321	+	14.01
	=	274.6

Thermon Group Holdings's Total Current Assets for the quarter that ended in Sep. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	37	+	110.96	+	93.596	+	33.463
	=	275.0

Total Current Assets is linked to the Current Ratio, which is the result of dividing total current assets by total current liabilities. It is frequently used as an indicator of a company's liquidity, its ability to meet short-term obligations.

Total Current Assets is also linked to Working Capital, Net working capital is calculated as Total Current Assets minus Total Current Liabilities.

Thermon Group Holdings (NYSE:THR) Total Current Assets Explanation

In Ben Graham's calculation of liquidation value, inventory is only considered worth half of its book value, and accounts receivable is considered worth 75% of its value. Therefore the liquidation value is lower than calculated from total current assets.

Thermon Group Holdings's Liquidation Value for the quarter that ended in Sep. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	37	-	271.245	+	0.75 * 93.504	+	0.5 * 93.596
=	-117.3

Thermon Group Holdings Total Current Assets Related Terms

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Thermon Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Thermon Group Holdings Inc (NYSE:THR) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

8TG:Germany

Address

7171 Southwest Parkway, Building 300, Suite 200, Austin, TX, USA, 78735

Website

https://www.thermon.com

Thermon Group Holdings Inc is a United States-based company that provides engineered thermal solutions for process industries. The company's product portfolio comprises electric heat tracing cables, steam tracing components, tubing bundles, and instrument and control products, as well as complementary product lines. It also provides turnkey services and design and engineering services. The company's customers include large engineering, procurement, and construction companies; oil and gas companies; commercial subcontractors; electrical component distributors; and others. The company has a presence, in the United States and Latin America (US-LAM), Canada, Europe, Middle East and Africa (EMEA), and Asia-Pacific.

Executives

Kuahara Roberto	officer: SVP, Operations	7171 SOUTHWEST PKWY, BLD. 300, STE. 200, AUSTIN TX 78735
Kevin J Mcginty	director	6688 N CENTRAL EXPRESSWAY, SUITE 1170, DALLAS TX 75206
Mark John Roberts	officer: SVP, Global Engineering	7171 SOUTHWEST PARKWAY, BUILDING 300, SUITE 200, AUSTIN TX 78735
Nesser John T Iii	director	777 N ELDRIDGE PARKWAY, HOUSTON TX 77079
Kevin Fox	officer: VP - Corporate Development	7171 SOUTHWEST PKWY, BLD. 300 STE. 200, AUSTIN TX 78735
Roger L Fix	director
Bruce Thames	officer: Executive VP and COO	100 THERMON DRIVE, SAN MARCOS TX 78666
John U Clarke	director	PENN VIRGINIA CORPORATION, FOUR RADNOR CORPORATE CENTER, STE 200, RADNOR PA 19087
Candace Harris-peterson	officer: VP, Human Resources	7171 SOUTHWEST PARKWAY, BUILDING 300, SUITE 200, AUSTIN TX 78735
Angela Strzelecki	director	INTERNATIONAL FLAVORS & FRAGRANCES INC., 521 WEST 57TH STREET, NEW YORK NY 10019
Van Der Salm Johannes Rene	officer: SVP-Global Operations	100 THERMON DRIVE, SAN MARCOS TX 78666
Michael W Press	director	P O BOX 327, GATES MILLS OH 44040
James Pribble	officer: SVP, Thermon Heating Systems	7171 SOUTHWEST PARKWAY, BUILDING 300, SUITE 200, AUSTIN TX 78735
Tarkington Ryan	officer: General Counsel & Corp. Sec.	7171 SOUTHWEST PARKWAY, BUILDING 300, SUITE 200, AUSTIN TX 78735
David Buntin	officer: SVP, Thermon Heat Tracing	7171 SOUTHWEST PARKWAY, BUILDING 300, SUITE 200, AUSTIN TX 78735