Thermon Group Holdings, Inc. (THR) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 |
|---|
| Total Current Assets | 341.2M | 320.62M | 288.85M | 272.87M | 274.29M | 280.23M | 275.02M | 266.35M | 274.6M | 309.73M | 269.88M | 255.58M | 250.94M | 253.21M | 257.95M | 247.57M | 244.44M | 232.81M | 221.43M | 214.52M |
| Cash & Short-Term Investments | 52.27M | 46.86M | 29.75M | 36.53M | 39.54M | 38.74M | 37M | 49.08M | 48.63M | 55.4M | 30.53M | 33.17M | 35.63M | 35.36M | 31.87M | 40.03M | 41.45M | 32.57M | 38.24M | 41.05M |
| Cash Only | 52.27M | 46.86M | 29.75M | 36.53M | 39.54M | 38.74M | 37M | 49.08M | 48.63M | 55.4M | 30.53M | 33.17M | 35.63M | 35.36M | 31.87M | 40.03M | 41.45M | 32.57M | 38.24M | 41.05M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 152.2M | 136.99M | 127.48M | 117.32M | 129.25M | 131.14M | 110.96M | 115.96M | 125.64M | 141.67M | 129.93M | 114.04M | 117.04M | 110.45M | 115.88M | 108.91M | 119.56M | 118.61M | 106.1M | 99.75M |
| Days Sales Outstanding | 87.73 | 82.58 | 85.49 | 103.02 | 87.39 | 82.89 | 91.05 | 95.48 | 95.28 | 91.58 | 90.76 | 98.36 | 83.58 | 85.26 | 102.83 | 108.92 | 104.47 | 102.74 | 116.44 | 123.97 |
| Inventory | 118.15M | 116.99M | 110.98M | 104.92M | 88.98M | 92.31M | 93.6M | 89.92M | 86.32M | 96.3M | 92.55M | 92.89M | 82.13M | 91.42M | 95.01M | 86.23M | 71.65M | 69.63M | 65.62M | 64.39M |
| Days Inventory Outstanding | 127.41 | 133.31 | 140.58 | 144.98 | 109.29 | 118.39 | 132.45 | 123.95 | 110.4 | 109.94 | 123.27 | 133.66 | 110.06 | 119.67 | 152.61 | 123.39 | 103.43 | 103.93 | 120.57 | 130.72 |
| Other Current Assets | 18.57M | 19.79M | 20.64M | 14.09M | 16.53M | 18.03M | 33.46M | 11.38M | 14.01M | 16.36M | 2.37M | 15.47M | 16.14M | 15.98M | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 489.37M | 496.08M | 489.33M | 492.48M | 481.16M | 483.16M | 486.51M | 490.6M | 493.14M | 495.36M | 393.84M | 401.54M | 398.69M | 396.89M | 396.33M | 414.36M | 392.23M | 393.66M | 397.48M | 410.3M |
| Property, Plant & Equipment | 94.52M | 95.11M | 86.92M | 86.15M | 84.02M | 82.98M | 79.22M | 82.84M | 81.95M | 82.41M | 77.11M | 77.63M | 76.86M | 71.42M | 72.45M | 75.48M | 76.57M | 77.23M | 79.75M | 83.22M |
| Fixed Asset Turnover | 1.56x | 1.62x | 1.52x | 1.28x | 1.61x | 1.66x | 1.41x | 1.40x | 1.55x | 1.71x | 1.60x | 1.38x | 1.65x | 1.70x | 1.36x | 1.26x | 1.33x | 1.28x | 1.00x | 0.84x |
| Goodwill | 269.04M | 271.39M | 269.81M | 271.79M | 264.33M | 263.55M | 269.51M | 269.42M | 270.79M | 268.54M | 218.86M | 221.91M | 219.61M | 221.19M | 218.31M | 226.5M | 212.75M | 211.39M | 211.22M | 215.07M |
| Intangible Assets | 103.66M | 107.37M | 110.45M | 114.62M | 115.28M | 118.12M | 120.73M | 123.16M | 127.09M | 133.25M | 88.02M | 92.64M | 93.97M | 96.16M | 97.2M | 103.47M | 94.91M | 96.4M | 98.46M | 102.67M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 35K | 0 | 26K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 21.03M | 20.52M | 20.87M | 19.04M | 16.64M | 16.29M | 15.29M | 13.83M | 12.24M | 10.09M | 9.11M | 8.68M | 7.53M | 7.34M | 7.56M | 7.74M | 6.79M | 7.55M | 6.93M | 6.73M |
| Total Assets | 830.58M | 816.7M | 778.18M | 765.34M | 755.45M | 763.39M | 761.53M | 756.94M | 767.74M | 805.09M | 663.72M | 657.13M | 649.63M | 650.1M | 654.28M | 661.93M | 636.67M | 626.47M | 618.91M | 624.83M |
| Asset Turnover | 0.18x | 0.18x | 0.17x | 0.14x | 0.18x | 0.18x | 0.15x | 0.15x | 0.16x | 0.19x | 0.19x | 0.16x | 0.19x | 0.19x | 0.15x | 0.15x | 0.16x | 0.16x | 0.13x | 0.11x |
| Asset Growth % | 9.94% | 6.98% | 2.19% | 1.11% | -1.6% | -5.18% | 14.74% | 15.19% | 18.18% | 23.84% | 1.44% | -0.73% | 2.04% | 3.77% | 5.71% | 5.94% | 3.04% | -2.47% | -1.3% | 0.79% |
| Total Current Liabilities | 126.84M | 110.6M | 102.46M | 112.5M | 112.66M | 109.68M | 98.27M | 102.23M | 109.27M | 139.74M | 117.93M | 110.05M | 110.07M | 109.81M | 120.98M | 112.68M | 81M | 74.85M | 67.69M | 53.42M |
| Accounts Payable | 41.11M | 38.89M | 41.33M | 33.31M | 31.18M | 29.7M | 30.42M | 30.58M | 31.4M | 26.61M | 34.6M | 28.32M | 27.33M | 30M | 41.1M | 38.07M | 33.57M | 34.8M | 30.99M | 22.48M |
| Days Payables Outstanding | 43.35 | 46.91 | 48.6 | 48.23 | 36.7 | 38.29 | 44.03 | 43.59 | 35.07 | 35.64 | 41.82 | 42.49 | 36.36 | 45.64 | 66.66 | 55.99 | 50.05 | 50.55 | 49.59 | 43.04 |
| Short-Term Debt | 12.51M | 11.69M | 6.25M | 23M | 18M | 18M | 21.88M | 20.75M | 19.63M | 48.45M | 37.73M | 32.81M | 24.72M | 34.72M | 38.32M | 37.7M | 7.93M | 7M | 5.24M | 2.5M |
| Deferred Revenue (Current) | 0 | 0 | 16.86M | 19.33M | 19.6M | 20.57M | 13.4M | 15.28M | 20.53M | 15.5M | 7.34M | 8.57M | 8.48M | 9.85M | 12.26M | 10.94M | 8.41M | 7.21M | 4.73M | 4.59M |
| Other Current Liabilities | 69.25M | 53.68M | 13.69M | 19.1M | 23.38M | 3.2M | 15.66M | 17.11M | 18.3M | 20.58M | 5.24M | 13.15M | 13.45M | 18.46M | 10.55M | 12.68M | 4.77M | 13.53M | 11.02M | 10.99M |
| Current Ratio | 2.69x | 2.90x | 2.82x | 2.43x | 2.43x | 2.56x | 2.80x | 2.61x | 2.51x | 2.22x | 2.29x | 2.32x | 2.28x | 2.31x | 2.13x | 2.20x | 3.02x | 3.11x | 3.27x | 4.02x |
| Quick Ratio | 1.76x | 1.84x | 1.74x | 1.49x | 1.64x | 1.71x | 1.85x | 1.73x | 1.72x | 1.53x | 1.50x | 1.48x | 1.53x | 1.47x | 1.35x | 1.43x | 2.13x | 2.18x | 2.30x | 2.81x |
| Cash Conversion Cycle | 171.79 | 168.99 | 177.47 | 199.78 | 159.98 | 163 | 179.47 | 175.85 | 170.61 | 165.88 | 172.2 | 189.53 | 157.28 | 159.29 | 188.78 | 176.32 | 157.85 | 156.11 | 187.42 | 211.65 |
| Total Non-Current Liabilities | 165.03M | 167.4M | 160.5M | 143.53M | 147.47M | 165.03M | 172.98M | 178.74M | 183.58M | 197.92M | 103.49M | 113.12M | 120.57M | 128.78M | 137.54M | 148M | 156.47M | 163.06M | 173.7M | 186.51M |
| Long-Term Debt | 133.26M | 148.49M | 132.79M | 115.96M | 120.37M | 134.77M | 143.17M | 147.57M | 151.96M | 163.95M | 72.6M | 80.36M | 87.71M | 97.57M | 104.68M | 112.55M | 120.43M | 125.09M | 133.84M | 142.6M |
| Capital Lease Obligations | 12.1M | 12.97M | 8.76M | 8.79M | 9.3M | 10.55M | 10.86M | 12.46M | 12.63M | 13.37M | 11.39M | 12.01M | 12.48M | 9.64M | 9.77M | 9.83M | 9.66M | 10.31M | 11.05M | 11.77M |
| Deferred Tax Liabilities | 10.86M | 9.29M | 9.58M | 9.91M | 9.76M | 9.58M | 8.73M | 8.95M | 9.44M | 10.84M | 10.44M | 11.49M | 12.08M | 12.53M | 14.57M | 16.79M | 17.94M | 18.53M | 19.4M | 21.88M |
| Other Non-Current Liabilities | 8.81M | -3.36M | 9.37M | 8.87M | 8.05M | 10.13M | 10.23M | 9.76M | 9.55M | 9.77M | 9.06M | 9.26M | 8.3M | 9.03M | 8.52M | 8.82M | 8.43M | 9.12M | 9.4M | 10.26M |
| Total Liabilities | 291.87M | 278M | 262.95M | 256.03M | 260.14M | 274.71M | 271.25M | 280.96M | 292.85M | 337.66M | 221.42M | 223.18M | 230.64M | 238.59M | 258.52M | 260.68M | 237.47M | 237.91M | 241.39M | 239.94M |
| Total Debt | 157.87M | 173.15M | 151.62M | 151.45M | 151.69M | 166.9M | 179.22M | 184.05M | 187.49M | 229.2M | 125.1M | 128.58M | 128.28M | 145.44M | 156.13M | 163.75M | 141.64M | 145.74M | 153.55M | 160.53M |
| Net Debt | 105.6M | 126.3M | 121.87M | 114.92M | 112.15M | 128.15M | 142.22M | 134.97M | 138.86M | 173.8M | 94.57M | 95.41M | 92.64M | 110.08M | 124.27M | 123.71M | 100.2M | 113.18M | 115.31M | 119.48M |
| Debt / Equity | 0.29x | 0.32x | 0.29x | 0.30x | 0.31x | 0.34x | 0.37x | 0.39x | 0.39x | 0.49x | 0.28x | 0.30x | 0.31x | 0.35x | 0.39x | 0.41x | 0.35x | 0.38x | 0.41x | 0.42x |
| Debt / EBITDA | 14.64x | 5.35x | 5.54x | 8.71x | 5.28x | 5.01x | 8.63x | 9.54x | 8.30x | 8.91x | 4.80x | 6.48x | 6.92x | 7.75x | 7.44x | 10.16x | 7.92x | 6.89x | 13.58x | 19.40x |
| Net Debt / EBITDA | 9.80x | 3.90x | 4.45x | 6.61x | 3.91x | 3.85x | 6.85x | 6.99x | 6.15x | 6.76x | 3.63x | 4.81x | 4.99x | 5.87x | 5.92x | 7.68x | 5.60x | 5.35x | 10.19x | 14.44x |
| Interest Coverage | 5.82x | 12.39x | 10.90x | 6.61x | 10.79x | 10.87x | 5.65x | 4.87x | 4.81x | 12.60x | 11.13x | 9.95x | 8.21x | 7.84x | 11.15x | 12.33x | 15.75x | 18.46x | 1.62x | 1.41x |
| Total Equity | 538.71M | 538.7M | 515.23M | 509.31M | 495.31M | 488.69M | 490.29M | 475.98M | 474.89M | 467.43M | 442.31M | 433.95M | 418.99M | 411.5M | 395.76M | 401.25M | 399.2M | 388.56M | 377.52M | 384.89M |
| Equity Growth % | 8.76% | 10.23% | 5.09% | 7% | 4.3% | 4.55% | 10.85% | 9.69% | 13.34% | 13.59% | 11.76% | 8.15% | 4.96% | 5.9% | 4.83% | 4.25% | 5.37% | 2.37% | 5.28% | 9.82% |
| Book Value per Share | 16.22 | 16.33 | 15.50 | 15.29 | 14.54 | 14.33 | 14.36 | 13.97 | 13.87 | 13.67 | 12.96 | 12.81 | 12.33 | 12.15 | 11.72 | 11.95 | 11.84 | 11.54 | 11.24 | 11.57 |
| Total Shareholders' Equity | 538.71M | 538.7M | 515.23M | 509.31M | 495.31M | 488.69M | 490.29M | 475.98M | 474.89M | 467.43M | 442.31M | 433.95M | 418.99M | 411.5M | 395.76M | 401.25M | 399.2M | 388.56M | 377.52M | 384.89M |
| Common Stock | 33K | 33K | 33K | 33K | 33K | 34K | 34K | 34K | 34K | 34K | 34K | 33K | 33K | 33K | 33K | 33K | 33K | 33K | 33K | 33K |
| Retained Earnings | 386.87M | 384.12M | 365.83M | 350.88M | 342.3M | 325.33M | 306.79M | 297.29M | 288.78M | 278.7M | 262.86M | 248.13M | 237.19M | 229.5M | 221.07M | 210.09M | 203.53M | 194.84M | 183.57M | 184.59M |
| Treasury Stock | -36.16M | -36.16M | -36.16M | -30.16M | -20.39M | -6.44M | -4.09M | -1.83M | -250K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -62.82M | -57.37M | -60.76M | -55.8M | -72.83M | -75.45M | -55.56M | -61.15M | -57.23M | -53.42M | -61.42M | -53.63M | -58.1M | -56.42M | -61.75M | -44.06M | -38.91M | -39.87M | -39.36M | -31.79M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |