Toromont Industries Ltd. (TIH) - Net Assets

Latest as of June 2025: CA$3.01 Billion CAD ≈ $2.18 Billion USD

Based on the latest financial reports, Toromont Industries Ltd. (TIH) has net assets worth CA$3.01 Billion CAD (≈ $2.18 Billion USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$5.22 Billion ≈ $3.78 Billion USD) and total liabilities (CA$2.21 Billion ≈ $1.60 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Toromont Industries Ltd. liquidity resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric Value
Current Net Assets CA$3.01 Billion
% of Total Assets 57.62%
Annual Growth Rate 14.15%
5-Year Change 73.98%
10-Year Change 281.2%
Growth Volatility 18.58

Toromont Industries Ltd. - Net Assets Trend (1993–2024)

This chart illustrates how Toromont Industries Ltd.'s net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Toromont Industries Ltd. for the complete picture of this company's asset base.

Annual Net Assets for Toromont Industries Ltd. (1993–2024)

The table below shows the annual net assets of Toromont Industries Ltd. from 1993 to 2024. For live valuation and market cap data, see Toromont Industries Ltd. market cap and net worth.

Year Net Assets Change
2024-12-31 CA$2.96 Billion
≈ $2.14 Billion		 +10.12%
2023-12-31 CA$2.68 Billion
≈ $1.94 Billion		 +15.42%
2022-12-31 CA$2.33 Billion
≈ $1.68 Billion		 +19.05%
2021-12-31 CA$1.95 Billion
≈ $1.41 Billion		 +14.99%
2020-12-31 CA$1.70 Billion
≈ $1.23 Billion		 +10.74%
2019-12-31 CA$1.53 Billion
≈ $1.11 Billion		 +15.53%
2018-12-31 CA$1.33 Billion
≈ $960.42 Million		 +18.04%
2017-12-31 CA$1.12 Billion
≈ $813.61 Million		 +27.03%
2016-12-31 CA$885.43 Million
≈ $640.51 Million		 +14.21%
2015-12-31 CA$775.28 Million
≈ $560.83 Million		 +16.05%
2014-12-31 CA$668.08 Million
≈ $483.28 Million		 +15.87%
2013-12-31 CA$576.56 Million
≈ $417.07 Million		 +20.98%
2012-12-31 CA$476.57 Million
≈ $344.75 Million		 +18.00%
2011-12-31 CA$403.86 Million
≈ $292.15 Million		 -66.53%
2010-12-31 CA$1.21 Billion
≈ $872.86 Million		 +41.28%
2009-12-31 CA$854.06 Million
≈ $617.82 Million		 +9.62%
2008-12-31 CA$779.10 Million
≈ $563.59 Million		 +19.00%
2007-12-31 CA$654.73 Million
≈ $473.62 Million		 +15.77%
2006-12-31 CA$565.56 Million
≈ $409.11 Million		 +17.38%
2005-12-31 CA$481.81 Million
≈ $348.54 Million		 +15.86%
2004-12-31 CA$415.86 Million
≈ $300.82 Million		 +10.35%
2003-12-31 CA$376.84 Million
≈ $272.60 Million		 +12.38%
2002-12-31 CA$335.32 Million
≈ $242.56 Million		 +6.70%
2001-12-31 CA$314.25 Million
≈ $227.32 Million		 +44.01%
2000-12-31 CA$218.21 Million
≈ $157.85 Million		 +7.44%
1999-12-31 CA$203.10 Million
≈ $146.92 Million		 +10.62%
1998-12-31 CA$183.60 Million
≈ $132.81 Million		 +17.84%
1997-12-31 CA$155.80 Million
≈ $112.70 Million		 +55.33%
1996-12-31 CA$100.30 Million
≈ $72.56 Million		 +25.85%
1995-12-31 CA$79.70 Million
≈ $57.65 Million		 +23.57%
1994-12-31 CA$64.50 Million
≈ $46.66 Million		 +31.90%
1993-12-31 CA$48.90 Million
≈ $35.37 Million		 --

Equity Component Analysis

This analysis shows how different components contribute to Toromont Industries Ltd.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have grown by 9213.6% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CA$2.31 Billion 78.15%
Common Stock CA$597.98 Million 20.23%
Other Components CA$47.63 Million 1.61%
Total Equity CA$2.96 Billion 100.00%

Toromont Industries Ltd. Competitors by Market Cap

The table below lists competitors of Toromont Industries Ltd. ranked by their market capitalization.

Company Market Cap
ASR Nederland NV
AS:ASRNL
 $12.80 Billion
Insurance Australia Group Ltd
AU:IAG
 $12.82 Billion
Masco Corporation
NYSE:MAS
 $12.82 Billion
QXO, Inc.
NASDAQ:QXO
 $12.83 Billion
Solstice Advanced Materials, Inc
NASDAQ:SOLS
 $12.79 Billion
Fox Corp Class B
NASDAQ:FOX
 $12.79 Billion
Sinopac Financial Holdings Co Ltd
TW:2890
 $12.79 Billion
VERBUND AG
VI:VER
 $12.77 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Toromont Industries Ltd.'s equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 2,683,852,000 to 2,955,393,000, a change of 271,541,000 (10.1%).
  • Net income of 506,516,000 contributed positively to equity growth.
  • Dividend payments of 153,560,000 reduced retained earnings.
  • Share repurchases of 140,150,000 reduced equity.
  • Other comprehensive income increased equity by 6,209,000.
  • Other factors increased equity by 52,526,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CA$506.52 Million +17.14%
Dividends Paid CA$153.56 Million -5.2%
Share Repurchases CA$140.15 Million -4.74%
Other Comprehensive Income CA$6.21 Million +0.21%
Other Changes CA$52.53 Million +1.78%
Total Change CA$- 10.12%

Book Value vs Market Value Analysis

This analysis compares Toromont Industries Ltd.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 5.98x
  • The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
  • The price-to-book ratio has decreased from 231.16x to 5.98x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1993-12-31 CA$0.94 CA$217.38 x
1994-12-31 CA$1.12 CA$217.38 x
1995-12-31 CA$1.33 CA$217.38 x
1996-12-31 CA$1.65 CA$217.38 x
1997-12-31 CA$2.51 CA$217.38 x
1998-12-31 CA$2.98 CA$217.38 x
1999-12-31 CA$3.32 CA$217.38 x
2000-12-31 CA$3.77 CA$217.38 x
2001-12-31 CA$5.07 CA$217.38 x
2002-12-31 CA$5.19 CA$217.38 x
2003-12-31 CA$5.84 CA$217.38 x
2004-12-31 CA$6.43 CA$217.38 x
2005-12-31 CA$7.48 CA$217.38 x
2006-12-31 CA$8.74 CA$217.38 x
2007-12-31 CA$10.06 CA$217.38 x
2008-12-31 CA$11.91 CA$217.38 x
2009-12-31 CA$13.17 CA$217.38 x
2010-12-31 CA$15.79 CA$217.38 x
2011-12-31 CA$5.22 CA$217.38 x
2012-12-31 CA$6.18 CA$217.38 x
2013-12-31 CA$7.47 CA$217.38 x
2014-12-31 CA$8.60 CA$217.38 x
2015-12-31 CA$9.90 CA$217.38 x
2016-12-31 CA$11.25 CA$217.38 x
2017-12-31 CA$14.08 CA$217.38 x
2018-12-31 CA$16.20 CA$217.38 x
2019-12-31 CA$18.69 CA$217.38 x
2020-12-31 CA$20.56 CA$217.38 x
2021-12-31 CA$23.46 CA$217.38 x
2022-12-31 CA$28.02 CA$217.38 x
2023-12-31 CA$32.38 CA$217.38 x
2024-12-31 CA$36.35 CA$217.38 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Toromont Industries Ltd. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 17.14%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 10.09%
  • • Asset Turnover: 1.03x
  • • Equity Multiplier: 1.65x
  • Recent ROE (17.14%) is below the historical average (19.93%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1993 15.95% 2.79% 1.90x 3.00x CA$2.91 Million
1994 26.82% 4.15% 1.97x 3.28x CA$10.85 Million
1995 24.47% 3.93% 1.92x 3.25x CA$11.53 Million
1996 21.83% 4.04% 1.70x 3.17x CA$11.87 Million
1997 39.02% 8.88% 1.58x 2.79x CA$45.22 Million
1998 20.81% 5.59% 1.54x 2.41x CA$19.84 Million
1999 15.81% 4.43% 1.37x 2.60x CA$11.79 Million
2000 14.82% 4.04% 1.30x 2.81x CA$10.52 Million
2001 13.91% 4.80% 1.26x 2.29x CA$12.28 Million
2002 12.34% 3.84% 1.40x 2.30x CA$7.84 Million
2003 15.98% 4.64% 1.52x 2.27x CA$22.55 Million
2004 16.96% 4.74% 1.57x 2.27x CA$28.93 Million
2005 16.39% 4.94% 1.40x 2.37x CA$30.78 Million
2006 17.58% 5.63% 1.36x 2.30x CA$42.87 Million
2007 18.68% 6.43% 1.40x 2.07x CA$56.81 Million
2008 18.04% 6.62% 1.38x 1.97x CA$62.61 Million
2009 14.11% 6.61% 1.34x 1.60x CA$35.11 Million
2010 8.14% 4.21% 1.03x 1.88x CA$-22.38 Million
2011 61.18% 17.88% 1.51x 2.26x CA$206.70 Million
2012 25.30% 8.00% 1.61x 1.96x CA$72.90 Million
2013 21.34% 7.72% 1.55x 1.79x CA$65.38 Million
2014 19.94% 8.02% 1.50x 1.66x CA$66.39 Million
2015 18.79% 8.08% 1.41x 1.65x CA$68.14 Million
2016 17.59% 8.34% 1.32x 1.59x CA$67.20 Million
2017 15.65% 7.49% 0.82x 2.54x CA$63.50 Million
2018 18.98% 7.19% 1.08x 2.44x CA$119.22 Million
2019 18.70% 7.80% 1.09x 2.20x CA$133.41 Million
2020 15.01% 7.33% 1.04x 1.97x CA$85.05 Million
2021 17.03% 8.56% 1.08x 1.83x CA$137.38 Million
2022 19.53% 10.74% 1.01x 1.80x CA$221.66 Million
2023 19.92% 11.57% 1.01x 1.70x CA$266.33 Million
2024 17.14% 10.09% 1.03x 1.65x CA$210.98 Million

Industry Comparison

This section compares Toromont Industries Ltd.'s net assets metrics with peer companies in the Industrial Distribution industry.

Industry Context

  • Industry: Industrial Distribution
  • Average net assets among peers: $626,007,400
  • Average return on equity (ROE) among peers: 13.93%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Toromont Industries Ltd. (TIH) CA$3.01 Billion 15.95% 0.74x $12.80 Billion
Doman Building Materials Group Ltd (DBM) $123.52 Million -0.55% 0.92x $650.38 Million
Finning International Inc. (FTT) $1.34 Billion 19.28% 2.04x $9.41 Billion
Russel Metals Inc. (RUS) $1.25 Billion 34.62% 0.85x $2.10 Billion
Taiga Building Products Ltd. (TBL) $-82.97 Million 0.00% 0.00x $288.92 Million
Wajax Corporation (WJX) $496.24 Million 16.32% 1.97x $539.71 Million

About Toromont Industries Ltd.

TO:TIH Canada Industrial Distribution
Market Cap
$12.80 Billion
CA$17.69 Billion CAD
Market Cap Rank
#1837 Global
#65 in Canada
Share Price
CA$217.38
Change (1 day)
+2.92%
52-Week Range
CA$108.77 - CA$217.38
All Time High
CA$217.38
Categories
Companies in Canada Industrial Distribution
About

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, commercia… Read more