Thermon Group Holdings Inc
Thermon Group Holdings, Inc. provides engineered industrial process heating solutions for process industries in the United States and Latin America, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. The company offers heat tracing solutions, including software automated engineering design services, heat tracing products, smart connected control and monitoring systems, construction se… Read more
Thermon Group Holdings Inc (THR) - Total Assets
Latest total assets as of December 2025: $816.70 Million USD
Based on the latest financial reports, Thermon Group Holdings Inc (THR) holds total assets worth $816.70 Million USD as of December 2025.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Thermon Group Holdings Inc - Total Assets Trend (2009–2025)
This chart illustrates how Thermon Group Holdings Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Thermon Group Holdings Inc - Asset Composition Analysis
Current Asset Composition (March 2025)
Thermon Group Holdings Inc's total assets of $816.70 Million consist of 36.3% current assets and 63.7% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $39.54 Million | 5.2% |
| Accounts Receivable | $129.25 Million | 17.1% |
| Inventory | $88.98 Million | 11.8% |
| Property, Plant & Equipment | $84.02 Million | 11.1% |
| Intangible Assets | $115.28 Million | 15.3% |
| Goodwill | $264.33 Million | 35.0% |
Asset Composition Trend (2009–2025)
This chart illustrates how Thermon Group Holdings Inc's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Thermon Group Holdings Inc's current assets represent 36.3% of total assets in 2025, a decrease from 44.0% in 2009.
- Cash Position: Cash and equivalents constituted 5.2% of total assets in 2025, down from 6.9% in 2009.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 49.0% of total assets, an increase from 42.0% in 2009.
- Asset Diversification: The largest asset category is goodwill at 35.0% of total assets.
Thermon Group Holdings Inc Competitors by Total Assets
Key competitors of Thermon Group Holdings Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Asia Pptys Inc
PINK:ASPZ
|
USA | $165.80 Million |
|
Hanil Vacuum Co. Ltd
KQ:123840
|
Korea | ₩115.98 Billion |
|
Jiangsu Tongda Power Technology Co Ltd
SHE:002576
|
China | CN¥2.14 Billion |
|
Huayi Compressor Co Ltd
SHE:000404
|
China | CN¥15.16 Billion |
|
Shenyang Machine Tool Co Ltd
SHE:000410
|
China | CN¥9.63 Billion |
|
North Industries Group Red Arrow Co Ltd
SHE:000519
|
China | CN¥17.38 Billion |
|
Bingshan Refrigeration & Heat Transfer Technologies Co Ltd
SHE:000530
|
China | CN¥7.57 Billion |
|
Changchai Co Ltd
SHE:000570
|
China | CN¥5.30 Billion |
Thermon Group Holdings Inc - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Moderate asset utilization - Thermon Group Holdings Inc generates 0.66x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Solid ROA - For every $100 in assets, Thermon Group Holdings Inc generates $7.08 in net profit.
Thermon Group Holdings Inc - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 2.90 | 2.56 | 3.92 |
| Quick Ratio | 1.84 | 1.71 | 2.71 |
| Cash Ratio | 0.42 | 0.35 | 0.00 |
| Working Capital | $210.01 Million | $ 170.55 Million | $ 154.01 Million |
Thermon Group Holdings Inc - Advanced Valuation Insights
This section examines the relationship between Thermon Group Holdings Inc's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 3.12 |
| Latest Market Cap to Assets Ratio | 2.02 |
| Asset Growth Rate (YoY) | -1.6% |
| Total Assets | $755.45 Million |
| Market Capitalization | $1.52 Billion USD |
Valuation Analysis
Premium Asset Valuation: The market values Thermon Group Holdings Inc's assets at a significant premium ( 2.02x), suggesting investors see substantial growth potential or unique competitive advantages.
Slight Asset Contraction: Thermon Group Holdings Inc's assets decreased by 1.6% over the past year, which may reflect streamlining or optimization of resources.
Annual Total Assets for Thermon Group Holdings Inc (2009–2025)
The table below shows the annual total assets of Thermon Group Holdings Inc from 2009 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-03-31 | $755.45 Million | -1.60% |
| 2024-03-31 | $767.74 Million | +18.18% |
| 2023-03-31 | $649.63 Million | +2.04% |
| 2022-03-31 | $636.67 Million | +3.04% |
| 2021-03-31 | $617.88 Million | -0.49% |
| 2020-03-31 | $620.90 Million | -5.32% |
| 2019-03-31 | $655.76 Million | -1.01% |
| 2018-03-31 | $662.48 Million | +45.89% |
| 2017-03-31 | $454.08 Million | +14.50% |
| 2016-03-31 | $396.59 Million | -12.66% |
| 2015-03-31 | $454.09 Million | +2.63% |
| 2014-03-31 | $442.46 Million | +1.63% |
| 2013-03-31 | $435.36 Million | +2.30% |
| 2012-03-31 | $425.58 Million | -5.59% |
| 2011-03-31 | $450.78 Million | +103.87% |
| 2010-03-31 | $221.12 Million | +14.13% |
| 2009-03-31 | $193.74 Million | -- |