Thermon Group Holdings Inc (THR) — Working Capital to Net Assets Ratio
Thermon Group Holdings Inc (THR) has a Working Capital to Net Assets ratio of 39.8% as of March 2026. Working capital of $214.37 Million (current assets of $341.20 Million minus current liabilities of $126.84 Million) is measured against net assets of $538.71 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See Thermon Group Holdings Inc free cash flow to debt ratio to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Thermon Group Holdings Inc Working Capital to Net Assets (2009–2026)
This chart shows how Thermon Group Holdings Inc's Working Capital to Net Assets ratio has evolved across 18 annual periods from 2009 to 2026. As of March 2026, the ratio stands at 39.8%, reflecting working capital of $214.37 Million against net assets of $538.71 Million USD. See Thermon Group Holdings Inc defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Thermon Group Holdings Inc (2009–2026)
The table below presents the year-by-year Working Capital to Net Assets ratio for Thermon Group Holdings Inc from 2009 to 2026, covering 18 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see THR stock market capitalisation.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2026 | 39.8% | $214.37 Million | $538.71 Million | $341.20 Million | $126.84 Million | ▲ +7.2 pp |
| 2025 | 32.6% | $161.63 Million | $495.31 Million | $274.29 Million | $112.66 Million | ▼ -2.2 pp |
| 2024 | 34.8% | $165.33 Million | $474.89 Million | $274.60 Million | $109.27 Million | ▲ +1.2 pp |
| 2023 | 33.6% | $140.87 Million | $418.99 Million | $250.94 Million | $110.07 Million | ▼ -7.3 pp |
| 2022 | 40.9% | $163.44 Million | $399.20 Million | $244.44 Million | $81.00 Million | ▲ +0.3 pp |
| 2021 | 40.6% | $154.01 Million | $378.87 Million | $206.81 Million | $52.80 Million | ▼ -4.8 pp |
| 2020 | 45.4% | $157.30 Million | $346.44 Million | $217.94 Million | $60.63 Million | ▼ -2.4 pp |
| 2019 | 47.8% | $166.72 Million | $348.95 Million | $239.78 Million | $73.05 Million | ▲ +11.7 pp |
| 2018 | 36.1% | $157.79 Million | $437.48 Million | $220.19 Million | $62.40 Million | ▼ -3.0 pp |
| 2017 | 39.0% | $145.85 Million | $373.60 Million | $198.17 Million | $52.32 Million | ▼ -7.9 pp |
| 2016 | 46.9% | $142.18 Million | $302.98 Million | $199.75 Million | $57.57 Million | ▼ -11.3 pp |
| 2015 | 58.3% | $158.35 Million | $271.77 Million | $211.49 Million | $53.14 Million | ▲ +5.4 pp |
| 2014 | 52.9% | $132.40 Million | $250.47 Million | $176.11 Million | $43.71 Million | ▲ +6.1 pp |
| 2013 | 46.8% | $105.75 Million | $226.05 Million | $151.41 Million | $45.66 Million | ▲ +15.0 pp |
| 2012 | 31.8% | $61.15 Million | $192.48 Million | $127.66 Million | $66.52 Million | ▼ -9.8 pp |
| 2011 | 41.5% | $53.22 Million | $128.11 Million | $137.08 Million | $83.86 Million | ▼ -99.0 pp |
| 2010 | 140.5% | $77.40 Million | $55.07 Million | $103.63 Million | $26.23 Million | ▼ -5.4 pp |
| 2009 | 145.9% | $55.75 Million | $38.21 Million | $85.29 Million | $29.53 Million | — |