THOR Industries (THO) Balance Sheet: Assets & Liabilities

THOR Industries (THO) Balance Sheet

As of Jul 31, 2026 (end of fiscal 2026), THOR Industries reported total assets of $6.96B and total liabilities of $2.70B. Shareholders' equity was $4.26B, down 0.7% from $4.29B a year earlier. Total debt stood at $898.53M against $481.99M in cash and short-term investments, a net debt position of $416.54M. That puts debt-to-equity at 0.21, compared with 0.22 a year earlier.

THOR Industries Balance Sheet Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for THOR Industries, Inc. (THO) - Annual data in billions USD
Breakdown	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Jul 2026	Jul 2025	Jul 2024	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017
Current Assets
Cash and Cash Equivalents	0.48	0.59	0.50	0.44	0.31	0.45	0.54	0.45	0.28	0.22
Cash & Short-Term Investments	0.48	0.59	0.50	0.44	0.31	0.45	0.54	0.45	0.28	0.22
Accounts Receivable	0.49	0.71	0.70	0.64	0.85	0.95	0.81	0.72	0.49	0.48
Inventory	1.42	1.35	1.37	1.65	1.75	1.37	0.72	0.83	0.54	0.46
Other Current Assets	0.35	0.13	0.08	0.06	0.05	0.04	0.03	0.07	0.01	0.01
Total Current Assets	2.74	2.78	2.65	2.79	3.06	2.80	2.10	2.04	1.31	1.18
Non-Current Assets
Property, Plant & Equipment (Net)	1.31	1.32	1.39	1.39	1.26	1.19	1.11	1.09	0.52	0.43
Long-Term Investments	0.06	0.14	0.14	0.13	0.01	-0.12	-0.09	0.05	0.05	-0.82
Goodwill	1.92	1.84	1.79	1.80	1.80	1.56	1.48	1.36	0.38	0.38
Intangible Assets	0.68	0.76	0.86	1.00	1.12	0.94	0.91	0.97	0.39	0.44
Other Non-Current Assets	0.24	0.20	0.17	0.15	0.16	0.12	0.09	-0.05	0.00	0.82
Total Non-Current Assets	4.22	4.29	4.37	4.47	4.35	3.85	3.67	3.62	1.47	1.38
Total Assets	6.96	7.07	7.02	7.26	7.41	6.65	5.77	5.66	2.78	2.56
Current Liabilities
Accounts Payable	0.74	0.74	0.63	0.74	0.82	0.92	0.64	0.55	0.29	0.33
Short-Term Debt	0.00	0.00	0.03	0.02	0.02	0.02	0.02	0.02	0.00	0.00
Current Portion of Long-Term Debt	-	0.00	0.03	0.01	0.01	0.01	-	-	-	-
Accrued Liabilities	-	0.55	0.57	0.45	0.45	0.46	-	-	-	-
Deferred Revenue	0.00	0.00	0.00	0.06	0.00	0.84	0.83	0.84	0.00	0.00
Other Current Liabilities	0.67	0.71	0.83	0.86	0.45	0.77	0.78	0.82	0.46	0.40
Total Current Liabilities	1.55	1.58	1.57	1.72	1.76	1.79	1.52	1.45	0.77	0.78
Non-Current Liabilities
Long-Term Debt	0.90	0.92	1.14	1.33	1.75	1.63	1.69	1.89	0.00	0.15
Deferred Tax Liabilities	0.06	0.05	0.07	0.08	0.12	0.11	0.12	0.14	0.01	0.01
Other Non-Current Liabilities	0.19	0.22	0.17	0.15	0.30	0.28	0.10	0.23	0.07	0.06
Total Non-Current Liabilities	1.15	1.19	1.38	1.56	2.05	1.91	1.91	2.12	0.07	0.20
Total Liabilities	2.70	2.78	2.95	3.28	3.81	3.71	3.43	3.57	0.84	0.98
Stockholders' Equity
Common Stock	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Retained Earnings	4.48	4.41	4.25	4.09	3.81	2.77	2.20	2.07	2.02	1.67
Accumulated Other Comprehensive Income	0.02	0.01	-0.09	-0.07	-0.18	0.04	0.03	-0.06	-	0.00
Treasury Stock	-	0.74	0.68	0.59	0.54	-	-	-	-	-
Additional Paid-in Capital	-0.24	-0.14	-0.10	-0.05	-0.05	0.10	0.08	0.07	-0.09	-0.10
Minority Interest	0.00	0.00	0.01	0.01	0.01	0.03	0.03	0.01	0.00	0.00
Shares Outstanding	-	0.05	0.05	0.05	0.05	-	-	-	-	-
Total Stockholders' Equity	4.26	4.29	4.07	3.98	3.60	2.92	2.35	2.10	1.94	1.58
Total Liabilities & Equity	6.96	7.07	7.02	7.26	7.41	6.65	5.77	5.66	2.78	2.56

Source: Company financial statements from annual and quarterly filings. Data as of Jul 31, 2026. Data sources and methodology

Frequently Asked Questions About THOR Industries Balance Sheet

How much debt does THOR Industries have?

THOR Industries had total debt of $898.53M as of Jul 31, 2026, against $481.99M in cash and short-term investments. Its debt-to-equity ratio was 0.21. Total debt was $922.98M a year earlier.

What are THOR Industries's total assets?

THOR Industries reported total assets of $6.96B as of Jul 31, 2026, down 1.5% from $7.07B a year earlier. Total liabilities were $2.70B.

What is THOR Industries's shareholders' equity?

THOR Industries's shareholders' equity was $4.26B as of Jul 31, 2026.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition