Toromont Industries Ltd.

Toronto Stock Exchange TIH.TO

Toromont Industries Ltd. Interest Coverage Ratio for the year ending December 31, 2023: 26.70

Toromont Industries Ltd. Interest Coverage Ratio is 26.70 for the year ending December 31, 2023, a 13.90% change year over year. Interest coverage ratio assesses earnings' ability to cover interest expenses; higher ratios signal lower risk.
  • Toromont Industries Ltd. Interest Coverage Ratio for the year ending December 31, 2022 was 23.44, a 36.11% change year over year.
  • Toromont Industries Ltd. Interest Coverage Ratio for the year ending December 31, 2021 was 17.22, a 35.33% change year over year.
  • Toromont Industries Ltd. Interest Coverage Ratio for the year ending December 31, 2020 was 12.73, a -16.50% change year over year.
  • Toromont Industries Ltd. Interest Coverage Ratio for the year ending December 31, 2019 was 15.24, a 26.70% change year over year.
Key data
Date Interest Coverage Ratio Debt to Equity Ratio Interest Expense To Sales Inventory Turnover Ratio
Market news
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SV Wall Street
Toronto Stock Exchange: TIH.TO

Toromont Industries Ltd.

CEO Mr. Michael Stanley Howie McMillan C.M.A.
IPO Date Aug. 13, 1996
Location Canada
Headquarters 3131 Highway 7 West
Employees 7,000
Sector Consumer Discretionary
Industries
Description

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, commercial, marine, on-highway trucks, and power generation; and sale of complementary and related products, parts, and services. This segment serves building, mining, aggregates, public infrastructure, residential construction, power generation, marine, agriculture, forestry, on-highway truck engines, industrial, demolition, and waste management markets. The CIMCO segment is involved in the design, engineering, fabrication, installation, and after-sale support of refrigeration systems in industrial and recreational markets. This segment primarily serves beverage and food processing, cold storage, food distribution, mining, and recreational ice rink sectors. Toromont Industries Ltd. was founded in 1961 and is based in Concord, Canada.

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StockViz Staff

February 6, 2025

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