Thermon Group Holdings Inc

NYSE THR

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Thermon Group Holdings Inc Non-current Assets to Total Assets Ratio 3 year CAGR for the year ending March 31, 2024: -1.16%

Thermon Group Holdings Inc Non-current Assets to Total Assets Ratio 3 year CAGR is -1.16% for the year ending March 31, 2024, a 36.95% change year over year. The non-current assets to total assets ratio measures the proportion of a company's non-current assets to its total assets. It is calculated by dividing the total non-current assets by the total assets. This ratio provides insights into the composition of a company's asset base and the extent to which it relies on non-current assets, such as property, plant, and equipment, to generate revenue. A higher ratio suggests a greater proportion of non-current assets, indicating potential long-term stability and investment in fixed assets. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.

Thermon Group Holdings Inc Non-current Assets to Total Assets Ratio for the year ending March 31, 2023 was 0.61, a -0.38% change year over year.
Thermon Group Holdings Inc Non-current Assets to Total Assets Ratio for the year ending March 31, 2022 was 0.62, a -7.40% change year over year.
Thermon Group Holdings Inc Non-current Assets to Total Assets Ratio for the year ending March 31, 2021 was 0.67, a 2.51% change year over year.
Thermon Group Holdings Inc Non-current Assets to Total Assets Ratio for the year ending March 31, 2020 was 0.65, a 2.31% change year over year.

NYSE: THR

Thermon Group Holdings Inc

CEO	Mr. Bruce A. Thames
IPO Date	May 5, 2011
Location	United States
Headquarters	Building 300, Austin, TX, United States, 78735
Employees	1,416
Sector	Industrials
Industry	Specialty industrial machinery

Description

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. It offers heat tracing products, such as electric heat tracing cables, steam heating solutions, controls, monitoring and software, instrumentation, project services, industrial heating and filtration solutions, temporary electrical power distribution and lighting, and other products and services. The company also provides controls, monitoring, and software systems for the control and management of a heat trace system; environmental heating solutions under the Ruffneck, Norsemen, and Catadyne brands; process heating solutions under the Caloritech brand name; filtration solutions under the 3L Filters brand; rail and transit solutions under the Hellfire, Velocity, ArcticSense, and other brand names; and boilers under the Vapor Power, Precision Boilers, and Caloritech brands. In addition, it offers project services; transportation heating products, including track and switch heaters, accessories, control panels, rail heaters, gas blower accessories, and air curtains; transit heaters; and velocity heat products. Further, the company offers temporary power solutions; heating systems, such as engineered electric heat, explosion proof gas catalytic heaters, heaters for harshest environments, methane abatement, and engineered filtration system; electrically, steam, and fluid heated tubing bundles; and pre-insulated tubing and system accessories tubing bundles. It serves chemical and petrochemical, oil and gas, power generation, rail and transit, commercial, energy transition/decarbonization, mining and mineral processing, maritime/shipbuilding, semiconductors, pharmaceutical and biotechnology, food and beverage, data centers, and renewables industries through a network of sales and service professionals, and distributors. Thermon Group Holdings, Inc. was founded in 1954 and is headquartered in Austin, Texas.

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