Balance Sheet Toromont Industries Ltd.

Equities

TIH

CA8911021050

Heavy Machinery & Vehicles

Market Closed - Toronto S.E. Other stock markets 04:00:00 2026-02-06 pm EST			5-day change	1st Jan Change
184.71 ^CAD	+1.94%		+6.49%	+11.24%

Feb. 06	Diary-Canada corporate earnings week ahead	RE
Dec. 02	CIBC Says Ontario and First Nation Agreement For an All-Weather Road Will Speed Access to the Ring of Fire	MT

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Published financial data: TOROMONT INDUSTRIES LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	3.48B	3.89B	4.23B	4.62B	5.02B
Total Revenues	3.48B	3.89B	4.23B	4.62B	5.02B
Cost of Goods Sold, Total	2.64B	2.92B	3.1B	3.38B	3.76B
Gross Profit	836M	970M	1.13B	1.24B	1.26B
Selling General & Admin Expenses, Total	442M	471M	491M	524M	573M
Depreciation & Amortization - (IS)	21.2M	17.8M	18M	16.9M	19.7M
Other Operating Expenses, Total	463M	489M	509M	541M	592M
Operating Income	372M	481M	624M	704M	670M
Interest Expense, Total	-29.98M	-28.16M	-27.34M	-28.1M	-28.66M
Interest And Investment Income	9.08M	9.03M	22.23M	45.98M	53.64M
Net Interest Expenses	-20.9M	-19.13M	-5.11M	17.88M	24.98M
EBT, Excl. Unusual Items	352M	462M	619M	722M	695M
Merger & Related Restructuring Charges	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Other Unusual Items	-	-5M	-	-	-
EBT, Incl. Unusual Items	352M	457M	619M	722M	695M
Income Tax Expense	96.62M	124M	165M	193M	189M
Earnings From Continuing Operations	255M	333M	454M	529M	507M
Earnings Of Discontinued Operations	-	-	-	5.6M	-
Net Income to Company	255M	333M	454M	535M	507M
Net Income - (IS)	255M	333M	454M	535M	507M
Net Income to Common Incl Extra Items	255M	333M	454M	535M	507M
Net Income to Common Excl. Extra Items	255M	333M	454M	529M	507M
Per Share Items
Net EPS - Basic	3.1	4.03	5.52	6.5	6.18
Basic EPS - Continuing Operations	3.1	4.03	5.52	6.43	6.18
Basic Weighted Average Shares Outstanding	82.15M	82.55M	82.34M	82.31M	82.01M
Net EPS - Diluted	3.09	4	5.47	6.45	6.13
Diluted EPS - Continuing Operations	3.09	4	5.47	6.38	6.13
Diluted Weighted Average Shares Outstanding	82.62M	83.27M	82.98M	82.9M	82.59M
Normalized Basic EPS	2.67	3.5	4.7	5.48	5.3
Normalized Diluted EPS	2.66	3.47	4.66	5.44	5.26
Dividend Per Share	1.24	1.36	1.56	1.72	1.92
Payout Ratio	38.65	32.78	27.57	25.91	30.32
American Depositary Receipts Ratio (ADR)	0.2	0.2	0.2	0.2	0.2
Supplemental Items
EBITDA	525M	628M	777M	876M	864M
EBITA	375M	483M	627M	707M	673M
EBIT	372M	481M	624M	704M	670M
EBITDAR	525M	628M	777M	877M	864M
Effective Tax Rate - (Ratio)	27.49	27.17	26.63	26.73	27.14
Total Current Taxes	99.7M	121M	155M	174M	189M
Total Deferred Taxes	-3.08M	3.59M	9.85M	18.56M	-615K
Normalized Net Income	220M	289M	387M	451M	434M
Interest on Long-Term Debt	29.98M	28.16M	27.34M	28.1M	28.66M
Non-Cash Pension Expense	3.31M	2.64M	1.63M	-1.28M	-1.04M
Supplemental Operating Expense Items
Net Rental Expense, Total	176K	194K	252K	315K	378K
Imputed Operating Lease Interest Expense	62.59K	65.33K	82.45K	105K	126K
Imputed Operating Lease Depreciation	113K	129K	170K	210K	252K
Stock-Based Comp., SG&A Exp. (Total)	2.9M	3.3M	3.8M	8M	8.7M
Stock-Based Comp., Other (Total)	2.83M	3.17M	3M	2.85M	153K
Total Stock-Based Compensation	5.73M	6.47M	6.8M	10.85M	8.85M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	591M	917M	928M	1.04B	891M
Total Cash And Short Term Investments	591M	917M	928M	1.04B	891M
Accounts Receivable, Total	518M	438M	561M	610M	615M
Other Receivables	23.28M	13.52M	18.2M	16.92M	21.65M
Total Receivables	542M	452M	580M	627M	637M
Inventory	728M	720M	1.03B	1.12B	1.32B
Other Current Assets, Total	10.9M	19.25M	35.97M	23.73M	41.43M
Total Current Assets	1.87B	2.11B	2.57B	2.81B	2.89B
Gross Property Plant And Equipment	1.7B	1.79B	2.01B	2.25B	2.55B
Accumulated Depreciation	-708M	-794M	-905M	-997M	-1.1B
Net Property Plant And Equipment	988M	995M	1.11B	1.25B	1.45B
Goodwill	93.78M	93.78M	93.78M	93.78M	95.29M
Other Intangibles, Total	384M	381M	379M	376M	374M
Accounts Receivable Long-Term	5.3M	1.86M	1.24M	1.04M	1.71M
Deferred Tax Assets Long-Term	504K	231K	925K	1.37M	1.2M
Other Long-Term Assets, Total	2.99M	3.13M	28.38M	34.37M	58.91M
Total Assets	3.35B	3.58B	4.18B	4.57B	4.87B
Liabilities
Accounts Payable, Total	539M	542M	665M	623M	678M
Accrued Expenses, Total	35.56M	23.07M	18.53M	22.13M	20.27M
Current Portion of Long-Term Debt	-	-	-	-	150M
Current Portion of Leases	9.15M	7.83M	7.72M	9.21M	8.81M
Current Income Taxes Payable	23.42M	15.24M	28.65M	7.01M	-
Unearned Revenue Current, Total	149M	200M	309M	360M	332M
Other Current Liabilities	37.69M	25.4M	27.65M	44.22M	30.68M
Total Current Liabilities	794M	814M	1.06B	1.07B	1.22B
Long-Term Debt	646M	646M	647M	648M	499M
Long-Term Leases	16.56M	11.78M	16.16M	25.08M	32.49M
Unearned Revenue Non Current	16.38M	27.25M	23.28M	22.48M	23.58M
Pension & Other Post Retirement Benefits	149M	82.71M	30.59M	28.7M	28.77M
Deferred Tax Liability Non Current	25.23M	48.68M	82.94M	97.89M	110M
Total Liabilities	1.65B	1.63B	1.86B	1.89B	1.91B
Common Stock, Total	517M	540M	561M	583M	598M
Additional Paid In Capital	14.24M	16.35M	19.26M	27.35M	34.29M
Retained Earnings	1.17B	1.39B	1.73B	2.08B	2.31B
Comprehensive Income and Other	-1.42M	4.75M	13.36M	-6.21M	13.34M
Total Common Equity	1.7B	1.95B	2.33B	2.68B	2.96B
Total Equity	1.7B	1.95B	2.33B	2.68B	2.96B
Total Liabilities And Equity	3.35B	3.58B	4.18B	4.57B	4.87B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	82.47M	82.44M	82.32M	82.31M	81.3M
ECS Total Common Shares Outstanding	82.47M	82.44M	82.32M	82.3M	81.3M
Book Value / Share	20.6	23.69	28.25	32.61	36.35
Tangible Book Value	1.22B	1.48B	1.85B	2.21B	2.49B
Tangible Book Value Per Share	14.8	17.93	22.51	26.9	30.58
Total Debt	672M	666M	671M	682M	690M
Net Debt	80.89M	-251M	-257M	-359M	-201M
Debt Equivalent of Unfunded Proj. Benefit Obligation	128M	62.24M	-11.1M	-17.15M	-41.65M
Debt Equivalent Oper. Leases	1.41M	1.55M	2.02M	2.52M	3.02M
Account Code - Inventory Valuation	8	8	-	6	6
Inventories - Raw Materials, Total	5.06M	6.04M	6.89M	6.14M	5.52M
Inventories - Work In Process, Total	85.23M	88.22M	120M	146M	176M
Inventories - Finished Goods, Total	407M	403M	565M	638M	760M
Inventories - Others	231M	223M	334M	329M	380M
Land - (BS)	155M	173M	177M	183M	197M
Buildings, Total	297M	315M	327M	370M	426M
Machinery, Total	1.22B	1.28B	1.49B	1.66B	1.88B
Full Time Employees	6K	6.4K	6.8K	7K	7.3K
Accumulated Allowance for Doubtful Accounts (Supple)	20.66M	20.32M	25.54M	25.08M	30.01M
Order Backlog	557M	-	1.29B	1.21B	1.05B

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	255M	333M	454M	535M	507M
Depreciation & Amortization - CF	160M	154M	160M	179M	202M
Amortization of Goodwill and Intangible Assets - (CF)	2.64M	2.48M	2.48M	2.48M	2.48M
Depreciation & Amortization, Total	163M	157M	162M	182M	204M
Amortization of Deferred Charges, Total - (CF)	3.21M	1.64M	677K	544K	671K
(Gain) Loss From Sale Of Asset	-22.38M	-21.53M	-34.36M	-34.71M	-26.1M
Stock-Based Compensation (CF)	5.73M	6.47M	6.8M	10.85M	8.85M
Net Cash From Discontinued Operations	-	-	-	2.59M	-
Other Operating Activities, Total	-45.45M	-62.61M	-159M	-163M	-147M
Change In Accounts Receivable	-16.53M	89.64M	-128M	-49.76M	4.2M
Change In Inventories	184M	7.98M	-305M	-115M	-202M
Change In Accounts Payable	-225M	-12.92M	104M	-47.16M	59.68M
Change in Unearned Revenues	8.19M	61.46M	106M	52.53M	-27.09M
Change In Income Taxes	32.56M	-8.04M	13.41M	-20.8M	-15.27M
Change in Other Net Operating Assets	6.56M	-8.8M	-3.34M	3.36M	-8.14M
Cash from Operations	349M	543M	217M	356M	359M
Capital Expenditure	-43.29M	-71.2M	-69.33M	-114M	-137M
Sale of Property, Plant, and Equipment	10.92M	2.47M	25.17M	10.3M	3.43M
Cash Acquisitions	-	-	-	-	-73.59M
Sale (Purchase) of Intangible assets	-	-	-	-	-
Other Investing Activities, Total	-187K	-133K	-167K	26.06M	-125K
Cash from Investing	-32.55M	-68.87M	-44.33M	-78.12M	-207M
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	-	-	-	-
Long-Term Debt Repaid, Total	-10.34M	-9.88M	-9.08M	-9.39M	-9.73M
Total Debt Repaid	-10.34M	-9.88M	-9.08M	-9.39M	-9.73M
Issuance of Common Stock	22.37M	21.75M	20.63M	21.04M	20.26M
Repurchase of Common Stock	-4.04M	-50M	-48.5M	-37.54M	-160M
Common Dividends Paid	-98.53M	-109M	-125M	-139M	-154M
Common & Preferred Stock Dividends Paid	-98.53M	-109M	-125M	-139M	-154M
Other Financing Activities, Total	-338K	-961K	-	-38K	-103K
Cash from Financing	-90.88M	-148M	-162M	-164M	-304M
Foreign Exchange Rate Adjustments	-58K	-10K	489K	-210K	1.17M
Net Change in Cash	226M	326M	10.95M	113M	-150M
Supplemental Items
Cash Interest Paid	26.08M	26.16M	24.78M	24.78M	24.78M
Cash Income Tax Paid (Refund)	66.32M	128M	142M	197M	204M
Levered Free Cash Flow	320M	487M	267M	381M	252M
Unlevered Free Cash Flow	338M	503M	283M	398M	270M
Change In Net Working Capital	22.58M	-110M	207M	121M	226M
Net Debt Issued / Repaid	-10.34M	-9.88M	-9.08M	-9.39M	-9.73M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	6.93	8.67	10.05	10.06	8.87
Return on Total Capital	10.16	12.05	13.89	13.84	11.95
Return On Equity %	15.77	18.22	21.23	21.13	17.96
Return on Common Equity	15.77	18.22	21.23	21.13	17.96
Margin Analysis
Gross Profit Margin %	24.02	24.95	26.79	26.93	25.15
SG&A Margin	12.71	12.12	11.62	11.33	11.41
EBITDA Margin %	15.09	16.15	18.37	18.96	17.21
EBITA Margin %	10.78	12.44	14.81	15.29	13.4
EBIT Margin %	10.71	12.37	14.75	15.24	13.35
Income From Continuing Operations Margin %	7.33	8.56	10.74	11.45	10.09
Net Income Margin %	7.33	8.56	10.74	11.57	10.09
Net Avail. For Common Margin %	7.33	8.56	10.74	11.45	10.09
Normalized Net Income Margin	6.32	7.43	9.15	9.76	8.65
Levered Free Cash Flow Margin	9.2	12.53	6.3	8.23	5.03
Unlevered Free Cash Flow Margin	9.71	12.95	6.69	8.6	5.37
Asset Turnover
Asset Turnover	1.04	1.12	1.09	1.06	1.06
Fixed Assets Turnover	3.41	3.92	4.02	3.91	3.72
Receivables Turnover (Average Receivables)	6.84	8.12	8.46	7.89	8.19
Inventory Turnover (Average Inventory)	3.22	4.03	3.55	3.15	3.08
Short Term Liquidity
Current Ratio	2.36	2.59	2.43	2.64	2.37
Quick Ratio	1.43	1.68	1.43	1.56	1.25
Operating Cash Flow to Current Liabilities	0.44	0.67	0.21	0.33	0.29
Days Sales Outstanding (Average Receivables)	53.5	44.93	43.13	46.27	44.67
Days Outstanding Inventory (Average Inventory)	113.59	90.65	102.89	115.9	118.83
Average Days Payable Outstanding	98.38	67.87	64.76	67.74	60.12
Cash Conversion Cycle (Average Days)	68.7	67.71	81.27	94.43	103.38
Long Term Solvency
Total Debt/Equity	39.56	34.09	28.85	25.41	23.34
Total Debt / Total Capital	28.35	25.42	22.39	20.26	18.92
LT Debt/Equity	39.02	33.69	28.52	25.07	17.97
Long-Term Debt / Total Capital	27.96	25.13	22.13	19.99	14.57
Total Liabilities / Total Assets	49.25	45.5	44.4	41.3	39.3
EBIT / Interest Expense	12.42	17.08	22.83	25.06	23.39
EBITDA / Interest Expense	17.86	22.64	28.76	31.54	30.52
(EBITDA - Capex) / Interest Expense	16.42	20.11	26.23	27.46	25.75
Total Debt / EBITDA	1.25	1.04	0.85	0.77	0.79
Net Debt / EBITDA	0.15	-0.39	-0.33	-0.4	-0.23
Total Debt / (EBITDA - Capex)	1.37	1.18	0.94	0.88	0.93
Net Debt / (EBITDA - Capex)	0.16	-0.44	-0.36	-0.46	-0.27
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-5.43	11.72	8.86	12.32	8.63
Gross Profit, 1 Yr. Growth %	-7.77	16.04	16.89	11.3	1.43
EBITDA, 1 Yr. Growth %	-6.77	19.59	23.81	13.51	-1.4
EBITA, 1 Yr. Growth %	-9.61	28.88	29.63	13.7	-4.82
EBIT, 1 Yr. Growth %	-9.71	29.13	29.78	13.75	-4.84
Earnings From Cont. Operations, 1 Yr. Growth %	-11.12	30.52	36.51	17.55	-4.27
Net Income, 1 Yr. Growth %	-11.12	30.52	36.51	17.73	-5.27
Normalized Net Income, 1 Yr. Growth %	-10.9	31.37	34.05	17.71	-3.73
Diluted EPS Before Extra, 1 Yr. Growth %	-11.46	29.45	36.75	17.71	-3.92
Accounts Receivable, 1 Yr. Growth %	3.98	-15.43	28.07	8.7	0.81
Inventory, 1 Yr. Growth %	-20.15	-1.1	42.38	9.1	18.1
Net Property, Plant and Equip., 1 Yr. Growth %	-6.11	0.75	11.53	13.01	15.36
Total Assets, 1 Yr. Growth %	-0.73	7.08	16.7	9.32	6.49
Tangible Book Value, 1 Yr. Growth %	16.12	21.12	25.33	19.48	12.31
Common Equity, 1 Yr. Growth %	10.74	14.99	19.05	15.42	10.12
Cash From Operations, 1 Yr. Growth %	139.01	55.5	-60.03	64	0.96
Capital Expenditures, 1 Yr. Growth %	-24.32	64.48	-2.62	66.98	19.26
Levered Free Cash Flow, 1 Yr. Growth %	70.23	52.03	-45.23	44.39	-33.55
Unlevered Free Cash Flow, 1 Yr. Growth %	65.16	49.07	-43.78	41.75	-32.06
Dividend Per Share, 1 Yr. Growth %	14.81	9.68	14.71	10.26	11.63
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-0.36	2.79	10.28	9.06	10.46
Gross Profit, 2 Yr. CAGR %	-1.61	3.45	16.46	13.3	6.25
EBITDA, 2 Yr. CAGR %	1.53	5.59	21.68	18.16	5.79
EBITA, 2 Yr. CAGR %	0.14	7.93	29.26	20.91	4.03
EBIT, 2 Yr. CAGR %	0.39	7.98	29.46	21.01	4.04
Earnings From Cont. Operations, 2 Yr. CAGR %	0.58	7.71	33.48	26.11	6.08
Net Income, 2 Yr. CAGR %	0.58	7.71	33.48	26.77	5.6
Normalized Net Income, 2 Yr. CAGR %	0.53	8.19	32.7	25.05	6.45
Diluted EPS Before Extra, 2 Yr. CAGR %	0.33	7.06	33.05	26.29	6.35
Accounts Receivable, 2 Yr. CAGR %	1.34	-6.23	4.07	17.99	4.68
Inventory, 2 Yr. CAGR %	-8.68	-11.13	18.67	24.63	13.51
Net Property, Plant and Equip., 2 Yr. CAGR %	1.73	-2.74	6	12.27	14.18
Total Assets, 2 Yr. CAGR %	1.72	3.1	11.79	12.95	7.89
Tangible Book Value, 2 Yr. CAGR %	20.44	18.59	23.21	22.37	15.84
Common Equity, 2 Yr. CAGR %	13.11	12.85	17	17.22	12.74
Cash From Operations, 2 Yr. CAGR %	-16.96	92.78	-21.16	-19.03	28.68
Capital Expenditures, 2 Yr. CAGR %	-6.49	11.57	26.56	26.79	41.12
Levered Free Cash Flow, 2 Yr. CAGR %	-27.45	60.88	-8.75	-11.58	-2.15
Unlevered Free Cash Flow, 2 Yr. CAGR %	-26.58	56.91	-8.45	-11.13	-1.96
Dividend Per Share, 2 Yr. CAGR %	16.1	12.22	12.16	12.46	10.94
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	13.97	3.51	4.77	9.94	8.91
Gross Profit, 3 Yr. CAGR %	14.55	3.95	7.75	14.21	9.2
EBITDA, 3 Yr. CAGR %	15.76	7.22	11.34	18.63	11.24
EBITA, 3 Yr. CAGR %	14.17	8.93	14.73	23.51	11.64
EBIT, 3 Yr. CAGR %	14.27	9.18	14.81	23.66	11.69
Earnings From Cont. Operations, 3 Yr. CAGR %	13.15	9.71	16.56	27.56	15.04
Net Income, 3 Yr. CAGR %	13.15	9.71	16.56	28.01	15.04
Normalized Net Income, 3 Yr. CAGR %	13.26	9.91	16.2	27.12	14.61
Diluted EPS Before Extra, 3 Yr. CAGR %	11.99	9.22	16.16	27.34	15.29
Accounts Receivable, 3 Yr. CAGR %	3.38	-4.59	4.04	5.59	11.96
Inventory, 3 Yr. CAGR %	-2.15	-6.22	3.99	15.39	22.41
Net Property, Plant and Equip., 3 Yr. CAGR %	3.85	1.4	1.8	8.29	13.29
Total Assets, 3 Yr. CAGR %	5.29	3.48	7.45	10.96	10.75
Tangible Book Value, 3 Yr. CAGR %	24.46	20.67	20.8	21.96	18.92
Common Equity, 3 Yr. CAGR %	14.73	13.74	14.88	16.47	14.8
Cash From Operations, 3 Yr. CAGR %	10.1	2.35	14.11	0.64	-12.85
Capital Expenditures, 3 Yr. CAGR %	5.07	12.88	6.62	38.28	24.23
Levered Free Cash Flow, 3 Yr. CAGR %	170.69	-7.16	12.33	5.93	-19.67
Unlevered Free Cash Flow, 3 Yr. CAGR %	233.58	-7.03	11.45	5.59	-18.79
Dividend Per Share, 3 Yr. CAGR %	17.73	13.92	13.04	11.52	12.18
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	14.06	15.24	12.48	5.69	6.42
Gross Profit, 5 Yr. CAGR %	13.4	15.68	15.31	7.59	6.86
EBITDA, 5 Yr. CAGR %	13.56	16.87	18.09	11.47	8.94
EBITA, 5 Yr. CAGR %	12.89	17.96	19.98	13.57	10.14
EBIT, 5 Yr. CAGR %	12.74	17.84	20.12	13.76	10.19
Earnings From Cont. Operations, 5 Yr. CAGR %	11.84	16.39	20.88	15.99	12.05
Net Income, 5 Yr. CAGR %	11.84	16.39	20.88	16.24	12.05
Normalized Net Income, 5 Yr. CAGR %	12.02	17.25	20.67	15.73	11.99
Diluted EPS Before Extra, 5 Yr. CAGR %	10.69	15.1	19.98	15.75	11.92
Accounts Receivable, 5 Yr. CAGR %	17.69	12.13	3.65	3.87	4.3
Inventory, 5 Yr. CAGR %	9.48	10.58	5.7	5.08	7.7
Net Property, Plant and Equip., 5 Yr. CAGR %	18.1	16.99	4.71	5.62	6.58
Total Assets, 5 Yr. CAGR %	21.27	20.78	7.84	7.17	7.63
Tangible Book Value, 5 Yr. CAGR %	10.29	11.5	23.96	21.35	18.79
Common Equity, 5 Yr. CAGR %	16.98	17.15	15.63	15.12	14.02
Cash From Operations, 5 Yr. CAGR %	65.94	23.51	-3.67	-6.81	19.73
Capital Expenditures, 5 Yr. CAGR %	7.35	23.46	13.19	18.25	19
Levered Free Cash Flow, 5 Yr. CAGR %	30.76	16.95	75.22	-8.95	6.05
Unlevered Free Cash Flow, 5 Yr. CAGR %	30.67	17.32	98.88	-8.69	5.68
Dividend Per Share, 5 Yr. CAGR %	12.77	13.56	15.47	13.33	12.2