Thule Group AB (THULEN) Ratios
Thule Group AB Ratios
MX:THULEN's free cash flow for Q3 2026 was $672.00M. For the 2026 fiscal year, MX:THULEN's free cash flow was decreased by $-120.00M and operating cash flow was $792.00M. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 2.13 | 2.13 | 2.49 | 2.73 | 1.74 |
| Quick Ratio | 0.88 | 0.85 | 0.93 | 0.76 | 0.60 |
| Cash Ratio | 0.15 | 0.24 | 0.06 | 0.11 | 0.07 |
| Solvency Ratio | 0.22 | 0.20 | 0.33 | 0.29 | 0.44 |
| Operating Cash Flow Ratio | 0.75 | 1.37 | 1.25 | 0.39 | 0.51 |
| Short-Term Operating Cash Flow Coverage | 10.88 | 2310.00 | 50.00 | 22.00 | 80.57 |
| Net Current Asset Value | $ -3.31B | $ -3.27B | $ -448.00M | $ -781.00M | $ -553.00M |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.31 | 0.29 | 0.20 | 0.26 | 0.16 |
| Debt-to-Equity Ratio | 0.59 | 0.54 | 0.32 | 0.47 | 0.28 |
| Debt-to-Capital Ratio | 0.37 | 0.35 | 0.24 | 0.32 | 0.22 |
| Long-Term Debt-to-Capital Ratio | 0.35 | 0.34 | 0.22 | 0.30 | 0.20 |
| Financial Leverage Ratio | 1.90 | 1.85 | 1.60 | 1.78 | 1.75 |
| Debt Service Coverage Ratio | 5.07 | 9.45 | 7.77 | 13.68 | 34.84 |
| Interest Coverage Ratio | 7.19 | 9.22 | 9.53 | 19.84 | 54.42 |
| Debt to Market Cap | 0.16 | 0.11 | 0.07 | 0.12 | 0.03 |
| Interest Debt Per Share | 41.76 | 42.80 | 22.17 | 30.10 | 15.89 |
| Net Debt to EBITDA | 1.99 | 2.09 | 1.13 | 1.49 | 0.59 |
| Profitability Margins | |||||
| Gross Profit Margin | 45.97% | 42.70% | 40.92% | 38.06% | 40.05% |
| EBIT Margin | 16.32% | 16.90% | 17.28% | 17.11% | 22.57% |
| EBITDA Margin | 19.59% | 19.85% | 20.12% | 19.07% | 24.06% |
| Operating Profit Margin | 15.73% | 15.95% | 16.48% | 16.83% | 22.53% |
| Pretax Profit Margin | 14.13% | 15.17% | 15.55% | 16.25% | 22.17% |
| Net Profit Margin | 10.68% | 11.76% | 12.03% | 12.58% | 17.23% |
| Continuous Operations Profit Margin | 10.68% | 11.76% | 12.03% | 12.58% | 17.23% |
| Net Income Per EBT | 75.58% | 77.54% | 77.39% | 77.41% | 77.72% |
| EBT Per EBIT | 89.88% | 95.07% | 94.35% | 96.54% | 98.42% |
| Return on Assets (ROA) | 8.11% | 7.50% | 10.02% | 10.92% | 17.56% |
| Return on Equity (ROE) | 15.41% | 13.86% | 16.05% | 19.46% | 30.78% |
| Return on Capital Employed (ROCE) | 13.40% | 11.47% | 15.86% | 16.91% | 29.29% |
| Return on Invested Capital (ROIC) | 9.97% | 8.84% | 12.10% | 12.95% | 22.54% |
| Return on Tangible Assets | 18.73% | 17.79% | 18.08% | 19.09% | 31.76% |
| Earnings Yield | 4.31% | 3.10% | 3.81% | 5.60% | 3.12% |
| Efficiency Ratios | |||||
| Receivables Turnover | 10.85 | 9.68 | 10.82 | 10.88 | 9.59 |
| Payables Turnover | 8.83 | 7.33 | 8.31 | 10.90 | 5.89 |
| Inventory Turnover | 3.00 | 2.54 | 2.35 | 2.01 | 2.48 |
| Fixed Asset Turnover | 4.34 | 4.08 | 4.30 | 5.05 | 7.02 |
| Asset Turnover | 0.76 | 0.64 | 0.83 | 0.87 | 1.02 |
| Working Capital Turnover Ratio | 5.78 | 4.65 | 3.69 | 4.64 | 7.45 |
| Cash Conversion Cycle | 113.82 | 131.79 | 145.37 | 181.96 | 123.24 |
| Days of Sales Outstanding | 33.63 | 37.72 | 33.73 | 33.55 | 38.06 |
| Days of Inventory Outstanding | 121.52 | 143.88 | 155.54 | 181.89 | 147.15 |
| Days of Payables Outstanding | 41.33 | 49.81 | 43.91 | 33.48 | 61.97 |
| Operating Cycle | 155.15 | 181.60 | 189.27 | 215.44 | 185.21 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 10.50 | 21.81 | 17.59 | 5.89 | 10.79 |
| Free Cash Flow Per Share | 7.27 | 19.32 | 15.20 | 1.64 | 5.94 |
| Dividend Paid and CapEx Coverage Ratio | 0.91 | 1.82 | 1.52 | 0.34 | 0.53 |
| Capital Expenditure Coverage Ratio | 3.25 | 8.75 | 7.37 | 1.39 | 2.22 |
| Operating Cash Flow Coverage Ratio | 0.26 | 0.53 | 0.85 | 0.20 | 0.70 |
| Operating Cash Flow to Sales Ratio | 0.11 | 0.24 | 0.20 | 0.06 | 0.11 |
| Free Cash Flow Yield | 3.03% | 5.66% | 5.54% | 0.76% | 1.08% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 23.21 | 32.26 | 26.27 | 17.85 | 32.01 |
| Price-to-Sales (P/S) Ratio | 2.48 | 3.79 | 3.16 | 2.25 | 5.52 |
| Price-to-Book (P/B) Ratio | 3.58 | 4.47 | 4.22 | 3.47 | 9.85 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 32.97 | 17.68 | 18.06 | 132.34 | 92.27 |
| Price-to-Operating Cash Flow Ratio | 22.84 | 15.66 | 15.61 | 36.95 | 50.80 |
| Price-to-Earnings Growth (PEG) Ratio | -9.46 | 24.08 | -1.84 | -0.62 | 0.61 |
| Enterprise Value Multiple | 14.64 | 21.19 | 16.85 | 13.27 | 23.52 |
| Enterprise Value | 29.91B | 40.14B | 30.95B | 25.65B | 58.77B |
| EV to EBITDA | 14.64 | 21.19 | 16.85 | 13.27 | 23.52 |
| EV to Sales | 2.87 | 4.21 | 3.39 | 2.53 | 5.66 |
| EV to Free Cash Flow | 38.15 | 19.62 | 19.36 | 149.12 | 94.64 |
| EV to Operating Cash Flow | 26.42 | 17.38 | 16.73 | 41.64 | 52.10 |
| Tangible Book Value Per Share | -5.24 | -5.25 | 18.65 | 14.86 | 12.05 |
| Shareholders’ Equity Per Share | 67.05 | 76.43 | 65.12 | 62.67 | 55.62 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.24 | 0.22 | 0.23 | 0.23 | 0.22 |
| Revenue Per Share | 96.74 | 90.09 | 86.83 | 96.96 | 99.33 |
| Net Income Per Share | 10.33 | 10.59 | 10.45 | 12.19 | 17.12 |
| Tax Burden | 0.76 | 0.78 | 0.77 | 0.77 | 0.78 |
| Interest Burden | 0.87 | 0.90 | 0.90 | 0.95 | 0.98 |
| Research & Development to Revenue | 0.07 | 0.07 | 0.07 | 0.06 | 0.05 |
| SG&A to Revenue | 0.30 | 0.27 | 0.05 | 0.04 | 0.03 |
| Stock-Based Compensation to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Quality | 1.02 | 2.06 | 1.68 | 0.37 | 0.49 |
Currency in SEK
