• Thor Industries average debt/equity ratio for 2023 was 0.38, a 30.91% decline from 2022.
• Thor Industries average debt/equity ratio for 2022 was 0.55, a 14.06% decline from 2021.
• Thor Industries average debt/equity ratio for 2021 was 0.64, a 17.95% decline from 2020.

Debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity.