Michael McMillan - Toromont Industries Ex CFO

TMTNF Stock  USD 82.79  0.26  0.32%   

Insider

Michael McMillan is Ex CFO of Toromont Industries
Phone416 667 5511
Webhttps://www.toromont.com

Toromont Industries Management Efficiency

The company has return on total asset (ROA) of 0.0949 % which means that it generated a profit of $0.0949 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.196 %, meaning that it generated $0.196 on every $100 dollars invested by stockholders. Toromont Industries' management efficiency ratios could be used to measure how well Toromont Industries manages its routine affairs as well as how well it operates its assets and liabilities.
Toromont Industries has accumulated 646.34 M in total debt with debt to equity ratio (D/E) of 0.32, which is about average as compared to similar companies. Toromont Industries has a current ratio of 2.27, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist Toromont Industries until it has trouble settling it off, either with new capital or with free cash flow. So, Toromont Industries' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Toromont Industries sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Toromont to invest in growth at high rates of return. When we think about Toromont Industries' use of debt, we should always consider it together with cash and equity.

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Toromont Industries Ltd. provides specialized capital equipment in Canada, the United States, and internationally. Toromont Industries Ltd. was founded in 1961 and is based in Concord, Canada. Toromont Inds operates under Industrial Distribution classification in the United States and is traded on OTC Exchange. It employs 6400 people. Toromont Industries [TMTNF] is a Pink Sheet which is traded between brokers as part of OTC trading.

Management Performance

Toromont Industries Leadership Team

Elected by the shareholders, the Toromont Industries' board of directors comprises two types of representatives: Toromont Industries inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Toromont. The board's role is to monitor Toromont Industries' management team and ensure that shareholders' interests are well served. Toromont Industries' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Toromont Industries' outside directors are responsible for providing unbiased perspectives on the board's policies.
William Harvey, Pres Division
Lynn Korbak, General Counsel, Corporate Secretary
Isabelle Leclerc, VP HR
Michael Cuddy, CIO and VP
Colin Goheen, Pres Rentals
Michael McMillan, Ex CFO
Miles Gregg, Pres Division
David Malinauskas, Pres Refrigeration
Scott Medhurst, CEO and President and Director

Toromont Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right pink sheet is not an easy task. Is Toromont Industries a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Currently Active Assets on Macroaxis

Other Information on Investing in Toromont Pink Sheet

Toromont Industries financial ratios help investors to determine whether Toromont Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Toromont with respect to the benefits of owning Toromont Industries security.