Triumph Group Inc (TGI)

Cash ratio

Mar 31, 2024 Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020
Cash and cash equivalents US$ in thousands 392,511 227,403 240,878 589,882 485,463
Short-term investments US$ in thousands
Total current liabilities US$ in thousands 356,262 396,924 602,143 718,367 987,753
Cash ratio 1.10 0.57 0.40 0.82 0.49

March 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($392,511K + $—K) ÷ $356,262K
= 1.10

The cash ratio of Triumph Group Inc has shown a fluctuating trend over the past five years. In the most recent fiscal year ending March 31, 2024, the cash ratio stood at 1.10, indicating an improvement in the company's ability to cover its short-term liabilities with its available cash and cash equivalents. This may suggest a stronger liquidity position compared to the previous fiscal years.

In contrast, the cash ratio was lower in the fiscal years ending March 31, 2023, and March 31, 2022, at 0.57 and 0.40, respectively. This could imply that Triumph Group Inc had relatively lower cash reserves to cover its short-term obligations during those periods.

The fiscal year ending March 31, 2021, saw an increase in the cash ratio to 0.82, reflecting an improvement in liquidity compared to the previous year. However, this ratio was still lower than the most recent fiscal year.

Lastly, in the fiscal year ending March 31, 2020, the cash ratio was 0.49, indicating a lower ability to cover short-term liabilities with cash on hand.

Overall, the upward trend in the cash ratio of Triumph Group Inc from 2020 to 2024 suggests a positive improvement in the company's liquidity position and its ability to meet short-term obligations with available cash resources.


Peer comparison

Mar 31, 2024

Company name
Symbol
Cash ratio
Triumph Group Inc
TGI
1.10
AAR Corp
AIR
0.18
Textron Inc
TXT
0.01