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 | 601,504 | 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