Triumph Group Inc (TGI)
Cash ratio
| Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 392,511 | 162,899 | 169,885 | 146,318 | 227,403 | 116,409 | 104,450 | 134,636 | 240,878 | 206,139 | 194,122 | 237,486 | 589,882 | 477,276 | 440,211 | 30,909 | 485,463 | 53,594 | 24,852 | 28,927 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 356,262 | 349,382 | 314,627 | 348,366 | 396,924 | 370,115 | 355,862 | 543,530 | 602,143 | 563,160 | 549,010 | 562,701 | 718,367 | 639,355 | 674,042 | 789,360 | 987,753 | 883,312 | 925,398 | 970,388 |
| Cash ratio | 1.10 | 0.47 | 0.54 | 0.42 | 0.57 | 0.31 | 0.29 | 0.25 | 0.40 | 0.37 | 0.35 | 0.42 | 0.82 | 0.75 | 0.65 | 0.04 | 0.49 | 0.06 | 0.03 | 0.03 |
March 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($392,511K
+ $—K)
÷ $356,262K
= 1.10
Triumph Group Inc's cash ratio has fluctuated over the past few quarters. As of March 31, 2024, the cash ratio stands at 1.10, indicating that the company has $1.10 in cash and cash equivalents for every $1 of current liabilities. This represents a significant improvement from the previous quarter's ratio of 0.47.
The trend in the cash ratio shows variability over the past few quarters, with some periods showing lower levels of liquidity (such as the ratio of 0.04 on June 30, 2020), and others exhibiting stronger liquidity positions (like the ratio of 0.82 on March 31, 2021). Overall, the upward trend in the cash ratio from 2020 to 2024 suggests an improvement in Triumph Group's liquidity position and ability to meet its short-term obligations using its cash reserves.
It is essential for investors and stakeholders to monitor the cash ratio as it provides insights into the company's short-term liquidity and financial health. A higher cash ratio indicates a stronger ability to cover short-term liabilities, while a lower ratio may signal potential liquidity challenges. Triumph Group Inc's management should continue to focus on maintaining an optimal balance between cash reserves and operational needs to ensure sustainable financial strength.
Peer comparison
Mar 31, 2024