Triumph Group Inc (TGI)
Current ratio
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 878,863 | 939,369 | 933,512 | 962,602 | 1,554,430 |
| Total current liabilities | US$ in thousands | 395,078 | 356,262 | 396,924 | 601,504 | 718,367 |
| Current ratio | 2.22 | 2.64 | 2.35 | 1.60 | 2.16 |
March 31, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $878,863K ÷ $395,078K
= 2.22
The current ratio of Triumph Group Inc has shown some fluctuations over the past five years. As of March 31, 2021, the current ratio was 2.16, indicating that the company had $2.16 in current assets for every $1 in current liabilities.
However, by March 31, 2022, the current ratio decreased to 1.60, suggesting a potential liquidity constraint as the company had $1.60 in current assets for every $1 in current liabilities. This could indicate challenges in meeting short-term obligations.
The company's liquidity position improved in the following years, with the current ratio reaching 2.35 as of March 31, 2023, 2.64 as of March 31, 2024, and then decreasing slightly to 2.22 by March 31, 2025. These ratios indicate that Triumph Group Inc had more than enough current assets to cover its current liabilities during these periods.
Overall, the upward trend in the current ratio from 2022 to 2024 suggests an improvement in Triumph Group Inc's short-term liquidity position, although the slight decrease in 2025 should be monitored for potential impacts on the company's ability to meet its short-term obligations.
Peer comparison
Mar 31, 2025