Triumph Group Inc (TGI)
Current ratio
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 939,369 | 933,512 | 963,068 | 1,554,430 | 1,561,630 |
| Total current liabilities | US$ in thousands | 356,262 | 396,924 | 602,143 | 718,367 | 987,753 |
| Current ratio | 2.64 | 2.35 | 1.60 | 2.16 | 1.58 |
March 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $939,369K ÷ $356,262K
= 2.64
The current ratio of Triumph Group Inc has shown an increasing trend over the past five years, indicating an improvement in the company's short-term liquidity position. As of March 31, 2024, the current ratio stands at 2.64, which means the company has $2.64 in current assets for every $1 of current liabilities. This implies that Triumph Group Inc is in a strong position to meet its short-term obligations using its current assets.
The current ratio was relatively stable between 2020 and 2021, but saw a significant increase in 2022 and further improvement in 2023. This indicates that the company has been effectively managing its current assets and liabilities to strengthen its liquidity position. The current ratio of 2.64 in 2024 suggests that Triumph Group Inc has a robust ability to cover its short-term financial obligations, which may indicate good financial health and operational efficiency. However, it is essential to compare this ratio with industry benchmarks and assess other liquidity metrics to gain a comprehensive understanding of the company's overall financial health.
Peer comparison
Mar 31, 2024