Triumph Group Inc (TGI)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 939,369 | 929,207 | 897,197 | 866,714 | 933,512 | 823,342 | 799,339 | 885,001 | 963,068 | 928,248 | 968,380 | 1,007,240 | 1,554,430 | 1,338,500 | 1,464,540 | 1,172,630 | 1,561,630 | 1,096,200 | 1,143,080 | 1,178,660 |
| 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 |
| Current ratio | 2.64 | 2.66 | 2.85 | 2.49 | 2.35 | 2.22 | 2.25 | 1.63 | 1.60 | 1.65 | 1.76 | 1.79 | 2.16 | 2.09 | 2.17 | 1.49 | 1.58 | 1.24 | 1.24 | 1.21 |
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 some variability over the analyzed periods. From March 2020 to March 2024, the current ratio fluctuated between 1.24 and 2.85, indicating the company's ability to cover its short-term liabilities with its current assets. Generally, the current ratio has been increasing since March 2020, reaching a peak of 2.85 in September 2023 before slightly decreasing to 2.64 in March 2024.
A current ratio above 1 indicates that Triumph Group Inc has more current assets than current liabilities, which is a positive sign of the company's short-term liquidity. The recent ratios above 2 suggest that the company has a substantial buffer of current assets to cover its short-term obligations, providing a sense of financial stability.
However, the current ratio dipped below 1.5 in June 2020 and March 2020, indicating potential liquidity concerns during those periods. Investors and analysts may want to delve deeper into the specific components of current assets and liabilities to understand the underlying factors driving these fluctuations in the company's current ratio. It would be essential to monitor how Triumph Group Inc manages its liquidity in the future to ensure its financial health and ability to meet short-term obligations.
Peer comparison
Mar 31, 2024