Triumph Group Inc (TGI)
Quick ratio
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 392,511 | 227,403 | 240,878 | 589,882 | 485,463 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 212,561 | 299,802 | 280,491 | 328,704 | 603,904 |
| Total current liabilities | US$ in thousands | 356,262 | 396,924 | 601,504 | 718,367 | 987,753 |
| Quick ratio | 1.70 | 1.33 | 0.87 | 1.28 | 1.10 |
March 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($392,511K
+ $—K
+ $212,561K)
÷ $356,262K
= 1.70
The quick ratio of Triumph Group Inc has shown a fluctuating trend over the past five years. The quick ratio increased from 0.86 in March 2020 to 1.09 in March 2021, indicating an improvement in the company's ability to meet its short-term obligations with its most liquid assets. However, there was a decrease in the quick ratio to 0.70 in March 2022, suggesting potential liquidity concerns.
Subsequently, Triumph Group Inc significantly improved its quick ratio to 0.97 in March 2023, showing a recovery in its short-term liquidity position. The most recent quick ratio as of March 31, 2024, further increased to 1.49, indicating a strong improvement in the company's ability to cover its current liabilities with its quick assets.
Overall, Triumph Group Inc has demonstrated mixed performance in terms of liquidity over the past five years, with fluctuations in the quick ratio. The recent increase to 1.49 in March 2024 suggests a healthier short-term liquidity position compared to the previous years, indicating the company's enhanced ability to meet its immediate financial obligations.
Peer comparison
Mar 31, 2024