Triumph Group Inc (TGI)
Quick ratio
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 277,164 | 392,511 | 227,403 | 240,878 | 589,882 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 151,049 | 212,561 | 299,802 | 280,491 | 328,704 |
| Total current liabilities | US$ in thousands | 395,078 | 356,262 | 396,924 | 601,504 | 718,367 |
| Quick ratio | 1.08 | 1.70 | 1.33 | 0.87 | 1.28 |
March 31, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($277,164K
+ $—K
+ $151,049K)
÷ $395,078K
= 1.08
The quick ratio of Triumph Group Inc has varied over the past five years. It was 1.28 as of March 31, 2021, indicating the company had $1.28 of liquid assets to cover each $1 of current liabilities. The ratio decreased to 0.87 by March 31, 2022, suggesting a potential liquidity concern. However, the ratio improved significantly to 1.33 by March 31, 2023, and further increased to 1.70 by March 31, 2024, signaling an enhancement in the company's ability to meet its short-term obligations using its quick assets. Subsequently, by March 31, 2025, the ratio decreased to 1.08. Overall, the fluctuations in the quick ratio demonstrate changes in Triumph Group Inc's liquidity position over the years, with particular attention needed to the lower ratio in 2022 and the subsequent improvements in 2023 and 2024.
Peer comparison
Mar 31, 2025