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 138,272 156,116 178,663 194,066 359,487
Total current liabilities US$ in thousands 356,262 396,924 602,143 718,367 987,753
Quick ratio 1.49 0.97 0.70 1.09 0.86

March 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($392,511K + $—K + $138,272K) ÷ $356,262K
= 1.49

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

Company name
Symbol
Quick ratio
Triumph Group Inc
TGI
1.49
AAR Corp
AIR
0.80
Textron Inc
TXT
0.01