Triumph Group Inc (TGI)

Quick ratio

Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 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
Cash US$ in thousands 133,487 104,893 152,604 392,511 162,899 169,885 146,318 227,403 116,409 104,450 134,636 240,878 206,139 194,122 237,486 589,882 477,276 440,211 30,909
Short-term investments US$ in thousands
Receivables US$ in thousands 225,090 246,936 219,165 212,561 216,900 274,279 271,294 299,802 288,017 279,260 265,498 280,491 309,626 325,675 334,303 328,704 325,983 426,858 460,832
Total current liabilities US$ in thousands 306,209 307,623 303,185 356,262 349,382 314,627 344,754 396,924 370,115 355,862 543,530 601,504 563,160 549,010 562,701 718,367 639,355 674,042 789,360
Quick ratio 1.17 1.14 1.23 1.70 1.09 1.41 1.21 1.33 1.09 1.08 0.74 0.87 0.92 0.95 1.02 1.28 1.26 1.29 0.62

March 31, 2025 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($—K + $—K + $—K) ÷ $—K
= —

The quick ratio, also known as the acid-test ratio, measures a company's ability to meet its short-term obligations with its most liquid assets. Triumph Group Inc's quick ratio has shown some fluctuation over the periods provided.

In June 2020, the quick ratio was low at 0.62, indicating a potential liquidity issue. However, this improved significantly by September 2020 to 1.29, showing a healthier position. The quick ratio remained relatively stable for the rest of 2020 and into 2021, ranging between 1.26 and 1.28.

There was a slight drop in the quick ratio in mid-2021, falling to 1.02 in June 2021 and further declining to 0.95 in September 2021. This could indicate a potential strain on the company's ability to cover its short-term obligations with liquid assets.

The quick ratio continued to decrease throughout 2022, hitting its lowest point of 0.74 in June 2022. This suggests that Triumph Group Inc may have been facing challenges in meeting its immediate financial obligations during that period.

However, the quick ratio started to recover in the following quarters, reaching 1.70 by March 2024, which indicates a substantial improvement in liquidity. The quick ratio remained relatively stable above 1.0 for the rest of the periods provided until March 2025, where data was unavailable.

Overall, the quick ratio trend for Triumph Group Inc shows some variability, with periods of both strength and weakness in liquidity management. It is important for investors and analysts to closely monitor the company's quick ratio to assess its ability to meet short-term obligations with readily available assets.


Peer comparison

Mar 31, 2025

Company name
Symbol
Quick ratio
Triumph Group Inc
TGI
AAR Corp
AIR
0.80
Textron Inc
TXT
0.06