Triumph Group Inc (TGI)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 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 | 485,463 | 53,594 | 24,852 | 28,927 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 138,272 | 127,494 | 164,928 | 158,637 | 156,116 | 179,371 | 177,286 | 168,104 | 178,663 | 158,871 | 175,267 | 190,185 | 194,066 | 167,694 | 233,802 | 256,848 | 359,487 | 300,730 | 342,306 | 331,509 |
| 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 |
| Quick ratio | 1.49 | 0.83 | 1.06 | 0.88 | 0.97 | 0.80 | 0.79 | 0.56 | 0.70 | 0.65 | 0.67 | 0.76 | 1.09 | 1.01 | 1.00 | 0.36 | 0.86 | 0.40 | 0.40 | 0.37 |
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 varied over the past few quarters, indicating fluctuations in the company's liquidity position. The quick ratio, which measures the company's ability to meet short-term obligations with its most liquid assets, was 1.49 as of March 31, 2024. This implies that for every dollar of current liabilities, Triumph Group had $1.49 in quick assets available to cover those obligations.
The quick ratio was highest in Q1 of fiscal year 2024, suggesting a strong liquidity position at that point in time. However, in the previous quarter (Q4 of fiscal year 2023), the ratio dropped significantly to 0.83, signaling a potential liquidity strain. The company saw a recovery in its quick ratio in Q3 of fiscal year 2023, which stood at 1.06, indicating an improvement in liquidity compared to the previous quarter.
The trend in the quick ratio shows some volatility over the quarters, with fluctuations between 0.56 and 1.49. This variability indicates changes in the company's ability to quickly convert its current assets into cash to meet short-term obligations. Investors and stakeholders may need to monitor Triumph Group's liquidity closely, as a consistently low quick ratio could indicate potential challenges in meeting short-term financial commitments.
Peer comparison
Mar 31, 2024