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 | 277,164 | 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 | 151,049 | 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 | 395,078 | 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 | 1.08 | 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
= ($277,164K
+ $—K
+ $151,049K)
÷ $395,078K
= 1.08
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