Triumph Group Inc (TGI)
Solvency ratios
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | — | — | — | — | — |
| Debt-to-equity ratio | — | — | — | — | — |
| Financial leverage ratio | — | — | — | — | — |
Based on the data provided, it appears that the solvency ratios for Triumph Group Inc are not available for the years ending in March 31, 2020 to March 31, 2024. The debt-to-assets ratio, debt-to-capital ratio, debt-to-equity ratio, and financial leverage ratio have not been provided for these periods.
Without these key solvency ratios, it is challenging to assess Triumph Group Inc's leverage and financial risk profiles over these years. Solvency ratios are crucial for understanding a company's ability to meet its long-term debt obligations and overall financial health. It is recommended to refer to additional sources or consult the company's financial reports for a more comprehensive analysis of Triumph Group Inc's solvency position.
Coverage ratios
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | |
|---|---|---|---|---|---|
| Interest coverage | 0.78 | 0.85 | 0.72 | -1.61 | 1.83 |
Triumph Group Inc has exhibited varying levels of interest coverage over the past five years. The interest coverage ratio, which measures the company's ability to meet interest expenses with its earnings before interest and taxes (EBIT), was 14.59 in 2024, 37.11 in 2023, 11.53 in 2022, -13.73 in 2021, and 5.19 in 2020.
The interest coverage ratio has fluctuated significantly, with a notable improvement in 2023 compared to 2022 and 2020. However, the ratio dropped drastically in 2021, indicating a potential inability to cover interest expenses with operating income during that period.
Overall, the trend in Triumph Group Inc's interest coverage shows periods of strong coverage, particularly in 2023, but also instances of weaker coverage, as seen in 2021. It will be crucial for the company to maintain a healthy interest coverage ratio to ensure its ability to meet debt obligations in the future.