Triumph Group Inc (TGI)
Debt-to-assets ratio
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 1,686,270 | 1,714,840 | 1,760,700 | 2,450,940 | 2,980,330 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
March 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,686,270K
= 0.00
The debt-to-assets ratio for Triumph Group Inc has consistently been reported as 0.00 for the past five years, from March 31, 2020, to March 31, 2024. This implies that the company has not utilized debt to finance its assets and has relied primarily on equity funding during this period. A debt-to-assets ratio of 0.00 indicates a low risk of financial distress due to debt obligations and demonstrates financial stability and strength in terms of asset financing. Triumph Group Inc's consistent zero debt-to-assets ratio suggests a conservative financial strategy with minimal reliance on external borrowing to support its asset base.
Peer comparison
Mar 31, 2024