Triumph Group Inc (TGI)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 1,686,270 | 1,676,580 | 1,673,130 | 1,649,860 | 1,714,840 | 1,597,290 | 1,568,270 | 1,667,460 | 1,761,170 | 1,752,540 | 1,800,720 | 1,883,490 | 2,450,940 | 2,401,920 | 2,533,420 | 2,266,320 | 2,980,330 | 2,625,390 | 2,761,800 | 2,823,270 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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
Based on the data provided, Triumph Group Inc has consistently reported a debt-to-assets ratio of 0.00 across multiple periods, indicating that the company has not had any debt relative to its total assets during those periods. A debt-to-assets ratio of 0.00 can suggest that the company has been operating either debt-free or with negligible debt compared to its total assets. It is important to note that a debt-to-assets ratio of 0.00 may not necessarily mean that the company does not have any debt obligations but rather that the level of debt is significantly low or does not register when compared to its total assets. This signifies a strong financial position in terms of leverage and financial risk, as the lack of debt obligations can provide financial flexibility and stability to the company.
Peer comparison
Mar 31, 2024