Triumph Group Inc (TGI)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Debt-to-capital ratio | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Debt-to-equity ratio | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Financial leverage ratio | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Based on the provided data, Triumph Group Inc has consistently reported a debt-to-assets ratio, debt-to-capital ratio, debt-to-equity ratio, and financial leverage ratio of 0.00 or not available for the periods indicated. This suggests that the company has not utilized debt as a significant source of financing relative to its total assets, capital, or equity during the given period. The absence of debt in these solvency ratios indicates a lower financial risk and leverage for Triumph Group Inc, which may be viewed positively by investors and creditors. It indicates that the company may have a strong financial position and may be managing its debt levels effectively.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 18.37 | 19.97 | 21.66 | 36.70 | 37.11 | 34.48 | 32.48 | 14.86 | 11.53 | 2.06 | -4.55 | -2.07 | -13.73 | -14.31 | -12.48 | -20.50 | 5.19 | -7.19 | -9.08 | -19.16 |
The interest coverage ratio for Triumph Group Inc has fluctuated over the past few quarters, ranging from a low of -20.50 to a high of 37.11. Overall, the trend shows a varying ability of the company to cover its interest obligations from its operating income.
In the recent quarters, Triumph Group Inc demonstrated strong interest coverage ratios, with figures well above 20, indicating a healthy ability to meet its interest payments comfortably. This suggests that the company's operating income is sufficiently high to cover its interest expenses.
However, there are also periods, such as in the first quarter of 2022 and throughout 2021, where the interest coverage ratio was considerably lower, even negative, implying that the company's operating income was insufficient to cover its interest payments during those times. This may raise concerns about the company's financial health and ability to service its debt obligations.
It is important for investors and stakeholders to closely monitor Triumph Group Inc's interest coverage ratio to assess the company's financial stability and its ability to manage its debt effectively.