Trinity Industries Inc (TRN)
Cash ratio
| 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 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 228,200 | 222,400 | 364,200 | 235,100 | 105,700 | 114,000 | 91,700 | 81,900 | 79,600 | 58,500 | 49,700 | 143,200 | 167,300 | 221,800 | 91,000 | 178,100 | 132,000 | 120,800 | 157,000 | 213,200 |
| Short-term investments | US$ in thousands | — | — | 15,600 | 16,600 | 13,100 | 26,100 | 21,700 | 15,600 | 19,700 | 19,600 | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 604,700 | 596,000 | 669,300 | 664,200 | 607,600 | 653,800 | 641,400 | 588,200 | 548,500 | 575,500 | 569,300 | 508,800 | 513,800 | 505,000 | 464,000 | 435,500 | 471,100 | 512,700 | 513,800 | 557,000 |
| Cash ratio | 0.38 | 0.37 | 0.57 | 0.38 | 0.20 | 0.21 | 0.18 | 0.17 | 0.18 | 0.14 | 0.09 | 0.28 | 0.33 | 0.44 | 0.20 | 0.41 | 0.28 | 0.24 | 0.31 | 0.38 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($228,200K
+ $—K)
÷ $604,700K
= 0.38
The cash ratio of Trinity Industries Inc has fluctuated over the past few years, ranging from a low of 0.09 to a high of 0.57. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to cover short-term obligations.
The company's cash ratio was relatively low in the middle of 2021, but showed improvement towards the end of 2021 and into 2022. However, there was a decline in the cash ratio in mid-2022 before showing some stabilization by the end of 2024.
Overall, Trinity Industries Inc's cash ratio has shown some volatility, but has generally been within a reasonable range, indicating a varying but ultimately manageable level of liquidity. It is important for investors and stakeholders to closely monitor the cash ratio to ensure the company can meet its short-term obligations effectively.
Peer comparison
Dec 31, 2024