Trinity Industries Inc (TRN)
Cash ratio
| 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 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 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 | 166,200 | 97,600 | 102,800 | 73,900 |
| Short-term investments | US$ in thousands | — | 26,100 | 21,700 | 15,600 | 19,700 | 19,600 | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 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 | 546,000 | 619,700 | 564,000 | 533,600 |
| Cash ratio | 0.17 | 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 | 0.30 | 0.16 | 0.18 | 0.14 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($105,700K
+ $—K)
÷ $607,600K
= 0.17
The cash ratio for Trinity Industries, Inc. has shown fluctuations over the past eight quarters. In Q4 2023 and Q3 2023, the cash ratio remained stable at 0.17, indicating that the company had $0.17 in cash and cash equivalents for every $1 of current liabilities during those quarters.
Compared to Q4 2023 and Q3 2023, the cash ratio decreased slightly to 0.14 in Q2 2023 and Q1 2023. This suggests that Trinity Industries had a lower proportion of cash and cash equivalents relative to its current liabilities during these periods.
Looking back at Q4 2022 and Q3 2022, the cash ratio was 0.15 and 0.10 respectively, indicating fluctuations in the company's ability to cover its short-term obligations with cash on hand. The cash ratio further decreased to 0.09 in Q2 2022 before significantly increasing to 0.28 in Q1 2022, showing a varying trend in the company's liquidity position.
Overall, the trend in Trinity Industries' cash ratio demonstrates some inconsistency in the company's ability to cover its short-term liabilities with its available cash reserves. It will be essential for stakeholders to monitor this ratio closely to assess the company's liquidity position and financial health accurately.
Peer comparison
Dec 31, 2023