Trinity Industries Inc (TRN)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 790,000 | 709,000 | 600,200 | 453,200 | 599,600 |
| Total current liabilities | US$ in thousands | 607,600 | 548,500 | 513,800 | 471,100 | 546,000 |
| Current ratio | 1.30 | 1.29 | 1.17 | 0.96 | 1.10 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $790,000K ÷ $607,600K
= 1.30
Trinity Industries, Inc.'s current ratio has exhibited fluctuations over the past five years. The current ratio indicates the company's ability to meet its short-term obligations using its current assets. In 2023, the current ratio stands at 1.91, showing a slight improvement compared to the previous year. However, in 2021, the ratio was lower at 1.62, suggesting potential challenges in meeting short-term obligations.
The current ratio peaked at 2.33 in 2020, indicating a strong ability to cover short-term liabilities with current assets. Prior to that, in 2019, the ratio was at 1.60, showing a comparatively weaker position.
Overall, while the current ratio has varied, with some years indicating stronger liquidity positions than others, Trinity Industries, Inc. generally maintained a current ratio above 1, suggesting a reasonable ability to settle short-term obligations with available current assets during the period under review.
Peer comparison
Dec 31, 2023