Trinity Industries Inc (TRN)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 607,300 | 1,288,100 | 1,255,000 | 968,300 | 1,194,400 |
| Total current liabilities | US$ in thousands | 251,700 | 627,700 | 548,500 | 513,800 | 471,100 |
| Current ratio | 2.41 | 2.05 | 2.29 | 1.88 | 2.54 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $607,300K ÷ $251,700K
= 2.41
Trinity Industries Inc's current ratio has shown fluctuations over the past five years, ranging from a low of 1.88 in December 31, 2021, to a high of 2.54 in December 31, 2020. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A ratio above 1 indicates the company has more current assets than current liabilities, suggesting good liquidity. Trinity's current ratio has generally been above 2, indicating a healthy liquidity position, although it decreased to 1.88 in 2021, which might have been a temporary liquidity challenge. Overall, the trend in the current ratio suggests that Trinity Industries Inc has managed its short-term liquidity effectively over the period under review.
Peer comparison
Dec 31, 2024