Trinity Industries Inc (TRN)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,232,100 | 1,300,300 | 1,383,200 | 1,367,100 | 1,288,100 | 1,346,800 | 1,349,700 | 1,239,000 | 1,255,000 | 1,216,400 | 1,215,900 | 1,054,600 | 968,300 | 1,186,800 | 1,072,700 | 1,244,200 | 1,194,400 | 1,299,900 | 1,405,300 | 1,438,400 |
| 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 |
| Current ratio | 2.04 | 2.18 | 2.07 | 2.06 | 2.12 | 2.06 | 2.10 | 2.11 | 2.29 | 2.11 | 2.14 | 2.07 | 1.88 | 2.35 | 2.31 | 2.86 | 2.54 | 2.54 | 2.74 | 2.58 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,232,100K ÷ $604,700K
= 2.04
Trinity Industries Inc's current ratio has shown fluctuations over the past few years. The current ratio measures the company's ability to cover its short-term liabilities with its short-term assets.
In the recent periods, Trinity Industries Inc's current ratio has been within the range of 1.88 to 2.86, reflecting a strong liquidity position. A current ratio above 1 indicates that the company has more current assets than current liabilities, which is generally considered favorable.
During December 31, 2021, the current ratio dropped to 1.88, which may indicate a temporary strain on its liquidity position. However, the company managed to improve the ratio in subsequent periods. Notably, the current ratio improved to 2.35 on September 30, 2021, indicating better liquidity management.
Overall, Trinity Industries Inc's current ratio has generally been healthy and above 1, indicating that the company is in a good position to meet its short-term obligations with its current assets. However, it is important for investors and stakeholders to continue monitoring the current ratio to ensure the company's liquidity remains stable over time.
Peer comparison
Dec 31, 2024