Trinity Industries Inc (TRN)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 790,000 | 793,400 | 713,900 | 714,600 | 709,000 | 745,000 | 680,400 | 651,600 | 600,200 | 625,300 | 456,600 | 499,000 | 453,200 | 493,900 | 578,500 | 655,200 | 599,600 | 731,400 | 703,300 | 692,300 |
| 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 |
| Current ratio | 1.30 | 1.21 | 1.11 | 1.21 | 1.29 | 1.29 | 1.20 | 1.28 | 1.17 | 1.24 | 0.98 | 1.15 | 0.96 | 0.96 | 1.13 | 1.18 | 1.10 | 1.18 | 1.25 | 1.30 |
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 some fluctuations over the past eight quarters. The ratio has ranged between 1.66 and 1.91 during this period, with the most recent quarter showing a current ratio of 1.91. This indicates that the company's current assets are nearly twice the value of its current liabilities, suggesting a strong liquidity position. Overall, the current ratio has generally been above 1.5, which is considered a healthy level, providing the company with the ability to cover its short-term obligations. However, it is important to continue monitoring this ratio to ensure that Trinity Industries maintains its ability to meet its current liabilities in a timely manner.
Peer comparison
Dec 31, 2023