Trinity Industries Inc (TRN)

Quick ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Cash US$ in thousands 228,200 105,700 79,600 167,300 132,000
Short-term investments US$ in thousands 13,100 19,700
Receivables US$ in thousands
Total current liabilities US$ in thousands 251,700 627,700 548,500 513,800 471,100
Quick ratio 0.91 0.19 0.18 0.33 0.28

December 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($228,200K + $—K + $—K) ÷ $251,700K
= 0.91

The quick ratio of Trinity Industries Inc has shown significant fluctuations over the years. In 2020, the quick ratio was low at 0.28, indicating that the company had limited short-term liquidity to cover its immediate liabilities. However, there was a slight improvement in 2021 with a quick ratio of 0.33, suggesting a better ability to meet short-term obligations.

Subsequently, in 2022 and 2023, the quick ratio dropped to 0.18 and 0.19 respectively, signaling a potential liquidity crunch or difficulties in covering short-term liabilities with current assets.

However, there was a notable spike in the quick ratio in 2024, reaching 0.91. This significant increase indicates a substantial improvement in Trinity Industries Inc's short-term liquidity position, with current assets more than sufficient to cover short-term liabilities.

Overall, fluctuations in the quick ratio highlight the importance of monitoring a company's liquidity position and its ability to meet short-term financial obligations effectively. It is essential for investors and stakeholders to assess these changes over time to understand the company's financial health and risk factors.


Peer comparison

Dec 31, 2024

Company name
Symbol
Quick ratio
Trinity Industries Inc
TRN
0.91
Greenbrier Companies Inc
GBX
0.34
Westinghouse Air Brake Technologies Corp
WAB
0.49