Trinity Industries Inc (TRN)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 228,200 | 222,400 | 364,200 | 235,100 | 105,700 | 114,000 | 91,700 | 81,900 | 79,600 | 58,500 | 49,700 | 143,200 | 167,300 | 221,800 | 91,000 | 178,100 | 132,000 | 120,800 | 157,000 | 213,200 |
| Short-term investments | US$ in thousands | — | — | 15,600 | 16,600 | 13,100 | 26,100 | 21,700 | 15,600 | 19,700 | 19,600 | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 0.38 | 0.37 | 0.57 | 0.38 | 0.20 | 0.21 | 0.18 | 0.17 | 0.18 | 0.14 | 0.09 | 0.28 | 0.33 | 0.44 | 0.20 | 0.41 | 0.28 | 0.24 | 0.31 | 0.38 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($228,200K
+ $—K
+ $—K)
÷ $604,700K
= 0.38
The quick ratio of Trinity Industries Inc has shown fluctuations over the given period, ranging from a low of 0.09 to a high of 0.57. A quick ratio below 1 indicates that the company may have difficulty in meeting its short-term obligations using its most liquid assets.
From June 30, 2022, to September 30, 2024, the quick ratio generally improved before experiencing a slight decline by the end of the period. This suggests that Trinity Industries Inc may have enhanced its ability to cover its current liabilities with its quick assets, such as cash, marketable securities, and accounts receivable.
However, the ratio's volatility throughout the period indicates potential fluctuations in the company's liquidity position, which may warrant closer monitoring to ensure adequate short-term financial health. Further analysis and consideration of the company's industry dynamics and specific circumstances would provide additional insights into the significance of these quick ratio changes.
Peer comparison
Dec 31, 2024