Trinity Industries Inc (TRN)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 8,832,200 | 8,906,500 | 8,724,300 | 8,235,900 | 8,701,800 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $8,832,200K
= 0.00
The debt-to-assets ratio of Trinity Industries Inc has consistently been reported as 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not had any debt relative to its total assets over this period. A debt-to-assets ratio of 0.00 typically suggests that the company is not reliant on debt financing to support its operations and that its assets are primarily funded by equity. While a low debt-to-assets ratio can indicate a strong financial position and lower financial risk, it is essential to consider the company's overall financial health and growth prospects in conjunction with this ratio for a more comprehensive analysis.
Peer comparison
Dec 31, 2024