Trinity Industries Inc (TRN)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 8,832,200 | 8,842,900 | 8,957,800 | 9,079,800 | 8,906,500 | 8,973,400 | 9,022,000 | 8,839,200 | 8,724,300 | 8,599,100 | 8,624,800 | 8,291,200 | 8,235,900 | 8,495,600 | 8,617,000 | 8,775,500 | 8,701,800 | 8,723,200 | 8,665,400 | 9,002,900 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 remained consistently at 0.00 from March 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt to finance its assets during this period. A debt-to-assets ratio of 0.00 suggests that the company's assets are entirely financed by equity, indicating a lower financial risk as there is no debt obligation to be serviced. It may imply that the company has a strong financial position and may be less susceptible to financial distress caused by high debt levels. However, it's important to consider whether this could also reflect missed opportunities to leverage debt financing for potentially beneficial investments or growth strategies.
Peer comparison
Dec 31, 2024