Trinity Industries Inc (TRN)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,058,900 | 1,057,400 | 1,065,500 | 1,049,300 | 1,037,100 | 1,000,800 | 994,600 | 994,200 | 1,012,400 | 1,005,900 | 997,600 | 1,032,000 | 1,029,800 | 1,331,000 | 1,389,900 | 1,692,400 | 1,738,800 | 1,817,300 | 1,891,300 | 2,116,400 |
| Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,058,900K)
= 0.00
Trinity Industries Inc has consistently maintained a debt-to-capital ratio of 0.00% over the past several years, as per the provided financial data from March 31, 2020, to December 31, 2024. This indicates that the company has not relied heavily on debt to finance its operations and investments during this period. A debt-to-capital ratio of 0.00% typically suggests that the company's capital structure is predominantly supported by equity rather than debt. While a low debt-to-capital ratio can be viewed positively as it signifies lower financial risk and interest expenses, it's also important to consider the context of the industry and the company's growth prospects to fully assess the implications of such a ratio. Further analysis of Trinity Industries Inc's financial statements and industry benchmarks would provide more insight into the company's financial health and capital structure strategy.
Peer comparison
Dec 31, 2024