Trinity Industries Inc (TRN)
Debt-to-capital ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 5,542,300 | 793,400 | 796,600 | 389,800 | 387,500 | 381,500 | 389,900 | 406,500 | 5,281,900 | 425,300 | 426,200 | 418,000 | 5,254,800 | 407,400 | 4,885,900 | 4,834,500 | 5,064,600 | 4,911,000 | 4,769,100 | 4,552,400 |
| Total stockholders’ equity | US$ in thousands | 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 | 2,030,100 | 2,110,600 | 2,178,800 | 2,214,500 |
| Debt-to-capital ratio | 0.84 | 0.44 | 0.44 | 0.28 | 0.28 | 0.27 | 0.28 | 0.28 | 0.84 | 0.24 | 0.23 | 0.20 | 0.75 | 0.18 | 0.72 | 0.70 | 0.71 | 0.70 | 0.69 | 0.67 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $5,542,300K ÷ ($5,542,300K + $1,037,100K)
= 0.84
The debt-to-capital ratio of Trinity Industries, Inc. has remained consistent at 0.85 for the last four consecutive quarters, indicating that the company is heavily reliant on debt to finance its operations and investments compared to its equity. This level of debt relative to capital suggests that the company may have a higher financial risk due to its significant debt obligations. It is essential for investors and creditors to monitor Trinity Industries' ability to manage this debt effectively and generate sufficient cash flows to meet its debt obligations in the long term. Additionally, the stable nature of the ratio over the past year suggests that the company has maintained a consistent capital structure during this period.
Peer comparison
Dec 31, 2023