Trinity Industries Inc (TRN)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 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 | 8,701,400 | 8,643,100 | 8,575,900 | 8,413,900 |
| 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 |
| Financial leverage ratio | 8.59 | 8.97 | 9.07 | 8.89 | 8.62 | 8.55 | 8.65 | 8.03 | 8.00 | 6.38 | 6.20 | 5.19 | 5.00 | 4.80 | 4.58 | 4.25 | 4.29 | 4.10 | 3.94 | 3.80 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $8,906,500K ÷ $1,037,100K
= 8.59
Trinity Industries, Inc.'s financial leverage ratio has fluctuated over the past eight quarters, ranging from 8.03 to 9.07. The financial leverage ratio indicates the level of debt a company uses to finance its operations compared to its equity. A higher ratio suggests that the company relies more on debt, which can amplify returns but also increase financial risk.
In the latest quarter, Q4 2023, Trinity Industries, Inc. recorded a financial leverage ratio of 8.59, which is slightly lower than the ratios seen in the previous two quarters (Q3 2023 and Q2 2023). This may suggest that the company reduced its reliance on debt during this period.
Overall, Trinity Industries, Inc.'s financial leverage ratio has been relatively stable around the 8.5 to 9 range, indicating a moderate level of leverage in its capital structure. Investors and analysts should continue to monitor changes in this ratio to assess the company's debt management and financial risk profile.
Peer comparison
Dec 31, 2023