Trinity Industries Inc (TRN)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 8.34 | 8.36 | 8.41 | 8.65 | 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 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $8,832,200K ÷ $1,058,900K
= 8.34
Trinity Industries Inc's financial leverage ratio has exhibited an increasing trend over the observation period from March 31, 2020, to December 31, 2024. The ratio has risen from 4.25 in March 2020 to 8.34 by the end of December 2024, indicating a significant increase in the company's reliance on debt to finance its operations and investments. This upward trend suggests that Trinity Industries Inc's debt levels have been growing relative to its equity, potentially indicating a higher financial risk and greater financial leverage. Companies with higher financial leverage ratios are often more vulnerable to economic downturns and fluctuations in interest rates. It is important for investors and stakeholders to monitor such trends closely to assess the firm's ability to meet its debt obligations and manage its financial risk effectively.
Peer comparison
Dec 31, 2024