GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Triumph Group Inc (NYSE:TGI) » Definitions » Current Ratio

Triumph Group (Triumph Group) Current Ratio

: 2.66 (As of Dec. 2023)
View and export this data going back to 1996. Start your Free Trial

The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Triumph Group's current ratio for the quarter that ended in Dec. 2023 was 2.66.

Triumph Group has a current ratio of 2.66. It generally indicates good short-term financial strength.

The historical rank and industry rank for Triumph Group's Current Ratio or its related term are showing as below:

TGI' s Current Ratio Range Over the Past 10 Years
Min: 1.21   Med: 1.83   Max: 3.45
Current: 2.66

During the past 13 years, Triumph Group's highest Current Ratio was 3.45. The lowest was 1.21. And the median was 1.83.

TGI's Current Ratio is ranked better than
69.33% of 313 companies
in the Aerospace & Defense industry
Industry Median: 1.65 vs TGI: 2.66

Triumph Group Current Ratio Historical Data

The historical data trend for Triumph Group's Current Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Triumph Group Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Current Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.27 1.58 2.16 1.60 2.35

Triumph Group Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Current Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.22 2.35 2.49 2.85 2.66

Competitive Comparison

For the Aerospace & Defense subindustry, Triumph Group's Current Ratio, along with its competitors' market caps and Current Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Triumph Group Current Ratio Distribution

For the Aerospace & Defense industry and Industrials sector, Triumph Group's Current Ratio distribution charts can be found below:

* The bar in red indicates where Triumph Group's Current Ratio falls into.



Triumph Group Current Ratio Calculation

The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.

Triumph Group's Current Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Current Ratio (A: Mar. 2023 )=Total Current Assets (A: Mar. 2023 )/Total Current Liabilities (A: Mar. 2023 )
=933.512/396.924
=2.35

Triumph Group's Current Ratio for the quarter that ended in Dec. 2023 is calculated as

Current Ratio (Q: Dec. 2023 )=Total Current Assets (Q: Dec. 2023 )/Total Current Liabilities (Q: Dec. 2023 )
=929.207/349.382
=2.66

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Triumph Group  (NYSE:TGI) Current Ratio Explanation

The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.

Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.

The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.

If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.


Triumph Group Current Ratio Related Terms

Thank you for viewing the detailed overview of Triumph Group's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Triumph Group (Triumph Group) Business Description

Traded in Other Exchanges
Address
555 E Lancaster Avenue, Suite 400, Radnor, PA, USA, 19087
Triumph Group Inc designs and manufactures a broad portfolio of aerostructures, aircraft components, and systems for the aviation industry. It serves a worldwide customer base of players in the commercial, business, and military markets. The company operates under two operating segments: Systems and Support, which designs, develops, and supports proprietary components; and Interiors, which supplies commercial and regional manufacturers with aircraft interior systems.
Executives
Quigley Thomas A. Iii officer: Vice President and Controller C/O TRIUMPH GROUP, INC., 899 CASSATT ROAD, SUITE 210, BERWYN PA 19312
Neal J Keating director C/O KAMAN CORPORATION, PO BOX 1, BLOOMFIELD CT 06002
Mather Courtney director C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Patrick E Allen director 400 COLLINS ROAD NE, CEDAR RAPIDS IA 52498
Daniel J Crowley director, officer: President & CEO 870 WINTER STREET, WALTHAM MA 02451
Cynthia M Egnotovich director
Kai W Kasiguran officer: VP, Controller and PAO 899 CASSATT ROAD, SUITE 210, BERWYN PA 19312
Richard A Goglia director 870 WINTER STREET, WALTHAM MA 02451
Wick Peter K. A. officer: EVP, Aerospace Structures 899 CASSATT ROAD, SUITE 210, BERWYN PA 19312
Barbara Humpton director 899 CASSATT ROAD, SUITE 210, BERWYN PA 19312
Repplier Colleen C director 1205 KIMBALL BLVD., JASPER IN 47546
William L Mansfield director 2301 INDUSTRIAL DR., NEENAH WI 54956
Adam Joseph Palmer director 1001 PENNSYLVANIA AVENUE, NW, SUITE 220 S, WASHINGTON DC 20004
Paul Bourgon director 1550 LIBERTY RIDGE DRIVE, SUITE 100, WAYNE PA 19464
Daniel P Garton director 4333 AMON CARTER BLVD, FORT WORTH TX 76155

Triumph Group (Triumph Group) Headlines