Trinity Industries, Inc. (TRN) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 1.09B | 1.06B | 1.13B | 1.12B | 1.06B | 1.23B | 1.3B | 1.38B | 1.37B | 1.29B | 1.35B | 1.35B | 1.24B | 1.25B | 1.22B | 1.22B | 1.05B | 968.3M | 1.19B | 1.07B |
| Cash & Short-Term Investments | 252.6M | 201.3M | 238.7M | 315.3M | 94.9M | 374.4M | 332.4M | 364.2M | 235.1M | 235.1M | 266.7M | 296.6M | 81.9M | 294.3M | 238.7M | 49.7M | 143.2M | 302.4M | 345.1M | 86.3M |
| Cash Only | 252.6M | 201.3M | 238.7M | 315.3M | 94.9M | 374.4M | 332.4M | 364.2M | 235.1M | 235.1M | 266.7M | 296.6M | 81.9M | 294.3M | 238.7M | 49.7M | 143.2M | 302.4M | 345.1M | 86.3M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 354.3M | 416.6M | 341M | 344.3M | 371.4M | 381.5M | 418.8M | 402.1M | 488.9M | 368.7M | 400.7M | 430.9M | 343.3M | 331.3M | 291.2M | 278.7M | 194.8M | 233M | 438.2M | 113.3M |
| Days Sales Outstanding | 70.51 | 57.02 | 69.42 | 64.33 | 57.88 | 58.49 | 47.27 | 48.18 | 48.2 | 44.36 | 46.58 | 48.76 | 47.31 | 48.44 | 52.79 | 51.69 | 40.73 | 127.48 | 60.43 | 33.94 |
| Inventory | 483.2M | 469.1M | 554.6M | 459.7M | 449.7M | 476.2M | 549.1M | 616.9M | 643.1M | 684.3M | 679.4M | 622.2M | 632.7M | 629.4M | 686.5M | 630.7M | 508.4M | 432.9M | 403.5M | 365.6M |
| Days Inventory Outstanding | 118.02 | 102.75 | 148.64 | 111.56 | 95.02 | 99.42 | 85.23 | 86.15 | 93.44 | 98.48 | 88.11 | 94.97 | 105.47 | 123.48 | 153.28 | 159.18 | 106.29 | 185.33 | 104.86 | 154.56 |
| Other Current Assets | 0 | -27.5M | 0 | 0 | 140.2M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 181.1M | 0 | 0 | 256.8M | 208.2M | 0 | 0 | 507.5M |
| Total Non-Current Assets | 7.24B | 1.35B | 7.8B | 7.69B | 7.61B | 7.6B | 7.54B | 7.57B | 7.71B | 7.62B | 7.63B | 7.67B | 7.6B | 7.47B | 7.38B | 7.41B | 7.24B | 7.27B | 7.31B | 7.54B |
| Property, Plant & Equipment | 6.64B | 0 | 7.19B | 7.09B | 0 | 7.09B | 7.03B | 7.04B | 7.16B | 7.11B | 7.08B | 7.12B | 6.98B | 6.98B | 6.98B | 6.94B | 6.8B | 6.93B | 6.89B | 486M |
| Fixed Asset Turnover | 0.07x | - | 0.06x | 0.07x | - | 0.09x | 0.11x | 0.12x | 0.11x | 0.11x | 0.12x | 0.10x | 0.09x | 0.08x | 0.07x | 0.06x | 0.07x | 0.04x | 0.11x | 0.60x |
| Goodwill | 221.5M | 221.5M | 221.5M | 221.5M | 221.5M | 221.5M | 221.5M | 221.5M | 221.5M | 221.5M | 222.7M | 222.1M | 222.3M | 195.9M | 159.5M | 159.2M | 154.2M | 154.2M | 215.8M | 215.7M |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 99M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 36M | 38.7M | 43.9M | 55.3M | 45.7M | 72.9M | 81.5M | 45.7M | 59.7M | 42.6M | 57.5M | 63.5M | 41.3M | 6.3M | -1.11B | 6.3M | 6.1M | 0 |
| Other Non-Current Assets | 376.1M | 0 | 350M | 343.7M | 7.34B | 139.2M | 249.8M | 239.2M | 249.2M | 245.8M | 261.9M | 286.3M | -789.3M | 230M | 198.2M | -816M | 278.8M | 177.4M | 194.6M | 6.84B |
| Total Assets | 8.33B | 8.42B | 8.93B | 8.81B | 8.66B | 8.83B | 8.84B | 8.96B | 9.08B | 8.91B | 8.97B | 9.02B | 8.84B | 8.72B | 8.6B | 8.62B | 8.29B | 8.24B | 8.5B | 8.62B |
| Asset Turnover | 0.06x | 0.07x | 0.05x | 0.06x | 0.07x | 0.07x | 0.09x | 0.09x | 0.09x | 0.09x | 0.09x | 0.08x | 0.07x | 0.07x | 0.06x | 0.05x | 0.06x | 0.03x | 0.05x | 0.03x |
| Asset Growth % | -3.85% | -4.62% | 1% | -1.65% | -4.57% | -0.83% | -1.45% | -0.71% | 2.72% | 2.09% | 4.35% | 4.61% | 6.61% | 5.93% | 1.22% | 0.09% | -5.52% | -5.35% | -2.61% | -0.56% |
| Total Current Liabilities | 520.1M | 570.8M | 511.5M | 486.5M | 537.3M | 1.44B | 596M | 669.3M | 664.2M | 1.28B | 653.8M | 641.4M | 588.2M | 790.6M | 575.5M | 569.3M | 508.8M | 745.2M | 505M | 471.8M |
| Accounts Payable | 272.9M | 269.6M | 253.1M | 219.5M | 255.4M | 251.7M | 270.2M | 315.4M | 335.9M | 305.3M | 325.8M | 330.8M | 314.5M | 287.5M | 286.6M | 285.4M | 237.5M | 206.4M | 208.6M | 188.1M |
| Days Payables Outstanding | 67.23 | 52.46 | 69.26 | 58.26 | 52.04 | 50.61 | 42.81 | 44.53 | 45.13 | 45.57 | 44.45 | 48.84 | 50.31 | 53.87 | 66.56 | 73.07 | 50.13 | 91.96 | 54.08 | 78.19 |
| Short-Term Debt | 0 | 0 | 17.8M | 19.7M | 20.7M | 840.1M | 0 | 0 | 0 | 673.2M | 0 | 0 | 0 | 242.1M | 0 | 0 | 0 | 231.4M | 0 | 32.4M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -700K | 0 | 0 | 0 |
| Other Current Liabilities | 247.2M | 301.2M | 240.6M | 8.4M | -20.7M | 322.4M | 325.8M | 353.9M | 328.3M | 291.2M | 328M | 310.6M | -15M | 261M | 288.9M | -10.7M | -14.9M | 307.4M | 296.4M | 11.3M |
| Current Ratio | 2.10x | 1.86x | 2.22x | 2.30x | 1.97x | 0.85x | 2.18x | 2.07x | 2.06x | 1.01x | 2.06x | 2.10x | 2.11x | 1.59x | 2.11x | 2.14x | 2.07x | 1.30x | 2.35x | 2.27x |
| Quick Ratio | 1.17x | 1.03x | 1.13x | 1.36x | 1.13x | 0.52x | 1.26x | 1.14x | 1.09x | 0.47x | 1.02x | 1.13x | 1.03x | 0.79x | 0.92x | 1.03x | 1.07x | 0.72x | 1.55x | 1.50x |
| Cash Conversion Cycle | 121.3 | 107.3 | 148.8 | 117.63 | 100.85 | 107.3 | 89.7 | 89.8 | 96.5 | 97.26 | 90.24 | 94.9 | 102.47 | 118.05 | 139.51 | 137.8 | 96.89 | 220.85 | 111.2 | 110.31 |
| Total Non-Current Liabilities | 6.66B | 6.71B | 7.17B | 7.07B | 6.83B | 6.08B | 6.95B | 6.98B | 7.13B | 6.35B | 7.07B | 7.13B | 7B | 6.66B | 6.76B | 6.8B | 6.49B | 6.19B | 6.39B | 6.49B |
| Long-Term Debt | 5.38B | 5.44B | 5.94B | 5.86B | 5.62B | 4.85B | 5.7B | 5.73B | 5.87B | 5.08B | 5.78B | 5.83B | 5.71B | 5.37B | 5.49B | 5.54B | 5.23B | 4.94B | 5.18B | 448.4M |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 113.4M | 112.6M | 115M | 118M | 118.2M | 109.5M | 110.8M | 96.5M | 114.8M | 112.1M | 113.6M | 112.3M | 106.3M | 116.2M | 108.1M |
| Deferred Tax Liabilities | 1.15B | 1.13B | 1.09B | 1.07B | 1.07B | 1.08B | 1.1B | 1.1B | 1.1B | 1.1B | 1.12B | 1.14B | 1.13B | 1.13B | 1.13B | 1.12B | 1.11B | 1.11B | 1.06B | 0 |
| Other Non-Current Liabilities | 134.6M | 136.8M | 137.5M | 138.1M | 142M | 40.4M | 39.3M | 37.9M | 38M | 47.5M | 52M | 49.6M | 63.3M | 49.1M | 28.2M | 31.3M | 36.4M | 41.7M | 41.2M | 5.93B |
| Total Liabilities | 7.18B | 7.28B | 7.68B | 7.55B | 7.37B | 7.53B | 7.54B | 7.65B | 7.79B | 7.63B | 7.72B | 7.77B | 7.59B | 7.45B | 7.34B | 7.37B | 7B | 6.94B | 6.9B | 6.96B |
| Total Debt | 5.38B | 5.44B | 5.94B | 5.86B | 5.62B | 5.8B | 5.81B | 5.84B | 5.99B | 5.87B | 5.89B | 5.94B | 5.82B | 5.72B | 5.61B | 5.66B | 5.35B | 5.28B | 5.29B | 596.7M |
| Net Debt | 5.13B | 5.24B | 5.71B | 5.54B | 5.52B | 5.43B | 5.48B | 5.48B | 5.75B | 5.64B | 5.63B | 5.65B | 5.74B | 5.43B | 5.37B | 5.61B | 5.21B | 4.97B | 4.95B | 510.4M |
| Debt / Equity | 4.70x | 4.75x | 4.75x | 4.66x | 4.32x | 4.44x | 4.48x | 4.48x | 4.64x | 4.60x | 4.70x | 4.76x | 4.65x | 4.51x | 4.45x | 4.51x | 4.13x | 4.07x | 3.32x | 0.36x |
| Debt / EBITDA | 35.69x | 33.62x | 34.58x | 36.36x | 32.80x | 31.27x | 29.75x | 27.09x | 32.47x | 26.45x | 34.00x | 34.57x | 40.69x | 31.12x | 34.50x | 39.80x | 44.00x | 54.74x | 36.03x | 4.77x |
| Net Debt / EBITDA | 34.02x | 32.37x | 33.19x | 34.40x | 32.25x | 29.26x | 28.04x | 25.40x | 31.20x | 25.39x | 32.46x | 32.85x | 40.12x | 29.52x | 33.03x | 39.45x | 42.82x | 51.60x | 33.68x | 4.08x |
| Interest Coverage | 1.20x | 1.33x | 1.36x | 1.27x | 1.47x | 1.71x | 1.84x | 2.07x | 1.63x | 2.19x | 1.47x | 1.46x | 1.09x | 0.89x | 1.70x | 1.45x | 1.30x | 0.91x | 1.75x | 0.89x |
| Total Equity | 1.15B | 1.15B | 1.25B | 1.26B | 1.3B | 1.31B | 1.3B | 1.3B | 1.29B | 1.28B | 1.25B | 1.25B | 1.25B | 1.27B | 1.26B | 1.26B | 1.3B | 1.3B | 1.6B | 1.66B |
| Equity Growth % | -11.85% | -12.39% | -3.7% | -3.54% | 0.87% | 2.49% | 3.6% | 4.4% | 3.05% | 0.46% | -0.61% | -0.57% | -3.49% | -2.1% | -21% | -24.23% | -34.16% | -35.67% | -23.75% | -23.26% |
| Book Value per Share | 13.99 | 14.00 | 15.27 | 15.17 | 15.51 | 15.52 | 15.44 | 15.51 | 15.43 | 15.28 | 15.01 | 14.98 | 15.03 | 15.28 | 15.14 | 14.88 | 15.15 | 13.23 | 16.04 | 15.77 |
| Total Shareholders' Equity | 1.08B | 1.08B | 1B | 1.01B | 1.05B | 1.06B | 1.06B | 1.07B | 1.05B | 1.04B | 1B | 994.6M | 994.2M | 1.01B | 1.01B | 997.6M | 1.03B | 1.03B | 1.33B | 1.39B |
| Common Stock | 0 | 1.08B | 800K | 800K | 800K | 800K | 800K | 800K | 800K | 800K | 800K | 800K | 800K | 800K | 800K | 800K | 800K | 800K | 1M | 1M |
| Retained Earnings | 0 | 0 | 1.02B | 1.01B | 1.05B | 1.05B | 1.05B | 1.04B | 1.01B | 1.01B | 971.1M | 971M | 975.6M | 992.6M | 997.7M | 991.1M | 1.03B | 1.05B | 1.43B | 1.41B |
| Treasury Stock | 0 | 0 | -20.8M | -500K | -9.1M | -600K | -7.4M | -600K | -1M | -600K | -1M | -700K | -1.5M | -700K | -15.1M | -700K | -800K | -600K | -78.2M | -600K |
| Accumulated OCI | 0 | 0 | -3.9M | -4.2M | -4.2M | -4.2M | -9.6M | 7.4M | 18.4M | 11M | 17.7M | 17.6M | 12.7M | 19.7M | 16.4M | 6.4M | 100K | -17M | -23.9M | -24.6M |
| Minority Interest | 66.9M | 68.1M | 249.4M | 248.7M | 246.5M | 248.3M | 241.1M | 238.5M | 239.2M | 238.4M | 252.6M | 254.4M | 256.2M | 257.2M | 255.2M | 258.6M | 263.6M | 267M | 265.4M | 268M |