Triton International Balance Sheet Health
Financial Health criteria checks 3/6
Triton International has a total shareholder equity of $3.3B and total debt of $7.6B, which brings its debt-to-equity ratio to 233.3%. Its total assets and total liabilities are $11.7B and $8.4B respectively. Triton International's EBIT is $949.7M making its interest coverage ratio 4.1. It has cash and short-term investments of $178.9M.
Key information
233.3%
Debt to equity ratio
US$7.63b
Debt
| Interest coverage ratio | 4.1x |
| Cash | US$178.93m |
| Equity | US$3.27b |
| Total liabilities | US$8.44b |
| Total assets | US$11.71b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TR7's short term assets ($2.3B) exceed its short term liabilities ($134.0M).
Long Term Liabilities: TR7's short term assets ($2.3B) do not cover its long term liabilities ($8.3B).
Debt to Equity History and Analysis
Debt Level: TR7's net debt to equity ratio (227.8%) is considered high.
Reducing Debt: TR7's debt to equity ratio has reduced from 312.2% to 233.3% over the past 5 years.
Debt Coverage: TR7's debt is not well covered by operating cash flow (19.1%).
Interest Coverage: TR7's interest payments on its debt are well covered by EBIT (4.1x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2023/10/04 18:50 |
| End of Day Share Price | 2023/09/28 00:00 |
| Earnings | 2023/06/30 |
| Annual Earnings | 2022/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Triton International Limited is covered by 10 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Kenneth Hoexter | BofA Global Research |
| Liam Burke | B. Riley Securities, Inc. |
| Robert Labick | CJS Securities, Inc. |