Trinity Capital Inc.

NasdaqGS:TRIN Stock Report

Market Cap: US$904.1m

Trinity Capital Balance Sheet Health

Financial Health criteria checks 0/6

Trinity Capital has a total shareholder equity of $823.0M and total debt of $877.7M, which brings its debt-to-equity ratio to 106.6%. Its total assets and total liabilities are $1.8B and $951.3M respectively. Trinity Capital's EBIT is $169.0M making its interest coverage ratio 2.7. It has cash and short-term investments of $9.6M.

Key information

106.6%

Debt to equity ratio

US$877.67m

Debt

Interest coverage ratio2.7x
CashUS$9.63m
EquityUS$822.98m
Total liabilitiesUS$951.26m
Total assetsUS$1.77b

Recent financial health updates

No updates

Recent updates

Buy Alert: Trinity Capital Now Offers A 14% Covered Yield

Apr 08

Yield Hunting Part 16: Trinity Capital's Baby Bonds And 7%-Plus Yield To Call

Mar 25

Trinity Capital: Q4 Earnings Reveal Improved Fundamentals

Mar 04

Yield Hunting Part 6: Trinity Capital Baby Bonds Still Have Some Alpha Left At 7.8%

Jan 29

Trinity Capital: An Improvement In Portfolio Quality (Ratings Upgrade)

Dec 27

Trinity Capital: Venture Capital Set For Boom, Why I'm Buying The 14.2% Dividend Yield

Nov 26

Trinity Capital: 14% Yield Is A Red Flag (Rating Downgrade)

Nov 19

Trinity Capital Vs. Hercules Capital: 2 BDC Venture Capital Kings, Only 1 Is A Buy

Nov 06

Trinity Capital: Is This 15% Yield Safe?

Oct 22

Trinity Capital: Weaker Distribution Coverage (Rating Downgrade)

Sep 28
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Diversified Growth Strategy And Expansion Boost Future Earnings And Investment Appeal

Sep 18 Diversifying into five business verticals enhances Trinity Capital's revenue streams and operational resilience by tapping into various sectors.

Trinity Capital: Positioned Well For A Post-High Interest Rate Environment

Sep 17

Trinity Capital: The 14.5% Yield Looks Sustainable In 2024

Aug 27

Trinity Capital: Still Not Seeing The Upside

Aug 18

Investors Holding Back On Trinity Capital Inc. (NASDAQ:TRIN)

Aug 11
Investors Holding Back On Trinity Capital Inc. (NASDAQ:TRIN)

Trinity Capital: A Growing BDC To Add To Your Portfolio As Sentiment Shifts (Rating Downgrade)

Jul 16

Trinity Capital: The 14% Yield Looks Sustainable In 2024

Jun 17

Trinity Capital: Trades At Smaller Premium Than Peers

Jun 03

Trinity Capital: I'm Buying This 13.8% Dividend Yield From American Venture Debt (Rating Upgrade)

May 04

Trinity Capital: Record Quarter, But Still Not Good Enough

Apr 28

Trinity Capital: This 14.3% Yield Looks To Be A Great Long-Term Buy For Income Investors

Apr 19

Trinity Capital And Blackstone Secured Lending: Delivering Yield To Investors

Mar 25

Trinity Capital: This 13% Yield Is Safer Than It Looks

Mar 18

Trinity Capital: Premium To Nav Has Come Down (Rating Upgrade)

Mar 07

Trinity Capital: What To Look Out For In This 14% Yielders Earnings

Feb 24

Trinity Capital: A 14% Yield That's Worth The Price Of Admission

Feb 03

Trinity Capital's Outperformance Is Likely To Continue In 2024 Against TriplePoint And S&P 500 (Rating Downgrade)

Jan 11

Financial Position Analysis

Short Term Liabilities: TRIN's short term assets ($27.3M) do not cover its short term liabilities ($59.4M).

Long Term Liabilities: TRIN's short term assets ($27.3M) do not cover its long term liabilities ($891.9M).

Debt to Equity History and Analysis

Debt Level: TRIN's net debt to equity ratio (105.5%) is considered high.

Reducing Debt: TRIN's debt to equity ratio has increased from 0% to 106.6% over the past 5 years.

Debt Coverage: TRIN's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: TRIN's interest payments on its debt are not well covered by EBIT (2.7x coverage).

Balance Sheet

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/04/16 22:03
End of Day Share Price 2025/04/16 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

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 Github.

Analyst Sources

Trinity Capital Inc. is covered by 8 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Bryce RoweB. Riley Securities, Inc.
Casey AlexanderCompass Point Research & Trading, LLC
Mitchel PennJanney Montgomery Scott LLC