Trinity Capital Balance Sheet Health
Financial Health criteria checks 0/6
Trinity Capital has a total shareholder equity of $611.2M and total debt of $639.6M, which brings its debt-to-equity ratio to 104.7%. Its total assets and total liabilities are $1.3B and $699.8M respectively. Trinity Capital's EBIT is $129.7M making its interest coverage ratio 2.9. It has cash and short-term investments of $4.8M.
Key information
104.7%
Debt to equity ratio
US$639.61m
Debt
| Interest coverage ratio | 2.9x |
| Cash | US$4.76m |
| Equity | US$611.16m |
| Total liabilities | US$699.82m |
| Total assets | US$1.31b |
Recent financial health updates
No updates
Recent updates
Trinity Capital: This 14.3% Yield Looks To Be A Great Long-Term Buy For Income Investors
Apr 19Trinity Capital And Blackstone Secured Lending: Delivering Yield To Investors
Mar 25Trinity Capital: This 13% Yield Is Safer Than It Looks
Mar 18Trinity Capital: Premium To Nav Has Come Down (Rating Upgrade)
Mar 07Trinity Capital: What To Look Out For In This 14% Yielders Earnings
Feb 24Trinity Capital: A 14% Yield That's Worth The Price Of Admission
Feb 03Trinity Capital's Outperformance Is Likely To Continue In 2024 Against TriplePoint And S&P 500 (Rating Downgrade)
Jan 11Trinity Capital: 14% Yield, -11% Discount, Strong Growth
Oct 07Trinity Capital declines dividends by-66.7% to $0.15/shares
Sep 30Trinity Capital raises quarterly dividend ~7% to $0.45, declares supplemental cash dividend of $0.15
Sep 16Trinity Capital: Selling At The Money Put Options Can Be Attractive
Aug 30Trinity Capital: A Perfect Time To Buy For Hefty Gains
Aug 14Trinity Capital prices additional $50M notes due 2025
Jul 20Trinity Capital: A Year Of Specials While Waiting For A Rebound
May 30Trinity Capital: A Look At This 11.8% Yielding BDC With Income Tailwinds
Mar 28Financial Position Analysis
Short Term Liabilities: TRIN's short term assets ($19.2M) do not cover its short term liabilities ($43.4M).
Long Term Liabilities: TRIN's short term assets ($19.2M) do not cover its long term liabilities ($656.4M).
Debt to Equity History and Analysis
Debt Level: TRIN's net debt to equity ratio (103.9%) is considered high.
Reducing Debt: Insufficient data to determine if TRIN's debt to equity ratio has reduced 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 (2.9x coverage).