Trinity Capital Balance Sheet Health
Financial Health criteria checks 0/6
Trinity Capital has a total shareholder equity of $756.8M and total debt of $912.6M, which brings its debt-to-equity ratio to 120.6%. Its total assets and total liabilities are $1.7B and $978.0M respectively. Trinity Capital's EBIT is $152.6M making its interest coverage ratio 2.9. It has cash and short-term investments of $8.5M.
Key information
120.6%
Debt to equity ratio
US$912.59m
Debt
| Interest coverage ratio | 2.9x |
| Cash | US$8.54m |
| Equity | US$756.80m |
| Total liabilities | US$977.97m |
| Total assets | US$1.73b |
Recent financial health updates
No updates
Recent updates
Trinity Capital: 14% Yield Is A Red Flag (Rating Downgrade)
Nov 19Trinity Capital Vs. Hercules Capital: 2 BDC Venture Capital Kings, Only 1 Is A Buy
Nov 06Trinity Capital: Is This 15% Yield Safe?
Oct 22Trinity Capital: Weaker Distribution Coverage (Rating Downgrade)
Sep 28Trinity Capital: Positioned Well For A Post-High Interest Rate Environment
Sep 17Trinity Capital: The 14.5% Yield Looks Sustainable In 2024
Aug 27Trinity Capital: Still Not Seeing The Upside
Aug 18Investors Holding Back On Trinity Capital Inc. (NASDAQ:TRIN)
Aug 11
Trinity Capital: A Growing BDC To Add To Your Portfolio As Sentiment Shifts (Rating Downgrade)
Jul 16Trinity Capital: The 14% Yield Looks Sustainable In 2024
Jun 17Trinity Capital: Trades At Smaller Premium Than Peers
Jun 03Trinity Capital: I'm Buying This 13.8% Dividend Yield From American Venture Debt (Rating Upgrade)
May 04Trinity Capital: Record Quarter, But Still Not Good Enough
Apr 28Trinity 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 14Financial Position Analysis
Short Term Liabilities: TRIN's short term assets ($26.7M) do not cover its short term liabilities ($50.3M).
Long Term Liabilities: TRIN's short term assets ($26.7M) do not cover its long term liabilities ($927.7M).
Debt to Equity History and Analysis
Debt Level: TRIN's net debt to equity ratio (119.5%) 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).