TriMas Balance Sheet Health
Financial Health criteria checks 1/6
TriMas has a total shareholder equity of $682.8M and total debt of $420.3M, which brings its debt-to-equity ratio to 61.6%. Its total assets and total liabilities are $1.4B and $685.1M respectively. TriMas's EBIT is $55.9M making its interest coverage ratio 2.9. It has cash and short-term investments of $26.9M.
Key information
61.6%
Debt to equity ratio
US$420.25m
Debt
| Interest coverage ratio | 2.9x |
| Cash | US$26.91m |
| Equity | US$682.75m |
| Total liabilities | US$685.08m |
| Total assets | US$1.37b |
Recent financial health updates
Here's Why TriMas (NASDAQ:TRS) Has A Meaningful Debt Burden
Jun 07
Is TriMas (NASDAQ:TRS) Using Too Much Debt?
Feb 01TriMas (NASDAQ:TRS) Has A Somewhat Strained Balance Sheet
Aug 27Does TriMas (NASDAQ:TRS) Have A Healthy Balance Sheet?
May 09Is TriMas (NASDAQ:TRS) Using Too Much Debt?
Jan 24Recent updates
TriMas Corporation (NASDAQ:TRS) Analysts Are Pretty Bullish On The Stock After Recent Results
Nov 07TriMas (NASDAQ:TRS) Has Some Difficulty Using Its Capital Effectively
Aug 30It's Unlikely That The CEO Of TriMas Corporation (NASDAQ:TRS) Will See A Huge Pay Rise This Year
May 08Returns On Capital Signal Tricky Times Ahead For TriMas (NASDAQ:TRS)
Apr 25TriMas Corporation's (NASDAQ:TRS) Share Price Matching Investor Opinion
Mar 01Investors Could Be Concerned With TriMas' (NASDAQ:TRS) Returns On Capital
Sep 07Here's Why TriMas (NASDAQ:TRS) Has A Meaningful Debt Burden
Jun 07TriMas (NASDAQ:TRS) Will Be Hoping To Turn Its Returns On Capital Around
Apr 27Do TriMas' (NASDAQ:TRS) Earnings Warrant Your Attention?
Feb 24Is TriMas (NASDAQ:TRS) Using Too Much Debt?
Feb 01A Look At The Intrinsic Value Of TriMas Corporation (NASDAQ:TRS)
Dec 06Returns On Capital At TriMas (NASDAQ:TRS) Have Stalled
Oct 24Trimas declares $0.04 dividend
Oct 20TriMas (NASDAQ:TRS) Has A Somewhat Strained Balance Sheet
Aug 27TriMas: This Supplier Has Big Upside
Aug 20Trimas Non-GAAP EPS in-line, revenue misses estimates
Jul 28Trimas declares $0.04 dividend
Jul 21Does TriMas (NASDAQ:TRS) Have A Healthy Balance Sheet?
May 09There's Been No Shortage Of Growth Recently For TriMas' (NASDAQ:TRS) Returns On Capital
Apr 12Is TriMas (NASDAQ:TRS) Using Too Much Debt?
Jan 24We Like These Underlying Return On Capital Trends At TriMas (NASDAQ:TRS)
Dec 28Financial Position Analysis
Short Term Liabilities: TRS's short term assets ($435.3M) exceed its short term liabilities ($154.0M).
Long Term Liabilities: TRS's short term assets ($435.3M) do not cover its long term liabilities ($531.1M).
Debt to Equity History and Analysis
Debt Level: TRS's net debt to equity ratio (57.6%) is considered high.
Reducing Debt: TRS's debt to equity ratio has increased from 44.5% to 61.6% over the past 5 years.
Debt Coverage: TRS's debt is not well covered by operating cash flow (16%).
Interest Coverage: TRS's interest payments on its debt are not well covered by EBIT (2.9x coverage).