TriMas Balance Sheet Health
Financial Health criteria checks 3/6
TriMas has a total shareholder equity of $683.0M and total debt of $402.2M, which brings its debt-to-equity ratio to 58.9%. Its total assets and total liabilities are $1.3B and $658.7M respectively. TriMas's EBIT is $77.8M making its interest coverage ratio 4.9. It has cash and short-term investments of $34.9M.
Key information
58.9%
Debt to equity ratio
US$402.17m
Debt
| Interest coverage ratio | 4.9x |
| Cash | US$34.89m |
| Equity | US$682.95m |
| Total liabilities | US$658.71m |
| Total assets | US$1.34b |
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 24Is TriMas (NASDAQ:TRS) Using Too Much Debt?
Aug 10Recent updates
Returns 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 28The Return Trends At TriMas (NASDAQ:TRS) Look Promising
Sep 09Is TriMas (NASDAQ:TRS) Using Too Much Debt?
Aug 10TriMas Corporation's (NASDAQ:TRS) Intrinsic Value Is Potentially 85% Above Its Share Price
Jul 14Returns On Capital At TriMas (NASDAQ:TRS) Have Hit The Brakes
Jun 02TriMas' CFO retires, Scott Mell picked as CFO
Apr 28Is TriMas (NASDAQ:TRS) Using Too Much Debt?
Apr 16Is TriMas Corporation (NASDAQ:TRS) Trading At A 35% Discount?
Mar 26The Chief Compliance Officer of TriMas Corporation (NASDAQ:TRS), Joshua Sherbin, Just Sold 52% Of Their Holding
Mar 05Financial Position Analysis
Short Term Liabilities: TRS's short term assets ($397.4M) exceed its short term liabilities ($159.5M).
Long Term Liabilities: TRS's short term assets ($397.4M) do not cover its long term liabilities ($499.3M).
Debt to Equity History and Analysis
Debt Level: TRS's net debt to equity ratio (53.8%) is considered high.
Reducing Debt: TRS's debt to equity ratio has increased from 47.3% to 58.9% over the past 5 years.
Debt Coverage: TRS's debt is well covered by operating cash flow (21.9%).
Interest Coverage: TRS's interest payments on its debt are well covered by EBIT (4.9x coverage).