Trinity Short Term Investments vs Net Debt Analysis

TRN Stock

USD 37.55 0.38 1.02%

Trinity Industries financial indicator trend analysis is much more than just breaking down Trinity Industries prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Trinity Industries is a good investment. Please check the relationship between Trinity Industries Short Term Investments and its Net Debt accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Trinity Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

To learn how to invest in Trinity Stock, please use our How to Invest in Trinity Industries guide.

Short Term Investments vs Net Debt

Short Term Investments vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Trinity Industries Short Term Investments account and Net Debt. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Trinity Industries' Short Term Investments and Net Debt is -0.59. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Net Debt in the same time period over historical financial statements of Trinity Industries, assuming nothing else is changed. The correlation between historical values of Trinity Industries' Short Term Investments and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Investments of Trinity Industries are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Short Term Investments i.e., Trinity Industries' Short Term Investments and Net Debt go up and down completely randomly.

Correlation Coefficient

-0.59

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Short Term Investments

Short Term Investments is an item under the current assets section of Trinity Industries balance sheet. It contains any investments Trinity Industries undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Trinity Industries can easily liquidate in the marketplace.

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Most indicators from Trinity Industries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Trinity Industries current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Trinity Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

To learn how to invest in Trinity Stock, please use our How to Invest in Trinity Industries guide.At this time, Trinity Industries' Selling General Administrative is very stable compared to the past year. As of the 25th of November 2024, Tax Provision is likely to grow to about 15.3 M, though Discontinued Operations is likely to grow to (17.4 M).

	2021	2022	2023	2024 (projected)
Interest Expense	191.4M	207.6M	265.5M	278.8M
Depreciation And Amortization	265.7M	276.4M	293.2M	147.0M

Interest Expense Depreciation And Amortization

Trinity Industries fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Accounts Payable	Property Plant And Equipment Gross	Other Liab	Other Assets	Long Term Debt
Total Assets		0.51	0.43	0.52	0.57	0.73	0.4	0.63	0.42	0.78	0.02	0.43	0.64	0.2	0.51	0.59	0.36	0.17	0.58	0.6	-0.08	0.53	0.49	0.42	0.14	0.51
Short Long Term Debt Total	0.51		-0.33	0.06	-0.18	0.92	0.99	-0.09	-0.33	0.88	-0.22	-0.35	0.23	-0.29	1.0	0.08	0.0	-0.5	0.99	-0.09	-0.12	0.62	0.97	0.78	-0.5	0.99
Other Current Liab	0.43	-0.33		0.85	0.66	-0.13	-0.45	0.57	0.8	-0.04	0.22	0.75	0.45	0.72	-0.35	0.65	0.67	0.74	-0.24	0.75	0.29	0.07	-0.42	-0.54	0.72	-0.34
Total Current Liabilities	0.52	0.06	0.85		0.65	0.2	-0.08	0.53	0.77	0.29	0.15	0.69	0.51	0.76	0.05	0.83	0.83	0.65	0.17	0.83	0.25	0.43	-0.06	-0.28	0.32	0.05
Total Stockholder Equity	0.57	-0.18	0.66	0.65		0.16	-0.32	0.97	0.88	0.29	0.34	0.92	0.56	0.75	-0.15	0.66	0.47	0.69	-0.07	0.88	-0.06	0.03	-0.16	-0.05	0.3	-0.15
Property Plant And Equipment Net	0.73	0.92	-0.13	0.2	0.16		0.87	0.27	-0.1	0.99	-0.08	-0.08	0.41	-0.05	0.93	0.2	0.09	-0.31	0.94	0.14	-0.17	0.53	0.92	0.8	-0.34	0.93
Net Debt	0.4	0.99	-0.45	-0.08	-0.32	0.87		-0.22	-0.48	0.81	-0.27	-0.49	0.14	-0.39	0.98	-0.06	-0.1	-0.61	0.96	-0.24	-0.14	0.57	0.96	0.78	-0.53	0.98
Retained Earnings	0.63	-0.09	0.57	0.53	0.97	0.27	-0.22		0.76	0.38	0.32	0.83	0.53	0.66	-0.07	0.53	0.33	0.54	-0.01	0.77	-0.13	-0.03	-0.06	0.09	0.31	-0.06
Cash	0.42	-0.33	0.8	0.77	0.88	-0.1	-0.48	0.76		0.03	0.33	0.98	0.47	0.74	-0.31	0.78	0.61	0.84	-0.22	0.94	0.18	0.12	-0.36	-0.35	0.34	-0.32
Non Current Assets Total	0.78	0.88	-0.04	0.29	0.29	0.99	0.81	0.38	0.03		-0.05	0.05	0.47	0.04	0.89	0.3	0.15	-0.21	0.91	0.26	-0.19	0.54	0.87	0.78	-0.3	0.89
Non Currrent Assets Other	0.02	-0.22	0.22	0.15	0.34	-0.08	-0.27	0.32	0.33	-0.05		0.3	0.19	0.52	-0.23	0.06	-0.07	0.32	-0.21	0.19	-0.03	-0.27	-0.24	-0.22	-0.04	-0.13
Cash And Short Term Investments	0.43	-0.35	0.75	0.69	0.92	-0.08	-0.49	0.83	0.98	0.05	0.3		0.46	0.72	-0.32	0.72	0.56	0.83	-0.23	0.93	0.09	0.05	-0.34	-0.28	0.34	-0.33
Net Receivables	0.64	0.23	0.45	0.51	0.56	0.41	0.14	0.53	0.47	0.47	0.19	0.46		0.41	0.26	0.48	0.35	0.39	0.32	0.62	0.03	0.2	0.26	0.16	0.08	0.25
Common Stock Shares Outstanding	0.2	-0.29	0.72	0.76	0.75	-0.05	-0.39	0.66	0.74	0.04	0.52	0.72	0.41		-0.28	0.52	0.65	0.77	-0.2	0.68	0.2	-0.08	-0.35	-0.41	0.3	-0.25
Non Current Liabilities Total	0.51	1.0	-0.35	0.05	-0.15	0.93	0.98	-0.07	-0.31	0.89	-0.23	-0.32	0.26	-0.28		0.11	0.01	-0.48	0.99	-0.06	-0.12	0.62	0.98	0.81	-0.55	0.99
Inventory	0.59	0.08	0.65	0.83	0.66	0.2	-0.06	0.53	0.78	0.3	0.06	0.72	0.48	0.52	0.11		0.76	0.63	0.2	0.9	0.08	0.66	0.0	-0.12	0.03	0.07
Other Current Assets	0.36	0.0	0.67	0.83	0.47	0.09	-0.1	0.33	0.61	0.15	-0.07	0.56	0.35	0.65	0.01	0.76		0.74	0.1	0.7	0.34	0.46	-0.1	-0.33	0.18	-0.03
Other Stockholder Equity	0.17	-0.5	0.74	0.65	0.69	-0.31	-0.61	0.54	0.84	-0.21	0.32	0.83	0.39	0.77	-0.48	0.63	0.74		-0.39	0.77	0.31	-0.04	-0.53	-0.54	0.34	-0.49
Total Liab	0.58	0.99	-0.24	0.17	-0.07	0.94	0.96	-0.01	-0.22	0.91	-0.21	-0.23	0.32	-0.2	0.99	0.2	0.1	-0.39		0.04	-0.09	0.67	0.96	0.77	-0.49	0.99
Total Current Assets	0.6	-0.09	0.75	0.83	0.88	0.14	-0.24	0.77	0.94	0.26	0.19	0.93	0.62	0.68	-0.06	0.9	0.7	0.77	0.04		0.12	0.34	-0.11	-0.16	0.2	-0.08
Short Term Debt	-0.08	-0.12	0.29	0.25	-0.06	-0.17	-0.14	-0.13	0.18	-0.19	-0.03	0.09	0.03	0.2	-0.12	0.08	0.34	0.31	-0.09	0.12		-0.07	-0.19	-0.31	0.13	-0.13
Accounts Payable	0.53	0.62	0.07	0.43	0.03	0.53	0.57	-0.03	0.12	0.54	-0.27	0.05	0.2	-0.08	0.62	0.66	0.46	-0.04	0.67	0.34	-0.07		0.51	0.25	-0.38	0.6
Property Plant And Equipment Gross	0.49	0.97	-0.42	-0.06	-0.16	0.92	0.96	-0.06	-0.36	0.87	-0.24	-0.34	0.26	-0.35	0.98	0.0	-0.1	-0.53	0.96	-0.11	-0.19	0.51		0.88	-0.54	0.97
Other Liab	0.42	0.78	-0.54	-0.28	-0.05	0.8	0.78	0.09	-0.35	0.78	-0.22	-0.28	0.16	-0.41	0.81	-0.12	-0.33	-0.54	0.77	-0.16	-0.31	0.25	0.88		-0.49	0.79
Other Assets	0.14	-0.5	0.72	0.32	0.3	-0.34	-0.53	0.31	0.34	-0.3	-0.04	0.34	0.08	0.3	-0.55	0.03	0.18	0.34	-0.49	0.2	0.13	-0.38	-0.54	-0.49		-0.53
Long Term Debt	0.51	0.99	-0.34	0.05	-0.15	0.93	0.98	-0.06	-0.32	0.89	-0.13	-0.33	0.25	-0.25	0.99	0.07	-0.03	-0.49	0.99	-0.08	-0.13	0.6	0.97	0.79	-0.53

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Trinity Industries Account Relationship Matchups

Trinity Industries fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	8.7B	8.7B	8.2B	8.7B	8.9B	4.5B
Short Long Term Debt Total	4.9B	5.1B	5.4B	5.6B	5.8B	6.0B
Other Current Liab	342.1M	314.7M	307.4M	261M	(31.2M)	(29.6M)
Total Current Liabilities	546M	471.1M	513.8M	548.5M	305.3M	524.5M
Total Stockholder Equity	2.0B	1.7B	1.0B	1.0B	1.0B	1.5B
Property Plant And Equipment Net	7.1B	7.0B	6.8B	6.9B	7.1B	7.5B
Net Debt	4.7B	4.9B	5.0B	5.5B	5.6B	5.9B
Retained Earnings	2.2B	1.8B	1.0B	992.6M	1.0B	1.2B
Cash	166.2M	132M	167.3M	79.6M	105.7M	100.4M
Non Current Assets Total	7.7B	7.5B	7.3B	7.5B	7.6B	8.0B
Non Currrent Assets Other	396.2M	295.2M	266.5M	(811.6M)	291.5M	189.3M
Cash And Short Term Investments	166.2M	132M	167.3M	79.6M	105.7M	100.4M
Net Receivables	274.8M	644.8M	233M	331.3M	368.7M	311.5M
Common Stock Shares Outstanding	127.3M	115.9M	103.8M	84.2M	83.4M	138.3M
Liabilities And Stockholders Equity	8.7B	8.7B	8.2B	8.7B	8.9B	4.5B
Non Current Liabilities Total	5.8B	6.2B	6.4B	6.9B	7.3B	7.7B
Inventory	433.4M	321.2M	432.9M	629.4M	684.3M	465.5M
Other Current Assets	111.4M	96.4M	135.1M	214.7M	129.4M	163.5M
Other Stockholder Equity	(900K)	(800K)	(600K)	(700K)	14.8M	14.1M
Total Liab	6.3B	6.7B	6.9B	7.5B	7.6B	8.0B
Total Current Assets	985.8M	1.2B	968.3M	1.3B	1.3B	1.1B
Short Term Debt	28M	45.2M	231.4M	242.1M	20.1M	19.1M
Accounts Payable	203.9M	156.4M	206.4M	287.5M	305.3M	218.6M
Property Plant And Equipment Gross	7.1B	9.2B	9.1B	9.3B	9.9B	10.3B
Accumulated Other Comprehensive Income	(153.1M)	(30.9M)	(17M)	19.7M	11M	11.6M
Other Liab	849.8M	1.1B	1.3B	1.2B	1.4B	1.4B
Other Assets	350.8M	178.4M	266.5M	214.7M	(2.4B)	(2.3B)
Long Term Debt	4.9B	5.0B	5.2B	5.0B	5.8B	6.0B
Common Stock Total Equity	1.3M	1.2M	1M	800K	720K	684K
Treasury Stock	(900K)	(800K)	(600K)	(700K)	(805K)	(845.3K)
Common Stock	1.3M	1.2M	1.1M	800K	720K	684K
Property Plant Equipment	7.1B	7.0B	6.8B	6.9B	7.9B	4.1B
Current Deferred Revenue	(28M)	(45.2M)	(231.4M)	1.1B	(673.2M)	(639.5M)
Net Tangible Assets	1.8B	1.5B	875.6M	816.5M	734.9M	698.1M
Noncontrolling Interest In Consolidated Entity	348.8M	277.2M	267M	257.2M	295.8M	301.2M
Retained Earnings Total Equity	2.2B	1.8B	1.0B	992.6M	1.1B	2.2B

Pair Trading with Trinity Industries

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Trinity Industries position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Trinity Industries will appreciate offsetting losses from the drop in the long position's value.

Moving together with Trinity Stock

0.83

BBU

Brookfield Business

Pair Corr

Moving against Trinity Stock

0.86	RUN	Sunrun Inc Aggressive Push	Pair Corr
0.73	WPRT	Westport Fuel Systems	Pair Corr
0.55	EFSH	1847 Holdings LLC	Pair Corr

The ability to find closely correlated positions to Trinity Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Trinity Industries when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Trinity Industries - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Trinity Industries to buy it.

The correlation of Trinity Industries is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Trinity Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Trinity Industries moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Trinity Industries can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Trinity Industries offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Trinity Industries' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Trinity Industries Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Trinity Industries Stock:

How To Invest In Trinity

Details

Is Trinity Stock a good investment?

Details

What is Trinity Industries' Net Worth?

Details

Largest Construction Machinery & Heavy Transportation Equipment Companies

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Trinity Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

To learn how to invest in Trinity Stock, please use our How to Invest in Trinity Industries guide.

You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.

Is Construction Machinery & Heavy Transportation Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Trinity Industries. If investors know Trinity will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Trinity Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.463

Dividend Share

1.12

Earnings Share

2.25

Revenue Per Share

39.739

Quarterly Revenue Growth

(0.03)

The market value of Trinity Industries is measured differently than its book value, which is the value of Trinity that is recorded on the company's balance sheet. Investors also form their own opinion of Trinity Industries' value that differs from its market value or its book value, called intrinsic value, which is Trinity Industries' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Trinity Industries' market value can be influenced by many factors that don't directly affect Trinity Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Trinity Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Trinity Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Trinity Industries' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Trinity Short Term Investments vs Net Debt Analysis

Short Term Investments vs Net Debt

Short Term Investments vs Net Debt Correlation Analysis

Correlation Coefficient

Short Term Investments

Net Debt

Trinity Industries fundamental ratios Correlations

Trinity Industries Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Trinity Industries fundamental ratios Accounts

Pair Trading with Trinity Industries

Moving together with Trinity Stock

Moving against Trinity Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Net Debt	+ 0.99	Short Long Term Debt Total
Total Liab	+ 0.99	Short Long Term Debt Total
Long Term Debt	+ 0.99	Short Long Term Debt Total
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Total Liab	+ 0.99	Non Current Liabilities Total

Other Stockholder Equity	- 0.61	Net Debt
Other Assets	- 0.55	Non Current Liabilities Total
Other Assets	- 0.54	Property Plant And Equipment Gross
Other Liab	- 0.54	Other Stockholder Equity
Other Liab	- 0.54	Other Current Liab
Long Term Debt	- 0.53	Other Assets