Trinity Capital annual net debt
2020
2021
2022
2023
2024
2025
Trinity Capital Net Debt Growth & History (TRIN)
Trinity Capital's net debt was $1.29B for fiscal 2025.
View full Trinity Capital company overviewTrinity Capital annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $1.29B | $410.6M | +46.45% |
| 2024 | 2024-12-31 | $884.1M | $237.9M | +36.82% |
| 2023 | 2023-12-31 | $646.1M | $34.5M | +5.63% |
| 2022 | 2022-12-31 | $611.7M | $174.7M | +39.97% |
| 2021 | 2021-12-31 | $437.0M | $171.7M | +64.70% |
| 2020 | 2020-12-31 | $265.3M | — | — |
Trinity Capital quarterly net debt
Q4.21
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $1.50B | $459.1M | +44.12% |
| Q1 2026 | 2026-03-31 | $1.35B | $382.6M | +39.63% |
| Q4 2025 | 2025-12-31 | $1.29B | $410.6M | +46.45% |
| Q3 2025 | 2025-09-30 | $1.18B | $261.4M | +28.41% |
| Q2 2025 | 2025-06-30 | $1.04B | $308.8M | +42.19% |
| Q1 2025 | 2025-03-31 | $965.3M | $234.3M | +32.05% |
| Q4 2024 | 2024-12-31 | $884.1M | $237.9M | +36.82% |
| Q3 2024 | 2024-09-30 | $920.0M | $392.2M | +74.31% |
| Q2 2024 | 2024-06-30 | $731.8M | $77.0M | +11.75% |
| Q1 2024 | 2024-03-31 | $731.0M | $120.7M | +19.77% |
| Q4 2023 | 2023-12-31 | $646.1M | $34.5M | +5.63% |
| Q3 2023 | 2023-09-30 | $527.8M | −$10.5M | −1.95% |
| Q2 2023 | 2023-06-30 | $654.8M | — | — |
| Q1 2023 | 2023-03-31 | $610.4M | — | — |
| Q4 2022 | 2022-12-31 | $611.7M | $640.7M | — |
| Q3 2022 | 2022-09-30 | $538.3M | — | — |
| Q4 2021 | 2021-12-31 | −$29.0M | — | — |
Trinity Capital net debt trends
Over the last five fiscal years, Trinity Capital's net debt increased from $265.3M to $1.29B, a change of $1.03B. The latest reported quarter, Q2 2026, shows $1.50B.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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