Trinity Industries annual debt-to-equity ratio
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2025
Trinity Industries Debt-to-Equity Ratio Growth & History (TRN)
Trinity Industries's debt-to-equity ratio was 5.15 for fiscal 2025.
View full Trinity Industries company overviewTrinity Industries annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 5.15 | −0.33 | −6.02% |
| 2024 | 2024-12-31 | 5.48 | −0.18 | −3.19% |
| 2023 | 2023-12-31 | 5.66 | 4.93 | +675.82% |
| 2022 | 2022-12-31 | 0.73 | 0.24 | +48.83% |
| 2021 | 2021-12-31 | 0.49 | 0.18 | +56.43% |
| 2020 | 2020-12-31 | 0.31 | 0.03 | +12.12% |
| 2019 | 2019-12-31 | 0.28 | 0.10 | +55.54% |
| 2018 | 2018-12-31 | 0.18 | −0.01 | −6.60% |
| 2017 | 2017-12-31 | 0.19 | −0.02 | −11.34% |
| 2016 | 2016-12-31 | 0.22 | −0.01 | −5.20% |
| 2015 | 2015-12-31 | 0.23 | −0.05 | −16.70% |
| 2014 | 2014-12-31 | 0.27 | −0.97 | −77.91% |
| 2013 | 2013-12-31 | 1.24 | −0.24 | −16.36% |
| 2012 | 2012-12-31 | 1.49 | −0.11 | −6.69% |
| 2011 | 2011-12-31 | 1.59 | −0.05 | −3.21% |
| 2010 | 2010-12-31 | 1.65 | 0.64 | +63.48% |
| 2009 | 2009-12-31 | 1.01 | — | — |
Trinity Industries quarterly debt-to-equity ratio
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Q2.10
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Q1.12
Q2.12
Q3.12
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Q2.24
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Q2.25
Q3.25
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Q1.26
Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 4.57 | −1.23 | −21.22% |
| Q1 2026 | 2026-03-31 | 4.99 | −0.34 | −6.44% |
| Q4 2025 | 2025-12-31 | 5.15 | −0.33 | −6.02% |
| Q3 2025 | 2025-09-30 | 5.94 | 0.44 | +8.02% |
| Q2 2025 | 2025-06-30 | 5.80 | 0.32 | +5.85% |
| Q1 2025 | 2025-03-31 | 5.33 | −0.37 | −6.51% |
| Q4 2024 | 2024-12-31 | 5.48 | −0.18 | −3.19% |
| Q3 2024 | 2024-09-30 | 5.50 | −0.39 | −6.63% |
| Q2 2024 | 2024-06-30 | 5.48 | −0.49 | −8.24% |
| Q1 2024 | 2024-03-31 | 5.70 | −0.15 | −2.55% |
| Q4 2023 | 2023-12-31 | 5.66 | 4.93 | +675.82% |
| Q3 2023 | 2023-09-30 | 5.89 | 5.32 | +936.93% |
| Q2 2023 | 2023-06-30 | 5.98 | 5.34 | +842.50% |
| Q1 2023 | 2023-03-31 | 5.85 | 5.31 | +976.52% |
| Q4 2022 | 2022-12-31 | 0.73 | 0.24 | +48.83% |
| Q3 2022 | 2022-09-30 | 0.57 | 0.18 | +46.82% |
| Q2 2022 | 2022-06-30 | 0.63 | 0.23 | +56.16% |
| Q1 2022 | 2022-03-31 | 0.54 | 0.24 | +80.99% |
| Q4 2021 | 2021-12-31 | 0.49 | 0.18 | +56.43% |
| Q3 2021 | 2021-09-30 | 0.39 | 0.05 | +14.64% |
| Q2 2021 | 2021-06-30 | 0.41 | 0.08 | +24.41% |
| Q1 2021 | 2021-03-31 | 0.30 | 0.03 | +11.28% |
| Q4 2020 | 2020-12-31 | 0.31 | 0.03 | +12.12% |
| Q3 2020 | 2020-09-30 | 0.34 | 0.09 | +37.25% |
| Q2 2020 | 2020-06-30 | 0.33 | 0.12 | +59.85% |
| Q1 2020 | 2020-03-31 | 0.27 | −0.04 | −13.65% |
| Q4 2019 | 2019-12-31 | 0.28 | 0.10 | +55.54% |
| Q3 2019 | 2019-09-30 | 0.25 | 0.15 | +148.44% |
| Q2 2019 | 2019-06-30 | 0.20 | 0.11 | +107.69% |
| Q1 2019 | 2019-03-31 | 0.31 | 0.12 | +60.71% |
| Q4 2018 | 2018-12-31 | 0.18 | −0.01 | −6.60% |
| Q3 2018 | 2018-09-30 | 0.10 | −0.12 | −54.28% |
| Q2 2018 | 2018-06-30 | 0.10 | −0.12 | −55.03% |
| Q1 2018 | 2018-03-31 | 0.19 | −0.02 | −9.92% |
| Q4 2017 | 2017-12-31 | 0.19 | −0.02 | −11.34% |
| Q3 2017 | 2017-09-30 | 0.22 | −0.00 | −1.40% |
| Q2 2017 | 2017-06-30 | 0.22 | −0.00 | −2.01% |
| Q1 2017 | 2017-03-31 | 0.22 | −0.01 | −4.60% |
| Q4 2016 | 2016-12-31 | 0.22 | −0.01 | −5.20% |
| Q3 2016 | 2016-09-30 | 0.22 | −0.02 | −9.38% |
| Q2 2016 | 2016-06-30 | 0.22 | −0.79 | −77.96% |
| Q1 2016 | 2016-03-31 | 0.23 | −0.88 | −79.53% |
| Q4 2015 | 2015-12-31 | 0.23 | −0.05 | −16.70% |
| Q3 2015 | 2015-09-30 | 0.24 | −1.00 | −80.46% |
| Q2 2015 | 2015-06-30 | 1.01 | −0.16 | −13.62% |
| Q1 2015 | 2015-03-31 | 1.11 | −0.02 | −1.41% |
| Q4 2014 | 2014-12-31 | 0.27 | −0.97 | −77.91% |
| Q3 2014 | 2014-09-30 | 1.24 | −0.09 | −7.10% |
| Q2 2014 | 2014-06-30 | 1.17 | −0.15 | −11.28% |
| Q1 2014 | 2014-03-31 | 1.12 | −0.27 | −19.35% |
| Q4 2013 | 2013-12-31 | 1.24 | −0.24 | −16.36% |
| Q3 2013 | 2013-09-30 | 1.33 | −0.15 | −10.29% |
| Q2 2013 | 2013-06-30 | 1.32 | −0.18 | −11.79% |
| Q1 2013 | 2013-03-31 | 1.39 | −0.13 | −8.77% |
| Q4 2012 | 2012-12-31 | 1.49 | −0.11 | −6.69% |
| Q3 2012 | 2012-09-30 | 1.49 | −0.13 | −8.19% |
| Q2 2012 | 2012-06-30 | 1.50 | −0.10 | −6.08% |
| Q1 2012 | 2012-03-31 | 1.52 | −0.07 | −4.57% |
| Q4 2011 | 2011-12-31 | 1.59 | −0.05 | −3.21% |
| Q3 2011 | 2011-09-30 | 1.62 | −0.01 | −0.87% |
| Q2 2011 | 2011-06-30 | 1.59 | −0.09 | −5.17% |
| Q1 2011 | 2011-03-31 | 1.60 | — | — |
| Q4 2010 | 2010-12-31 | 1.65 | 0.64 | +63.48% |
| Q3 2010 | 2010-09-30 | 1.63 | — | — |
| Q2 2010 | 2010-06-30 | 1.68 | — | — |
| Q4 2009 | 2009-12-31 | 1.01 | — | — |
Trinity Industries debt-to-equity ratio trends
Over the last five fiscal years, Trinity Industries's debt-to-equity ratio increased from 0.31 to 5.15, a change of 4.84. The latest reported quarter, Q2 2026, shows 4.57.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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