TriMas Income Quality vs Interest Coverage Analysis

TRS Stock

USD 24.59 0.05 0.20%

TriMas financial indicator trend analysis is much more than just breaking down TriMas prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether TriMas is a good investment. Please check the relationship between TriMas Income Quality and its Interest Coverage accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TriMas. 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.

For more information on how to buy TriMas Stock please use our How to Invest in TriMas guide.

Income Quality vs Interest Coverage

Income Quality vs Interest Coverage Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of TriMas Income Quality account and Interest Coverage. At this time, the significance of the direction appears to have strong relationship.

The correlation between TriMas' Income Quality and Interest Coverage is 0.6. Overlapping area represents the amount of variation of Income Quality that can explain the historical movement of Interest Coverage in the same time period over historical financial statements of TriMas, assuming nothing else is changed. The correlation between historical values of TriMas' Income Quality and Interest Coverage is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Quality of TriMas are associated (or correlated) with its Interest Coverage. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Coverage has no effect on the direction of Income Quality i.e., TriMas' Income Quality and Interest Coverage go up and down completely randomly.

Correlation Coefficient

0.6

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Income Quality

An assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure.

Interest Coverage

Most indicators from TriMas' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into TriMas 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 TriMas. 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.

For more information on how to buy TriMas Stock please use our How to Invest in TriMas guide.At this time, TriMas' Selling General Administrative is comparatively stable compared to the past year. Discontinued Operations is likely to gain to about 44.3 M in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.11 in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	217.2M	208.3M	201.3M	252.4M
Total Revenue	857.1M	883.8M	893.6M	948.7M

Gross Profit Total Revenue

TriMas fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock
Total Assets		0.72	0.64	0.66	0.64	0.55	0.48	0.63	-0.12	0.62	-0.06	0.95	-0.61	-0.06	0.83	0.51	0.57	0.74	0.73	0.2	0.68	0.73	0.32	0.81	-0.1	0.44
Short Long Term Debt Total	0.72		0.65	0.66	0.11	0.32	0.26	0.91	-0.25	0.61	-0.16	0.68	-0.34	-0.16	0.67	0.02	0.13	0.93	0.58	0.26	0.26	0.84	0.14	0.59	-0.2	-0.06
Other Current Liab	0.64	0.65		0.96	-0.05	-0.06	0.03	0.7	-0.59	0.94	-0.36	0.45	-0.19	-0.36	0.9	0.03	0.05	0.85	0.92	0.1	0.34	0.87	-0.17	0.82	-0.08	0.07
Total Current Liabilities	0.66	0.66	0.96		-0.09	-0.06	0.23	0.72	-0.57	0.99	-0.37	0.48	-0.31	-0.37	0.93	-0.03	0.02	0.86	0.95	0.08	0.33	0.94	0.0	0.84	-0.15	-0.01
Total Stockholder Equity	0.64	0.11	-0.05	-0.09		0.66	0.32	-0.03	0.29	-0.12	0.27	0.7	-0.5	0.27	0.24	0.85	0.83	0.0	0.11	0.06	0.69	-0.06	0.27	0.29	0.06	0.77
Property Plant And Equipment Net	0.55	0.32	-0.06	-0.06	0.66		0.52	0.15	0.52	-0.11	0.3	0.62	-0.3	0.3	0.2	0.37	0.25	0.22	0.02	0.39	0.19	0.12	0.63	0.25	-0.15	0.08
Current Deferred Revenue	0.48	0.26	0.03	0.23	0.32	0.52		0.3	0.18	0.2	-0.15	0.57	-0.58	-0.15	0.34	0.31	0.21	0.22	0.27	0.28	0.27	0.34	0.89	0.24	0.0	0.0
Net Debt	0.63	0.91	0.7	0.72	-0.03	0.15	0.3		-0.36	0.65	-0.56	0.63	-0.26	-0.56	0.7	0.07	0.09	0.89	0.69	0.13	0.24	0.84	0.14	0.46	-0.06	-0.03
Retained Earnings	-0.12	-0.25	-0.59	-0.57	0.29	0.52	0.18	-0.36		-0.62	0.38	0.02	0.38	0.38	-0.45	0.04	-0.12	-0.42	-0.52	-0.1	-0.45	-0.42	0.57	-0.33	-0.18	-0.13
Accounts Payable	0.62	0.61	0.94	0.99	-0.12	-0.11	0.2	0.65	-0.62		-0.33	0.41	-0.32	-0.33	0.92	-0.05	0.0	0.82	0.94	0.04	0.33	0.9	-0.05	0.85	-0.14	-0.03
Cash	-0.06	-0.16	-0.36	-0.37	0.27	0.3	-0.15	-0.56	0.38	-0.33		-0.13	-0.07	1.0	-0.33	-0.15	0.04	-0.25	-0.48	0.23	-0.08	-0.31	0.0	0.1	-0.27	-0.06
Non Current Assets Total	0.95	0.68	0.45	0.48	0.7	0.62	0.57	0.63	0.02	0.41	-0.13		-0.62	-0.13	0.68	0.59	0.65	0.62	0.58	0.22	0.67	0.61	0.44	0.59	-0.02	0.5
Non Currrent Assets Other	-0.61	-0.34	-0.19	-0.31	-0.5	-0.3	-0.58	-0.26	0.38	-0.32	-0.07	-0.62		-0.07	-0.43	-0.45	-0.67	-0.32	-0.33	-0.32	-0.81	-0.35	-0.24	-0.43	-0.19	-0.42
Cash And Short Term Investments	-0.06	-0.16	-0.36	-0.37	0.27	0.3	-0.15	-0.56	0.38	-0.33	1.0	-0.13	-0.07		-0.33	-0.15	0.04	-0.25	-0.48	0.23	-0.08	-0.31	0.0	0.1	-0.27	-0.06
Net Receivables	0.83	0.67	0.9	0.93	0.24	0.2	0.34	0.7	-0.45	0.92	-0.33	0.68	-0.43	-0.33		0.28	0.25	0.83	0.97	0.07	0.53	0.86	0.11	0.9	-0.1	0.21
Common Stock Total Equity	0.51	0.02	0.03	-0.03	0.85	0.37	0.31	0.07	0.04	-0.05	-0.15	0.59	-0.45	-0.15	0.28		0.85	-0.06	0.23	-0.09	0.75	-0.1	0.14	0.16	0.24	0.87
Common Stock Shares Outstanding	0.57	0.13	0.05	0.02	0.83	0.25	0.21	0.09	-0.12	0.0	0.04	0.65	-0.67	0.04	0.25	0.85		0.03	0.19	-0.03	0.9	0.0	0.0	0.23	0.28	0.93
Non Current Liabilities Total	0.74	0.93	0.85	0.86	0.0	0.22	0.22	0.89	-0.42	0.82	-0.25	0.62	-0.32	-0.25	0.83	-0.06	0.03		0.77	0.27	0.27	0.95	0.06	0.75	-0.2	-0.1
Inventory	0.73	0.58	0.92	0.95	0.11	0.02	0.27	0.69	-0.52	0.94	-0.48	0.58	-0.33	-0.48	0.97	0.23	0.19	0.77		-0.08	0.47	0.85	0.03	0.82	-0.07	0.21
Other Current Assets	0.2	0.26	0.1	0.08	0.06	0.39	0.28	0.13	-0.1	0.04	0.23	0.22	-0.32	0.23	0.07	-0.09	-0.03	0.27	-0.08		0.12	0.21	0.21	0.12	-0.07	-0.19
Other Stockholder Equity	0.68	0.26	0.34	0.33	0.69	0.19	0.27	0.24	-0.45	0.33	-0.08	0.67	-0.81	-0.08	0.53	0.75	0.9	0.27	0.47	0.12		0.27	-0.07	0.47	0.23	0.83
Total Liab	0.73	0.84	0.87	0.94	-0.06	0.12	0.34	0.84	-0.42	0.9	-0.31	0.61	-0.35	-0.31	0.86	-0.1	0.0	0.95	0.85	0.21	0.27		0.17	0.79	-0.19	-0.11
Property Plant And Equipment Gross	0.32	0.14	-0.17	0.0	0.27	0.63	0.89	0.14	0.57	-0.05	0.0	0.44	-0.24	0.0	0.11	0.14	0.0	0.06	0.03	0.21	-0.07	0.17		0.07	-0.09	-0.18
Total Current Assets	0.81	0.59	0.82	0.84	0.29	0.25	0.24	0.46	-0.33	0.85	0.1	0.59	-0.43	0.1	0.9	0.16	0.23	0.75	0.82	0.12	0.47	0.79	0.07		-0.24	0.16
Short Term Debt	-0.1	-0.2	-0.08	-0.15	0.06	-0.15	0.0	-0.06	-0.18	-0.14	-0.27	-0.02	-0.19	-0.27	-0.1	0.24	0.28	-0.2	-0.07	-0.07	0.23	-0.19	-0.09	-0.24		0.29
Common Stock	0.44	-0.06	0.07	-0.01	0.77	0.08	0.0	-0.03	-0.13	-0.03	-0.06	0.5	-0.42	-0.06	0.21	0.87	0.93	-0.1	0.21	-0.19	0.83	-0.11	-0.18	0.16	0.29

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TriMas Account Relationship Matchups

TriMas fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.2B	1.2B	1.3B	1.3B	1.3B	1.2B
Short Long Term Debt Total	322.9M	384.6M	445.7M	444.0M	443.3M	368.3M
Other Current Liab	42.0M	53.8M	59.0M	46.7M	51.7M	46.1M
Total Current Liabilities	119.8M	137.2M	154.9M	140.2M	159.5M	180.4M
Total Stockholder Equity	697.5M	584.3M	630.9M	651.8M	683.0M	435.0M
Property Plant And Equipment Net	242.2M	290.9M	316.3M	325.0M	373.2M	231.4M
Net Debt	150.4M	310.7M	305.0M	331.9M	408.4M	325.8M
Retained Earnings	(79.9M)	(159.6M)	(102.3M)	(36.1M)	4.2M	4.4M
Accounts Payable	72.7M	69.9M	87.8M	85.2M	91.9M	101.3M
Cash	172.5M	74.0M	140.7M	112.1M	34.9M	58.4M
Non Current Assets Total	758.7M	842.1M	871.9M	882.3M	944.3M	862.0M
Non Currrent Assets Other	15.5M	21.4M	26.0M	20.0M	16.1M	15.2M
Cash And Short Term Investments	172.5M	74.0M	140.7M	112.1M	34.9M	58.4M
Net Receivables	108.9M	113.4M	125.6M	132.4M	148.0M	121.0M
Common Stock Shares Outstanding	45.6M	43.6M	43.3M	42.5M	41.7M	40.5M
Liabilities And Stockholders Equity	1.2B	1.2B	1.3B	1.3B	1.3B	1.2B
Non Current Liabilities Total	375.4M	472.4M	517.9M	513.0M	499.3M	444.1M
Inventory	132.7M	149.4M	152.5M	163.4M	192.5M	173.2M
Other Current Assets	20.1M	30.2M	25.9M	14.8M	22.0M	18.8M
Other Stockholder Equity	782.9M	749.1M	732.5M	696.2M	677.7M	586.7M
Total Liab	495.2M	609.6M	672.8M	653.2M	658.7M	762.7M
Property Plant And Equipment Gross	242.2M	253.1M	316.3M	325.0M	677.4M	711.2M
Total Current Assets	434.0M	351.8M	431.8M	422.7M	397.4M	380.0M
Accumulated Other Comprehensive Income	(6M)	(5.6M)	230K	(8.6M)	650K	617.5K
Other Assets	20.5M	78.8M	43.4M	29.4M	33.8M	38.0M
Intangible Assets	161.4M	206.2M	196.7M	188.1M	181.0M	172.1M
Other Liab	57.6M	94.5M	80.3M	70.2M	80.7M	63.3M
Long Term Debt	294.7M	346.3M	393.8M	394.7M	395.7M	387.9M
Good Will	334.6M	304.0M	315.5M	339.8M	363.8M	305.3M
Property Plant Equipment	214.3M	253.1M	316.3M	277.8M	319.4M	224.7M
Net Tangible Assets	201.5M	74.1M	118.6M	123.9M	142.5M	149.6M
Retained Earnings Total Equity	(79.9M)	(159.6M)	(102.3M)	(36.1M)	(41.5M)	(43.6M)
Long Term Debt Total	294.7M	346.3M	393.8M	394.7M	355.3M	287.9M
Capital Surpluse	782.9M	749.1M	732.5M	696.2M	800.6M	822.1M

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