Trinity Capital Inc (TRIN) - Net Assets
Based on the latest financial reports, Trinity Capital Inc (TRIN) has net assets worth $998.26 Million USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.25 Billion) and total liabilities ($1.25 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check how resilient are Trinity Capital Inc's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $998.26 Million |
| % of Total Assets | 44.43% |
| Annual Growth Rate | N/A |
| 5-Year Change | 244.71% |
| 10-Year Change | N/A |
| Growth Volatility | 30.26 |
Trinity Capital Inc - Net Assets Trend (2019–2024)
This chart illustrates how Trinity Capital Inc's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Trinity Capital Inc for the complete picture of this company's asset base.
Annual Net Assets for Trinity Capital Inc (2019–2024)
The table below shows the annual net assets of Trinity Capital Inc from 2019 to 2024. For live valuation and market cap data, see Trinity Capital Inc market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $822.98 Million | +34.66% |
| 2023-12-31 | $611.16 Million | +32.96% |
| 2022-12-31 | $459.65 Million | +2.94% |
| 2021-12-31 | $446.53 Million | +87.03% |
| 2020-12-31 | $238.75 Million | +45662.60% |
| 2019-12-31 | $-524.00K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Trinity Capital Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 618200000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $62.00K | 0.01% |
| Other Components | $829.63 Million | 100.81% |
| Total Equity | $822.98 Million | 100.00% |
Trinity Capital Inc Competitors by Market Cap
The table below lists competitors of Trinity Capital Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shanghai Tongji Science&Technology Industrial Co Ltd
SHG:600846
|
$1.17 Billion |
|
Lindsay Corporation
NYSE:LNN
|
$1.17 Billion |
|
Opera Limited
F:2V8
|
$1.17 Billion |
|
TSE Co. Ltd
KQ:131290
|
$1.17 Billion |
|
CHINA RISUN GROUP HD-10
F:45Y
|
$1.17 Billion |
|
Johnson Health Tech Co Ltd
TW:1736
|
$1.17 Billion |
|
Shenyang Toly Bread Co Ltd
SHG:603866
|
$1.17 Billion |
|
Renhe Pharmacy Co Ltd
SHE:000650
|
$1.17 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Trinity Capital Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 611,159,000 to 822,982,000, a change of 211,823,000 (34.7%).
- Net income of 115,596,000 contributed positively to equity growth.
- Dividend payments of 102,532,000 reduced retained earnings.
- Share repurchases of 3,726,000 reduced equity.
- New share issuances of 200,231,000 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $115.60 Million | +14.05% |
| Dividends Paid | $102.53 Million | -12.46% |
| Share Repurchases | $3.73 Million | -0.45% |
| Share Issuances | $200.23 Million | +24.33% |
| Other Changes | $2.25 Million | +0.27% |
| Total Change | $- | 34.66% |
Book Value vs Market Value Analysis
This analysis compares Trinity Capital Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.15x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $-0.02 | $16.63 | x |
| 2020-12-31 | $9.04 | $16.63 | x |
| 2021-12-31 | $16.40 | $16.63 | x |
| 2022-12-31 | $14.51 | $16.63 | x |
| 2023-12-31 | $14.31 | $16.63 | x |
| 2024-12-31 | $14.51 | $16.63 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Trinity Capital Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 14.05%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 48.68%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 2.16x
- Recent ROE (14.05%) is above the historical average (7.85%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | $-471.60K |
| 2020 | -2.56% | -25.66% | 0.04x | 2.34x | $-29.99 Million |
| 2021 | 29.63% | 85.32% | 0.17x | 2.10x | $87.67 Million |
| 2022 | -6.61% | -69.77% | 0.04x | 2.45x | $-76.34 Million |
| 2023 | 12.58% | 43.98% | 0.13x | 2.15x | $15.78 Million |
| 2024 | 14.05% | 48.68% | 0.13x | 2.16x | $33.30 Million |
Industry Comparison
This section compares Trinity Capital Inc's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $1,222,611,667
- Average return on equity (ROE) among peers: 5.00%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Trinity Capital Inc (TRIN) | $998.26 Million | 0.00% | 1.25x | $1.17 Billion |
| Acadian Asset Management Inc (AAMI) | $84.00 Million | 95.24% | 7.06x | $1.86 Billion |
| AllianceBernstein Holding L.P. (AB) | $2.07 Billion | 13.23% | 0.00x | $3.60 Billion |
| Associated Capital Group Inc (AC) | $948.70 Million | 4.12% | 0.07x | $78.56 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $79.50 Million | 27.37% | 0.59x | $265.69 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $2.99 Million | -170.94% | 0.46x | $194.14 Million |
| Alvarium Tiedemann Holdings Inc. (ALTI) | $782.49 Million | -21.16% | 0.62x | $368.87 Million |
| Affiliated Managers Group Inc (AMG) | $962.54 Million | 12.37% | 1.41x | $8.19 Billion |
| Ameriprise Financial Inc (AMP) | $6.55 Billion | 54.41% | 28.15x | $41.87 Billion |
| AMTD IDEA Group (AMTD) | $611.58 Million | 16.58% | 4.02x | $44.19 Million |
| Artisan Partners Asset Management Inc (APAM) | $132.30 Million | 18.75% | 3.39x | $2.65 Billion |
About Trinity Capital Inc
Trinity Capital Inc. is a business development company specializing in term loans, equipment financing, and private equity-related investments. The firm provides tech lending, equipment financing, life sciences, warehouse lending, and sponsor finance sources. They provide investors with stable and consistent returns through access to the private credit market. Trinity Capital Inc. was founded in … Read more