TPG RE Finance Trust Inc (TRTX) — Working Capital to Net Assets Ratio
TPG RE Finance Trust Inc (TRTX) has a Working Capital to Net Assets ratio of -11.5% as of June 2026. Working capital of $-120.48 Million (current assets of $95.31 Million minus current liabilities of $215.79 Million) is measured against net assets of $1.04 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See TPG RE Finance Trust Inc defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
TPG RE Finance Trust Inc Working Capital to Net Assets (2015–2025)
This chart shows how TPG RE Finance Trust Inc's Working Capital to Net Assets ratio has evolved across 11 annual periods from 2015 to 2025. As of June 2026, the ratio stands at -11.5%, reflecting working capital of $-120.48 Million against net assets of $1.04 Billion USD. For the complete balance sheet picture, see TPG RE Finance Trust Inc asset portfolio.
Annual Working Capital to Net Assets for TPG RE Finance Trust Inc (2015–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for TPG RE Finance Trust Inc from 2015 to 2025, covering 11 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. Check TRTX financial resilience to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -50.8% | $-542.89 Million | $1.07 Billion | $117.41 Million | $660.30 Million | ▼ -70.2 pp |
| 2024 | 19.4% | $215.69 Million | $1.11 Billion | $217.44 Million | $1.74 Million | ▼ -0.4 pp |
| 2023 | 19.7% | $221.89 Million | $1.12 Billion | $305.08 Million | $83.19 Million | ▼ -379.2 pp |
| 2022 | 398.9% | $5.27 Billion | $1.32 Billion | $5.28 Billion | $1.46 Million | ▲ +50.0 pp |
| 2021 | 349.0% | $5.11 Billion | $1.46 Billion | $5.16 Billion | $44.04 Million | ▲ +24.8 pp |
| 2020 | 324.1% | $4.75 Billion | $1.47 Billion | $4.80 Billion | $51.96 Million | ▲ +264.0 pp |
| 2019 | 60.1% | $904.26 Million | $1.50 Billion | $910.93 Million | $6.67 Million | ▲ +132.4 pp |
| 2018 | -72.3% | $-959.05 Million | $1.33 Billion | $134.83 Million | $1.09 Billion | ▲ +68.3 pp |
| 2017 | -140.5% | $-1.69 Billion | $1.20 Billion | $177.79 Million | $1.87 Billion | ▼ -156.0 pp |
| 2016 | 15.4% | $149.63 Million | $970.69 Million | $152.54 Million | $2.91 Million | ▼ -10.0 pp |
| 2015 | 25.4% | $182.09 Million | $716.35 Million | $184.02 Million | $1.92 Million | — |