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 18.1% as of September 2025. Working capital of $196.43 Million (current assets of $198.23 Million minus current liabilities of $1.80 Million) is measured against net assets of $1.08 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See how leveraged is TPG RE Finance Trust Inc's balance sheet to measure how much of total assets are equity-financed.
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 September 2025, the ratio stands at 18.1%, reflecting working capital of $196.43 Million against net assets of $1.08 Billion USD. Check TPG RE Finance Trust Inc (TRTX) tangible net worth to evaluate the tangible quality of the company's equity base.
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. For live market cap and the full company profile, see TRTX company net worth.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 10.8% | $114.82 Million | $1.07 Billion | $116.76 Million | $1.94 Million | ▼ -8.6 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 | — |