What is Trimas's net debt?

Trimas (TRS) reported net debt of -$869.76M in Q1 2026.

How has Trimas's net debt changed year-over-year?

Trimas's net debt decreased by 292.6% year-over-year, from $451.6M to -$869.76M.

What is the long-term trend for Trimas's net debt?

Over 5 years (2020 to 2025), Trimas's net debt has grown at a 9.1% compound annual growth rate (CAGR), from $310.69M to $479.3M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Trimas TRS Net debt

Discontinued — last reported Q1 '26

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-0.2×-0.1×

HES

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3.1×-0.1×

Dave, Inc.DAVE

-0.6×-1.0×

TDA

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8.8×+4.2×

Other financials

Income statement

See full

Revenue$168.3M+10.4%

Gross profit$36.9M+12.3%

Operating income$6.9M-3.6%

Net income$800.8M+6,348%

EPS (diluted)$21.40+7,033%

Balance sheet

See full

Cash & equivalents$1.3B+3,904%

Total debt$439.9M-9.2%

Total equity$1.4B+111%

Total assets$2.3B+64.8%

Cash flow

See full

Operating cash flow-$19.4M-311%

CapEx$5.2M-59.7%

Free cash flow-$24.6M-556%

Valuation

See full

Market cap$1.56B+41.4%

Enterprise value$692.33M-55.5%

P/E1.7×-33.3×

P/S2.4×+0.6×

Profitability

See full

Gross margin-0.1%-2.1pp

Operating margin8%-1.0pp

Net margin137.3%+132pp

FCF margin7.3%+3.1pp

Returns & leverage

See full

Return on equity85.1%+80.4pp

Debt / equity0.3×-0.4×

Current ratio4.9×+2.0×

Where this comes from

Calculated from Trimas’s reported figures.

$439.9Mtotal debt−$1.3Bcash and equivalents=-$869.76M

The official record: Trimas’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Trimas's net debt?: Trimas (TRS) reported net debt of -$869.76M in Q1 2026.
How has Trimas's net debt changed year-over-year?: Trimas's net debt decreased by 292.6% year-over-year, from $451.6M to -$869.76M.
What is the long-term trend for Trimas's net debt?: Over 5 years (2020 to 2025), Trimas's net debt has grown at a 9.1% compound annual growth rate (CAGR), from $310.69M to $479.3M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.