Trinet (TNET) Times Interest Earned (2013 - 2023)
Trinet (TNET) recorded quarterly Times Interest Earned of $24.14 in Q1 2023, up 158.67% quarter-over-quarter from $9.33 in Q4 2022, and down 40.83% on a YoY basis from $40.8 in Q1 2022.
Trinet (TNET) Times Interest Earned (2013 - 2023) Analysis & Trends
Trinet's Times Interest Earned history runs 11 years deep, the most recent figure standing at $24.14 for Q1 2023.
- In Q1 2023, Times Interest Earned fell 40.83% year-over-year to $24.14; the TTM figure through Dec 2023 stood at $67.0 (up 410.22% YoY), while the FY2022 annual figure was $12.79, down 43.76% from the prior year.
- Times Interest Earned was $24.14 for Q1 2023 at Trinet, up from $9.33 in the prior quarter.
- In the past five years, Times Interest Earned ranged from a high of $43.25 in Q2 2020 to a low of $5.45 in Q3 2022.
- Historically, Times Interest Earned has averaged $19.53 across 5 years, with a median of $18.2 in 2021.
- The sharpest annual moves came in 2020 and 2022: Times Interest Earned jumped 371.82% in 2020, then sank 74.03% in 2022.
- A 5-year view of Times Interest Earned shows it stood at $15.75 in 2019, then sank by 61.9% to $6.0 in 2020, then surged by 203.33% to $18.2 in 2021, then sank by 48.72% to $9.33 in 2022, then jumped by 158.67% to $24.14 in 2023.
- The last three Times Interest Earned figures came in at $24.14 (Q1 2023), $9.33 (Q4 2022), and $5.45 (Q3 2022), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Times Interest Earned (Qtr) |
|---|---|---|---|---|---|
| 1 | Korn Ferry | 3.69 Bn | 2.72 Bn | 724.93 Mn | - |
| 2 | Robert Half | 3.13 Bn | 2.85 Bn | 479.91 Mn | - |
| 3 | Trinet | 2.12 Bn | 660.05 Mn | 1.16 Bn | - |
| 4 | ManpowerGroup | 1.56 Bn | 1.34 Bn | 723.00 Mn | 2.19 |
| 5 | Insperity | 1.38 Bn | 825.54 Mn | 302.00 Mn | 10.33 |
| 6 | Barrett Business Services | 828.03 Mn | 736.15 Mn | 43.19 Mn | -154.00 |
| 7 | Kforce | 777.11 Mn | 775.77 Mn | 90.07 Mn | - |
| 8 | Kelly Services | 391.13 Mn | 365.53 Mn | 196.40 Mn | - |
| 9 | TrueBlue | 205.89 Mn | 181.76 Mn | 79.02 Mn | - |
| 10 | HireQuest | 172.03 Mn | 171.01 Mn | - | 184.50 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2023 | 24.14 |
| Dec 31, 2022 | 9.33 |
| Sep 30, 2022 | 5.45 |
| Jun 30, 2022 | 23.80 |
| Mar 31, 2022 | 40.80 |
| Dec 31, 2021 | 18.20 |
| Sep 30, 2021 | 21.00 |
| Jun 30, 2021 | 24.20 |
| Mar 31, 2021 | 27.60 |
| Dec 31, 2020 | 6.00 |
| Sep 30, 2020 | 5.63 |
| Jun 30, 2020 | 43.25 |
| Mar 31, 2020 | 30.00 |
| Dec 31, 2019 | 15.75 |
| Sep 30, 2019 | 11.33 |
| Jun 30, 2019 | 9.17 |
| Mar 31, 2019 | 16.40 |
| Jun 30, 2018 | 10.86 |
| Mar 31, 2018 | 11.83 |
| Dec 31, 2017 | 9.66 |