Trinity Capital (TRIN) Net Long-Term Debt Issued (Repaid) (2020 - 2026)
Trinity Capital's Non-Current Debt was $1.02 billion in Q2 2026, up 78.6% from $569.81 million a year earlier and up 40.8% from the prior quarter.
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Analysis
Trinity Capital (TRIN) Net Long-Term Debt Issued (Repaid) (2020 - 2026) Analysis & Trends
At the end of FY2025, Non-Current Debt at Trinity Capital came in at $721.76 million, down 5.6% from FY2024.
- Non-Current Debt shows a five-year compound annual growth rate of 18.4% (FY2020 to FY2025).
- In earlier years, Non-Current Debt was $764.67 million in FY2024 (+18.5%), $645.5 million in FY2023 (+4.1%), $620 million in FY2022 (+33.0%) and $466 million in FY2021 (+50.3%).
- The Q2 2026 figure marks the highest quarterly Non-Current Debt in data going back to Q4 2020.
- Compared with a year earlier, Non-Current Debt was higher in four of the last eight quarters, with growth averaging 108.4%.
- The best year-over-year quarter for Non-Current Debt over five years was Q3 2024 (growth of 822.5%); the worst was Q3 2023 (a decline of 27.3%).
- Per Business Quant data, TRIN's Non-Current Debt in the three quarters before Q2 2026 was $722.61 million (Q1 2026), $721.76 million (Q4 2025) and $693.04 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net LT Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 41.00 Bn | 29.82 Bn | - | - |
| 2 | Royalty Pharma | 39.88 Bn | 40.21 Bn | - | - |
| 3 | Orix | 36.75 Bn | 7.39 Bn | 13.83 Bn | - |
| 4 | Federal National Mortgage Association Fannie Mae | 25.40 Bn | -16,108.71 Bn | - | -54.25 Bn |
| 5 | Royal Gold | 23.20 Bn | 22.41 Bn | 402.46 Mn | -250.00 Mn |
| 6 | Affirm Holdings | 22.35 Bn | 15.40 Bn | - | 467.47 Mn |
| 7 | Synchrony Financial | 22.29 Bn | -45.34 Bn | - | 589.00 Mn |
| 8 | Annaly Capital Management | 14.69 Bn | 5.72 Bn | - | 1.66 Bn |
| 9 | Ares Capital | 14.04 Bn | 11.79 Bn | - | -463.00 Mn |
| 10 | Trinity Capital | 1.75 Bn | 1.67 Bn | - | -1.15 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -1.15 Bn |
| Jun 30, 2026 | 1.01 Bn |
| Mar 31, 2026 | 294.24 Mn |
| Dec 31, 2025 | 226.34 Mn |
| Sep 30, 2025 | 121.57 Mn |
| Jun 30, 2025 | 2.11 Mn |
| Mar 31, 2025 | -214.41 Mn |
| Dec 31, 2024 | 139.81 Mn |
| Sep 30, 2024 | 106.81 Mn |
| Jun 30, 2024 | -201.19 Mn |
| Mar 31, 2024 | 282.80 Mn |
| Dec 31, 2022 | -3.15 Mn |
| Dec 31, 2021 | 75.00 Mn |
| Dec 31, 2020 | 353.69 Mn |
| Sep 30, 2020 | -305.00 Mn |
| Jun 30, 2020 | 25.00 Mn |
| Mar 31, 2020 | 185.00 Mn |
API Access
Trinity Capital Net Long-Term Debt Issued (Repaid) API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=non-current-debt&ticker=TRIN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "non-current-debt", "ticker": "TRIN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=non-current-debt&ticker=TRIN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();