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TRTN-PG

TRITON INTERNATIONAL LIMITED
CIK 0001660734 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
66.2
composite ยท 4 signals ยท TRIGGERED

Every card below shows the score and the exact filing data it was computed from โ€” no unexplained numbers. Some signals (P-02, P-03, P-08, P-09, P-10, P-11) pull live documents from SEC EDGAR the first time you view this company; a few of those (P-03, P-10, P-11) use AI to read the filing text, but every AI claim must quote the actual document verbatim or it's discarded โ€” never a guess.

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Signals

P-01 ยท FY 2025-12-31 ยท TRIGGERED50.5

Earnings quality

Beneish M-Score -1.73 exceeds the -1.78 manipulation threshold
trend: flat
Trend
Source: 20-F on SEC.gov (filed 2026-02-20) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": -1.732,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 1,
    "GMI": 2.444,
    "AQI": 1,
    "SGI": 1.224,
    "DEPI": 1,
    "SGAI": 1,
    "LVGI": 0.976,
    "TATA": -0.047
  },
  "defaulted_to_neutral": [
    "DSRI",
    "AQI",
    "DEPI",
    "SGAI"
  ],
  "sloan_accruals": -0.0443,
  "inputs": {
    "revenue_t": 59512000,
    "revenue_t1": 48637000,
    "total_assets_t": 9814420000,
    "net_income_t": 508384000,
    "cfo_t": 972064000
  },
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1660734/000166073426000005/0001660734-26-000005-index.htm",
    "form": "20-F",
    "filed": "2026-02-20"
  }
}
P-05 ยท FY 2025-12-31 ยท TRIGGERED77.8

Tax arbitrage

ETR 8.2% vs 21% statutory โ€” gap persistent across 3 of 3 years
trend: flat
Trend
Source: 20-F on SEC.gov (filed 2026-02-20) โ†—
Evidence โ€” inputs and thresholds
{
  "etr_by_year": {
    "2025-12-31": 0.0821,
    "2024-12-31": 0.0861,
    "2023-12-31": 0.103
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2025-12-31": 0.1279,
    "2024-12-31": 0.1239,
    "2023-12-31": 0.107
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1660734/000166073426000005/0001660734-26-000005-index.htm",
    "form": "20-F",
    "filed": "2026-02-20"
  }
}
P-12 ยท FY 2025-12-31 ยท TRIGGERED66.9

Restatement predictor

F-Score 2.01 โ€” misstatement risk 2.0x the base rate
trend: flat
Trend
Source: 20-F on SEC.gov (filed 2026-02-20) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 2.008,
  "probability": 0.00743,
  "components": {
    "rsst": -0.0443,
    "drec": null,
    "dinv": null,
    "soft": 0.9959,
    "dcs": 0.2236,
    "droa": 0.0051,
    "issue": 1
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1660734/000166073426000005/0001660734-26-000005-index.htm",
    "form": "20-F",
    "filed": "2026-02-20"
  }
}
P-13 ยท FY 2025-12-31 ยท CLEAN0.0

Zombie / distress

Interest coverage 3.10x โ€” servicing debt from operations
trend: flat
Trend
Source: 20-F on SEC.gov (filed 2026-02-20) โ†—
Evidence โ€” inputs and thresholds
{
  "icr_by_year": {
    "2025-12-31": 3.102,
    "2024-12-31": 3.18,
    "2023-12-31": 3.192,
    "2022-12-31": 4.619
  },
  "consecutive_years_below_1": 0,
  "altman_z_double_prime": 1.19,
  "definitions": {
    "zombie": "ICR<1 for 3+ consecutive FYs (BIS 2018)",
    "z_distress": "<1.1 distress, 1.1-2.6 gray, >2.6 safe"
  },
  "inputs": {
    "ebit_t": 817409000,
    "interest_expense_t": 263495000
  },
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1660734/000166073426000005/0001660734-26-000005-index.htm",
    "form": "20-F",
    "filed": "2026-02-20"
  }
}