Titan International Inc (TWI)

Cash ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Cash and cash equivalents	US$ in thousands	195,974	227,293	224,100	203,628	220,251	211,902	196,452	164,116	159,577	116,581	116,703	98,144	98,108	94,640	95,804	95,954	117,431	98,772	80,160	60,378
Short-term investments	US$ in thousands	—	—	—	—	1,338	—	—	—	1,388	—	—	—	1,296	—	—	—	651	—	—	—
Total current liabilities	US$ in thousands	387,358	431,301	454,282	495,063	372,375	374,818	403,246	467,862	446,161	470,952	497,259	491,895	450,813	436,912	413,613	382,246	329,711	315,254	298,571	341,952
Cash ratio		0.51	0.53	0.49	0.41	0.60	0.57	0.49	0.35	0.36	0.25	0.23	0.20	0.22	0.22	0.23	0.25	0.36	0.31	0.27	0.18

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($195,974K + $—K) ÷ $387,358K
= 0.51

The cash ratio of Titan International Inc has shown fluctuations over the past few years based on the provided data. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents.

From March 31, 2020, to December 31, 2022, the cash ratio varied between 0.18 and 0.36, indicating some fluctuations in the company's liquidity position during this period.

However, from March 31, 2023, to December 31, 2024, the cash ratio increased significantly, reaching a peak of 0.60 by the end of December 31, 2023. This indicates an improvement in Titan International Inc's ability to cover its short-term obligations with its available cash and cash equivalents.

Overall, the increasing trend in the cash ratio from March 31, 2023, to December 31, 2024, suggests a strengthening liquidity position for Titan International Inc during this period.