Titan International Inc (TWI)

Cash ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Cash and cash equivalents	US$ in thousands	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	66,799	78,603	66,366	68,315
Short-term investments	US$ in thousands	—	—	—	—	1,388	—	—	—	—	—	—	—	—	—	—	—	2,026	—	—	—
Total current liabilities	US$ in thousands	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	327,153	365,948	392,622	439,244
Cash ratio		0.59	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	0.21	0.21	0.17	0.16

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($220,251K + $—K) ÷ $372,375K
= 0.59

The cash ratio of Titan International, Inc. has shown a generally increasing trend over the past eight quarters. The cash ratio, which measures the company's ability to cover its short-term liabilities with cash and cash equivalents, reached its highest point of 0.78 in Q4 2023, indicating an improvement in the company's liquidity position.

The trend indicates that Titan International, Inc. has been managing its cash and cash equivalents efficiently, with a higher proportion of cash available to cover its short-term obligations. This increasing cash ratio suggests that the company may be better equipped to meet its financial obligations and emergencies without resorting to external financing.

Overall, the increasing cash ratio trend in the past quarters is a positive indicator of Titan International, Inc.'s liquidity position and its ability to manage short-term financial commitments. However, further analysis and comparison with industry benchmarks are necessary to fully assess the company's liquidity health.