Titan International Inc (TWI)

Current ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Total current assets	US$ in thousands	912,037	876,781	909,628	813,304	658,599
Total current liabilities	US$ in thousands	387,358	372,375	446,161	450,813	329,711
Current ratio		2.35	2.35	2.04	1.80	2.00

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $912,037K ÷ $387,358K
= 2.35

The current ratio of Titan International Inc has exhibited fluctuations over the past five years based on the provided data. As of December 31, 2020, the current ratio stood at 2.00, indicating that the company had twice as many current assets as current liabilities. However, by December 31, 2021, the ratio decreased to 1.80, suggesting a slight reduction in liquidity.

Subsequently, the current ratio improved in the following years. As of December 31, 2022, the current ratio increased to 2.04, signaling a healthier liquidity position for the company. This positive trend continued into December 31, 2023, where the ratio reached 2.35, indicating that Titan International Inc had significantly more current assets than current liabilities. This level of liquidity remained consistent by December 31, 2024.

Overall, the current ratio of Titan International Inc has shown variations but has generally improved over the years, reflecting a strengthening liquidity position and the company's ability to cover its short-term obligations effectively.