Titan International Inc (TWI)

Current 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
Total current assets	US$ in thousands	912,037	1,025,740	1,092,480	1,155,140	876,781	881,321	934,254	970,468	909,628	900,647	929,381	911,470	813,304	796,243	772,240	715,565	658,599	638,415	641,201	638,892
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
Current ratio		2.35	2.38	2.40	2.33	2.35	2.35	2.32	2.07	2.04	1.91	1.87	1.85	1.80	1.82	1.87	1.87	2.00	2.03	2.15	1.87

December 31, 2024 calculation

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

Titan International Inc's current ratio has shown fluctuation over the past few years. The ratio indicates the company's ability to meet its short-term obligations with its current assets. From March 31, 2020, to June 30, 2022, the current ratio ranged between 1.80 to 2.15, showing relatively healthy liquidity levels.

However, there was a slight decrease in the current ratio in the subsequent quarters, dropping to 1.80 by December 31, 2022. The ratio then improved gradually, reaching 2.40 by June 30, 2024. This upward trend indicates an improvement in Titan International Inc's ability to cover its short-term liabilities with its current assets.

Overall, the current ratio has generally remained above 1.5, which is typically considered acceptable for most companies. However, management should continue monitoring and managing the company's current assets and liabilities to ensure a healthy liquidity position in the future.