Titan International Inc (TWI)

Current 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
Total current assets	US$ in thousands	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	651,465	732,394	786,213	837,473
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
Current ratio		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	1.99	2.00	2.00	1.91

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $876,781K ÷ $372,375K
= 2.35

Titan International, Inc.'s current ratio has shown a positive trend over the past eight quarters, starting at 1.85 in Q1 2022 and increasing to 2.35 in Q4 2023. This indicates that the company's ability to cover its short-term liabilities with its current assets has been improving consistently. The current ratio has remained above 2.0 since Q4 2022, suggesting that Titan International has a healthy level of current assets to meet its short-term obligations. Overall, the increasing trend in the current ratio reflects a strengthening liquidity position for the company, which may indicate effective management of working capital and financial stability.