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.


Peer comparison

Dec 31, 2023