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