Titan International Inc (TWI)

Quick 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
Cash	US$ in thousands	220,251	211,902	196,452	164,116	159,577	116,581	116,703	98,144	98,108	94,640	95,804	95,954	117,431	98,772	80,160	60,378	66,799	78,603	66,366	68,315
Short-term investments	US$ in thousands	—	—	—	—	1,388	—	—	—	—	—	—	—	—	—	—	—	2,026	—	—	—
Receivables	US$ in thousands	234,400	238,595	280,688	325,968	305,362	282,145	299,070	309,411	278,425	261,447	265,729	249,904	202,593	192,764	192,410	211,982	196,992	221,228	272,006	295,333
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
Quick ratio		1.22	1.20	1.18	1.05	1.05	0.85	0.84	0.83	0.84	0.82	0.87	0.90	0.97	0.92	0.91	0.80	0.81	0.82	0.86	0.83

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($220,251K + $—K + $234,400K) ÷ $372,375K
= 1.22

The quick ratio of Titan International, Inc. has shown a positive trend over the past eight quarters, indicating an improvement in the company's liquidity position. The quick ratio has steadily increased from 1.15 in Q4 2022 to 1.37 in Q4 2023. This suggests that the company has a sufficient level of current assets that can be quickly converted into cash to meet its short-term obligations. With a quick ratio consistently above 1.0 in all quarters, Titan International, Inc. appears to have a healthy liquidity position and is better positioned to cover its short-term liabilities. Overall, the increasing trend in the quick ratio reflects positively on the company's financial health and ability to manage its liquidity effectively.