Titan International Inc (TWI)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 195,974 | 227,293 | 224,100 | 203,628 | 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 |
| Short-term investments | US$ in thousands | — | — | — | — | 1,338 | — | — | — | 1,388 | — | — | — | 1,296 | — | — | — | 651 | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 0.51 | 0.53 | 0.49 | 0.41 | 0.60 | 0.57 | 0.49 | 0.35 | 0.36 | 0.25 | 0.23 | 0.20 | 0.22 | 0.22 | 0.23 | 0.25 | 0.36 | 0.31 | 0.27 | 0.18 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($195,974K
+ $—K
+ $—K)
÷ $387,358K
= 0.51
The quick ratio of Titan International Inc has shown fluctuations over the given periods. It started at a low of 0.18 as of March 31, 2020 and gradually improved to 0.60 by December 31, 2023. However, there was a significant drop in the quick ratio to 0.41 as of March 31, 2024, followed by a slight recovery to 0.51 by December 31, 2024.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets excluding inventory. A higher quick ratio indicates better liquidity and financial health, as the company has more liquid assets to cover its short-term liabilities.
In the case of Titan International Inc, the quick ratio fluctuated within a range of 0.18 to 0.60 during the analyzed periods, reflecting some variability in the company's liquidity position. It is important for the company to monitor and manage its liquidity effectively to ensure it can meet its financial obligations in a timely manner.
Peer comparison
Dec 31, 2024