Titan International Inc (TWI)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 1,584,950 | 1,289,240 | 1,284,630 | 1,182,680 | 1,031,880 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,584,950K
= 0.00
The debt-to-assets ratio of Titan International Inc has consistently remained at 0.00% for the years 2020, 2021, 2022, 2023, and 2024 as per the provided data. This indicates that the company has not used any debt to finance its assets during these years. A debt-to-assets ratio of 0.00% suggests that the company's assets are entirely funded by equity, which can be seen as a positive sign as it indicates lower financial risk and a strong financial position. It also implies that the company may have a conservative approach to leverage, preferring to rely on internal funds or equity financing rather than taking on debt.
Peer comparison
Dec 31, 2024