Titan International Inc (TWI)

Debt-to-assets 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
Long-term debt US$ in thousands — — — — 0 — 23,000 63,000 30,000 30,000 29,000 9,000 0 0 28,000 30,000 36,000 59,000 41,000 25,000
Total assets US$ in thousands 1,289,240 1,257,740 1,305,150 1,344,810 1,284,630 1,247,480 1,289,180 1,269,300 1,182,680 1,144,260 1,127,440 1,071,450 1,031,880 1,016,350 1,031,290 1,060,250 1,114,310 1,189,600 1,269,530 1,325,260
Debt-to-assets ratio 0.00 0.00 0.00 0.00 0.00 0.00 0.02 0.05 0.03 0.03 0.03 0.01 0.00 0.00 0.03 0.03 0.03 0.05 0.03 0.02

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,289,240K
= 0.00

The debt-to-assets ratio of Titan International, Inc. has been relatively stable over the past eight quarters, ranging from 0.33 to 0.41. This ratio indicates the proportion of the company's assets that are financed with debt. A lower ratio suggests lower financial risk as it indicates a smaller portion of assets is financed by debt.

In the case of Titan International, the ratios hovering around 0.33 to 0.35 signify that roughly one-third of the company's assets are financed by debt. The slight increase in the ratio from Q4 2022 to Q1 2022, where it peaked at 0.41, may indicate a potential increase in financial leverage or a decline in asset base.

Overall, the company's debt-to-assets ratio appears to be within a reasonable range, suggesting a moderate level of debt in relation to its asset base. However, it would be beneficial to monitor any trends in the ratio over time to assess the company's evolving financial health and risk profile.