Titan International Inc (TWI)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 1,584,950 | 1,686,720 | 1,734,070 | 1,813,600 | 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 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 been 0.00 for all reporting periods from March 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt to finance its assets during these periods. A debt-to-assets ratio of 0.00 suggests that the company relies solely on equity financing for its operations and expansion, which may indicate a conservative financial strategy or a strong financial position. Investors and stakeholders may view a low debt-to-assets ratio positively as it signifies lower financial risk and potential for better financial stability. However, it is important to consider that a very low debt-to-assets ratio may also imply missed opportunities for leveraging debt to benefit from tax advantages or potential growth opportunities.
Peer comparison
Dec 31, 2024