Titan International Inc (TWI)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 496,073 | 467,060 | 381,236 | 229,300 | 179,264 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $496,073K)
= 0.00
The debt-to-capital ratio of Titan International Inc has remained consistently at 0.00 over the past five years, from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt in its capital structure during this period, relying solely on equity financing. A low or zero debt-to-capital ratio is generally considered favorable as it suggests lower financial risk and less dependence on borrowed funds for operations and investment. However, it is important to note that a complete absence of debt may limit the company's ability to leverage financial leverage for potential growth opportunities.
Peer comparison
Dec 31, 2024