Titan International Inc (TWI)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	496,073	597,767	609,341	630,143	467,060	433,218	450,098	420,808	381,236	315,763	299,345	248,374	229,300	177,916	181,550	167,995	179,264	169,838	175,373	179,139
Debt-to-capital 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-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 consistently remained at 0.00 from March 31, 2020, to December 31, 2024. A debt-to-capital ratio of 0.00 indicates that the company has either no debt or its total debt is effectively negligible compared to its total capital. This suggests that Titan International Inc relies primarily on equity financing rather than debt to fund its operations and investments. A low or zero debt-to-capital ratio is often viewed positively by investors and creditors as it signifies lower financial risk and greater financial stability for the company. It also indicates that the company has a strong financial position and may have more flexibility in terms of managing its capital structure. Overall, the consistent 0.00 debt-to-capital ratio for Titan International Inc over the years reflects a prudent financial strategy and solid financial health.