Titan International Inc (TWI)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $496,073K
= 0.00
The debt-to-equity ratio for Titan International Inc has been consistently at 0.00 from December 31, 2020, to December 31, 2024. This signifies that the company has not utilized any debt to finance its operations during this period. Generally, a lower debt-to-equity ratio indicates lower financial risk and shows that the company is relying more on equity financing rather than debt financing. However, it is important to also consider other financial metrics and industry norms to assess the overall financial health and risk profile of the company.
Peer comparison
Dec 31, 2024
Company name
Symbol
Debt-to-equity ratio
Titan International Inc
TWI
0.00
Carpenter Technology Corporation
CRS
0.43
Commercial Metals Company
CMC
0.00
Metallus, Inc
MTUS
0.00
Nucor Corp
NUE
0.00
Steel Dynamics Inc
STLD
0.00
SunCoke Energy Inc
SXC
0.00
United States Steel Corporation
X
0.00