Titan International Inc (TWI)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 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 | 234,851 | 244,231 | 282,934 | 284,393 |
Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.08 | 0.25 | 0.13 | 0.17 | 0.16 | 0.05 | 0.00 | 0.00 | 0.16 | 0.17 | 0.15 | 0.24 | 0.14 | 0.09 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $467,060K
= 0.00
The debt-to-equity ratio of Titan International, Inc. has shown a decreasing trend in the most recent quarters, indicating the company has been relying less on debt financing compared to its equity. This trend suggests a potential improvement in the company's financial stability and risk management.
In Q4 2023, the debt-to-equity ratio is 0.91, which is lower than the ratios in the previous quarters. This decrease may indicate that the company has been able to reduce its debt levels or increase its equity position during this period.
Comparing this to the same quarter in the previous year, where the ratio was 1.17, there has been a noticeable improvement in the company's leverage position. The downward trend from Q1 2022 to Q4 2023 suggests that Titan International has been effectively managing its debt levels and focusing on optimizing its capital structure.
Overall, the declining trend in the debt-to-equity ratio of Titan International, Inc. indicates a positive development in the company's financial health and may reflect well on its ability to meet its financial obligations while maintaining a healthy balance between debt and equity financing.
Peer comparison
Dec 31, 2023