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.