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