Titan International Inc (TWI)

The interest coverage ratio for Titan International Inc has shown fluctuating trends over the past five years. It was negative at -0.90 on December 31, 2020, indicating that the company's operating profit was insufficient to cover its interest expenses during that period.

However, there has been a notable improvement in the interest coverage ratio since then. By December 31, 2021, the ratio had improved to 2.58, reflecting the company's ability to generate more operating income relative to its interest obligations.

The trend continued positively in the following years, with the interest coverage ratio reaching 7.79 by December 31, 2022. This significant increase demonstrates Titan International Inc's enhanced capacity to comfortably meet its interest payments using its operating earnings.

While the ratio slightly declined to 6.84 by December 31, 2023, it remained at a healthy level, indicating the company's continued ability to service its debt obligations without difficulty.

However, there was a noticeable decline in the interest coverage ratio to 1.23 by December 31, 2024, suggesting a potential strain on Titan International Inc's ability to cover its interest expenses with operating income during that period.

Overall, the analysis of the interest coverage ratio indicates fluctuations in Titan International Inc's ability to meet its interest payments in recent years, with improvements seen in certain periods and potential challenges identified in others. Monitoring this ratio going forward will be essential to assess the company's financial health and ability to service its debt effectively.

Peer comparison

Dec 31, 2024