Titan International, Inc. (TWI) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 1.05B | 985.97M | 1.03B | 1.04B | 1.03B | 912.04M | 1.03B | 1.09B | 1.16B | 876.78M | 881.32M | 934.25M | 970.47M | 909.63M | 900.65M | 929.38M | 911.47M | 813.3M | 796.24M | 772.24M |
| Cash & Short-Term Investments | 171.26M | 202.88M | 205.38M | 184.67M | 174.43M | 195.97M | 227.29M | 224.1M | 203.63M | 220.25M | 211.9M | 196.45M | 164.12M | 159.58M | 116.58M | 116.7M | 98.14M | 98.11M | 94.64M | 95.8M |
| Cash Only | 171.26M | 202.88M | 205.38M | 184.67M | 174.43M | 195.97M | 227.29M | 224.1M | 203.63M | 220.25M | 211.9M | 196.45M | 164.12M | 159.58M | 116.58M | 116.7M | 98.14M | 98.11M | 94.64M | 95.8M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 338.5M | 238.91M | 285.88M | 297.28M | 323.26M | 221.8M | 272.84M | 316.64M | 355.56M | 234.4M | 238.59M | 280.69M | 325.97M | 305.94M | 282.14M | 299.07M | 309.41M | 279.65M | 261.45M | 265.73M |
| Days Sales Outstanding | 51.44 | 58.82 | 57.51 | 61.27 | 49.98 | 59.32 | 60.53 | 57.47 | 55.67 | 55.76 | 59.45 | 57.37 | 51.83 | 53.07 | 50.38 | 48.33 | 47.68 | 51.04 | 53.84 | 53.49 |
| Inventory | 467.96M | 470.55M | 465.91M | 477.72M | 455.94M | 437.19M | 453.63M | 464.65M | 504.94M | 365.16M | 360.14M | 378.26M | 388.98M | 397.22M | 412.97M | 422.76M | 424.2M | 392.62M | 373.01M | 345.34M |
| Days Inventory Outstanding | 97.4 | 116.74 | 108.82 | 108.49 | 95.23 | 119.68 | 108.54 | 97.66 | 97.79 | 100.53 | 101.18 | 88.32 | 78.08 | 86.06 | 86.76 | 83.19 | 78.33 | 82.84 | 84.71 | 79.48 |
| Other Current Assets | 73.32M | 0 | 76.79M | 75.93M | 72.76M | 32.03M | 71.98M | 87.09M | 91M | 8.24M | 70.68M | 78.86M | 91.4M | 23.84M | 0 | 0 | 79.72M | 25.59M | 67.14M | 65.37M |
| Total Non-Current Assets | 663.78M | 686.69M | 716.43M | 716.81M | 695.62M | 672.92M | 660.99M | 641.58M | 658.46M | 412.46M | 376.41M | 370.9M | 374.34M | 375M | 346.83M | 359.8M | 357.83M | 369.38M | 348.02M | 355.2M |
| Property, Plant & Equipment | 541.29M | 568.13M | 569.98M | 577.03M | 556.76M | 538.25M | 560.63M | 552.85M | 559.22M | 333.65M | 313.12M | 314.61M | 308.25M | 305.54M | 297.15M | 308.68M | 310.81M | 322.05M | 323.3M | 329.6M |
| Fixed Asset Turnover | 0.91x | 0.72x | 0.81x | 0.81x | 0.90x | 0.70x | 0.80x | 0.96x | 1.08x | 1.21x | 1.28x | 1.55x | 1.79x | 1.69x | 1.75x | 1.85x | 1.76x | 1.51x | 1.38x | 1.33x |
| Goodwill | 29.56M | 29.56M | 29.56M | 29.56M | 29.56M | 29.56M | 35.81M | 12.87M | 12.87M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 10.57M | 10.89M | 11.06M | 11.41M | 11.71M | 15.44M | 13.04M | 16.51M | 17.05M | 7.27M | 0 | 0 | 0 | 7.08M | 1.39M | 1.42M | 1.46M | 8.2M | 1.53M | 1.57M |
| Long-Term Investments | 0 | 0 | 14.4M | 11.89M | 0 | 7.92M | 0 | 0 | 0 | 7.13M | 0 | 0 | 0 | 6.95M | 0 | 0 | 0 | 6.52M | 0 | 0 |
| Other Non-Current Assets | 71.79M | 78.1M | 42.26M | 43.59M | 52.23M | 40.02M | 43.41M | 42.98M | 43.04M | 26.39M | 30.94M | 29.6M | 31.19M | 16.7M | 31.89M | 33.31M | 29.67M | 15.77M | 20.68M | 21.24M |
| Total Assets | 1.71B | 1.67B | 1.75B | 1.75B | 1.72B | 1.58B | 1.69B | 1.73B | 1.81B | 1.29B | 1.26B | 1.31B | 1.34B | 1.28B | 1.25B | 1.29B | 1.27B | 1.18B | 1.14B | 1.13B |
| Asset Turnover | 0.30x | 0.24x | 0.27x | 0.27x | 0.30x | 0.23x | 0.26x | 0.30x | 0.31x | 0.31x | 0.31x | 0.36x | 0.42x | 0.40x | 0.42x | 0.45x | 0.45x | 0.42x | 0.40x | 0.40x |
| Asset Growth % | -0.42% | 5.53% | 3.77% | 1.06% | -5.05% | 22.94% | 34.11% | 32.86% | 34.86% | 0.36% | 0.82% | 1.24% | 5.95% | 8.62% | 9.02% | 14.35% | 18.47% | 14.61% | 12.59% | 9.32% |
| Total Current Liabilities | 479.38M | 428.24M | 453.44M | 440.97M | 454.98M | 387.36M | 431.3M | 454.28M | 495.06M | 372.38M | 374.82M | 403.25M | 467.86M | 446.16M | 470.95M | 497.26M | 491.89M | 450.81M | 436.91M | 413.61M |
| Accounts Payable | 278.02M | 251.72M | 254.88M | 265.14M | 283.22M | 219.59M | 234.3M | 257.27M | 287.93M | 201.2M | 194.5M | 231.88M | 276.07M | 263.38M | 256.71M | 284.8M | 302.38M | 278.1M | 253.82M | 239M |
| Days Payables Outstanding | 54.97 | 63.15 | 59.97 | 63.72 | 53.61 | 60.98 | 58.1 | 54.92 | 54.97 | 54.85 | 58.42 | 58.47 | 53.58 | 55.24 | 56.22 | 57.67 | 55.66 | 57.55 | 58.11 | 55.57 |
| Short-Term Debt | 50.55M | 21.18M | 36.49M | 19.8M | 13.81M | 12.48M | 15.03M | 14.59M | 18.69M | 16.91M | 17.56M | 18.54M | 23.84M | 30.86M | 32.3M | 44.06M | 37.85M | 32.5M | 30.87M | 34.3M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 18.16M | 15.75M | 18.68M | 20.09M | 22.64M | 17.84M | 20M | 19.64M | 19.62M | 11.26M | 18.17M | 0 | 0 | 0 | 13.69M | 0 | 0 |
| Other Current Liabilities | 77.69M | 141.51M | 81.83M | 89.86M | 85.1M | 86.61M | 100.46M | 106.66M | 109.69M | 91.36M | 92.34M | 93.03M | 87.41M | 85.17M | 174.97M | 161.06M | 144.22M | 91.84M | 143.6M | 132.31M |
| Current Ratio | 2.19x | 2.30x | 2.28x | 2.35x | 2.26x | 2.35x | 2.38x | 2.40x | 2.33x | 2.35x | 2.35x | 2.32x | 2.07x | 2.04x | 1.91x | 1.87x | 1.85x | 1.80x | 1.82x | 1.87x |
| Quick Ratio | 1.22x | 1.20x | 1.25x | 1.27x | 1.25x | 1.23x | 1.33x | 1.38x | 1.31x | 1.37x | 1.39x | 1.38x | 1.24x | 1.15x | 1.04x | 1.02x | 0.99x | 0.93x | 0.97x | 1.03x |
| Cash Conversion Cycle | 93.87 | 112.4 | 106.36 | 106.04 | 91.6 | 118.02 | 110.96 | 100.22 | 98.48 | 101.44 | 102.21 | 87.21 | 76.34 | 83.88 | 80.92 | 73.84 | 70.34 | 76.33 | 80.44 | 77.4 |
| Total Non-Current Liabilities | 733.9M | 722.8M | 722.52M | 734.34M | 727.58M | 703.94M | 657.37M | 666.17M | 687.6M | 449.45M | 449.73M | 450.94M | 453.74M | 455.33M | 455.54M | 486.25M | 531.69M | 504.7M | 532.75M | 535.65M |
| Long-Term Debt | 578.3M | 564.72M | 556.77M | 565.87M | 571.59M | 552.97M | 503.43M | 535.91M | 554.44M | 409.18M | 409.75M | 411.67M | 413.37M | 414.76M | 414.57M | 441.12M | 484.6M | 452.45M | 451M | 452.73M |
| Capital Lease Obligations | 109.68M | 111.05M | 116.13M | 116.59M | 107.8M | 106.02M | 109.19M | 93.69M | 95.47M | 6.15M | 0 | 0 | 0 | 2.41M | 6.24M | 7.69M | 8.52M | 11.35M | 16.21M | 16.05M |
| Deferred Tax Liabilities | 6.88M | 0 | 9.45M | 9.02M | 8.65M | 6.42M | 2.52M | 4.56M | 4.71M | 2.23M | 2.83M | 3.31M | 3.44M | 3.42M | 4.24M | 4.89M | 4.12M | 3.98M | 3.14M | 4.28M |
| Other Non-Current Liabilities | 39.03M | 47.03M | 40.16M | 42.85M | 39.53M | 27.24M | 42.23M | 32M | 32.98M | 19.51M | 37.15M | 35.96M | 36.93M | 22.94M | 30.49M | 32.55M | 34.44M | 27.9M | 37.4M | 37.59M |
| Total Liabilities | 1.21B | 1.15B | 1.18B | 1.18B | 1.18B | 1.09B | 1.09B | 1.12B | 1.18B | 821.83M | 824.55M | 854.19M | 921.6M | 901.49M | 926.49M | 983.51M | 1.02B | 955.51M | 969.66M | 949.26M |
| Total Debt | 738.54M | 710.79M | 709.38M | 714.04M | 705.08M | 683.46M | 640.72M | 655.2M | 680.89M | 437.26M | 432.19M | 434.04M | 440.34M | 451.88M | 460.07M | 500.21M | 538.42M | 502.48M | 506.7M | 511.09M |
| Net Debt | 567.28M | 507.91M | 504M | 529.38M | 530.65M | 487.49M | 413.43M | 431.1M | 477.26M | 217.01M | 220.28M | 237.58M | 276.22M | 292.3M | 343.49M | 383.5M | 440.27M | 404.38M | 412.06M | 415.29M |
| Debt / Equity | 1.47x | 1.36x | 1.23x | 1.24x | 1.31x | 1.38x | 1.07x | 1.07x | 1.08x | 0.94x | 1.00x | 0.96x | 1.04x | 1.18x | 1.43x | 1.64x | 2.19x | 2.21x | 2.90x | 2.87x |
| Debt / EBITDA | 25.98x | 103.28x | 26.73x | 26.66x | 25.48x | 188.39x | 41.49x | 17.36x | 18.37x | 13.86x | 11.68x | 7.66x | 6.68x | 8.94x | 7.60x | 6.21x | 9.61x | 13.97x | 14.76x | 14.17x |
| Net Debt / EBITDA | 19.95x | 73.80x | 18.99x | 19.77x | 19.18x | 134.37x | 26.77x | 11.42x | 12.87x | 6.88x | 5.95x | 4.20x | 4.19x | 5.79x | 5.67x | 4.76x | 7.85x | 11.24x | 12.00x | 11.51x |
| Interest Coverage | 1.15x | - | 0.86x | 1.11x | 1.45x | -1.68x | 0.41x | 3.63x | 5.11x | -0.39x | 4.37x | 8.17x | 8.34x | 4.88x | 8.50x | 12.41x | 5.21x | 3.36x | 3.07x | 0.95x |
| Total Equity | 501.55M | 521.62M | 574.43M | 577.1M | 539.46M | 493.66M | 598.05M | 613.62M | 630.93M | 467.42M | 433.19M | 450.96M | 423.21M | 383.14M | 320.99M | 305.67M | 245.72M | 227.17M | 174.59M | 178.18M |
| Equity Growth % | -7.03% | 5.66% | -3.95% | -5.95% | -14.5% | 5.61% | 38.06% | 36.07% | 49.08% | 22% | 34.96% | 47.53% | 72.23% | 68.66% | 83.85% | 71.55% | 49.71% | 28.88% | 3.18% | 0.86% |
| Book Value per Share | 7.83 | 8.16 | 8.99 | 9.12 | 8.52 | 7.53 | 8.30 | 8.40 | 9.60 | 7.61 | 6.87 | 7.13 | 6.65 | 6.03 | 5.08 | 4.83 | 3.82 | 3.60 | 2.79 | 2.89 |
| Total Shareholders' Equity | 494.91M | 514.38M | 569.07M | 570.49M | 534.25M | 496.07M | 597.77M | 609.34M | 630.14M | 467.06M | 433.22M | 450.1M | 420.81M | 381.24M | 315.76M | 299.35M | 248.37M | 229.3M | 177.92M | 181.55M |
| Common Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 76.36M | 100.57M | 156.61M | 158.87M | 163.41M | 164.06M | 162.72M | 180.97M | 178.82M | 169.62M | 172.19M | 152.91M | 122.7M | 90.86M | 48.82M | 5.65M | -61.52M | -85.44M | -113.04M | -124.22M |
| Treasury Stock | -112.99M | -115.87M | -116.32M | -116.66M | -118.26M | -122.34M | -64.42M | -56.62M | -51.3M | -52.59M | -39.39M | -26.98M | -22.53M | -23.42M | -23.66M | -23.85M | -24.78M | -1.12M | -1.12M | -1.12M |
| Accumulated OCI | -205.27M | -209.03M | -208.56M | -207.58M | -246.52M | -285.88M | -238.95M | -251.74M | -232.93M | -219.04M | -266.98M | -241.56M | -243.86M | -251.75M | -273.58M | -245.24M | -227.18M | -246.48M | -243.63M | -227.8M |
| Minority Interest | 6.64M | 7.24M | 5.36M | 6.61M | 5.21M | -2.42M | 287K | 4.28M | 792K | 355K | -29K | 862K | 2.4M | 1.9M | 5.22M | 6.33M | -2.65M | -2.13M | -3.32M | -3.37M |