Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Titan International's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $467 Mil. Titan International's Total Assets for the quarter that ended in Dec. 2023 was $1,289 Mil.
Therefore, Titan International's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.36.
The historical rank and industry rank for Titan International's Equity-to-Asset or its related term are showing as below:
TWI'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.17 Med: 0.24 Max: 0.36
Current: 0.36
During the past 13 years, the highest Equity to Asset Ratio of Titan International was 0.36. The lowest was 0.17. And the median was 0.24.
TWI's Equity-to-Asset is ranked worse than 68.9% of 209
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 0.47
vs TWI: 0.36
Titan International Equity-to-Asset Historical Data
The historical data trend for Titan International's Equity-to-Asset can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Titan International's Equity-to-Asset
For the Farm & Heavy Construction Machinery subindustry, Titan International's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Titan International's Equity-to-Asset Distribution in the Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Titan International's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Titan International's Equity-to-Asset falls into.
Titan International Equity-to-Asset Calculation
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Titan International's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Titan International (NYSE:TWI) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Titan International Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Titan International's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Titan International (Titan International) Business Description
Titan International Inc is a manufacturer of wheels, tires, wheel and tire assemblies, and undercarriage systems and components for off-highway vehicles. The company operates through three segments namely Agricultural, Earthmoving/Construction, and Consumer. Geographically, business of the group can be seen in the United States, Europe / CIS, Latin America and Other international. Titan derives most of the revenue from Agricultural segment which manufacture various agricultural equipment, including tractors, combines, plows, planters and irrigation equipment, and are sold directly to original equipment manufacturers and to the aftermarket through independent distributors, equipment dealers and Titan's own distribution centers.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
TWI has been successfully added to your 