Titan Machinery Balance Sheet Health
Financial Health criteria checks 3/6
Titan Machinery has a total shareholder equity of $662.6M and total debt of $1.1B, which brings its debt-to-equity ratio to 172.7%. Its total assets and total liabilities are $2.1B and $1.4B respectively. Titan Machinery's EBIT is $154.2M making its interest coverage ratio 5.3. It has cash and short-term investments of $35.7M.
Key information
172.7%
Debt to equity ratio
US$1.14b
Debt
| Interest coverage ratio | 5.3x |
| Cash | US$35.68m |
| Equity | US$662.60m |
| Total liabilities | US$1.43b |
| Total assets | US$2.09b |
Recent financial health updates
Here's Why Titan Machinery (NASDAQ:TITN) Has A Meaningful Debt Burden
May 24
Is Titan Machinery (NASDAQ:TITN) Using Too Much Debt?
Sep 01Titan Machinery (NASDAQ:TITN) Seems To Use Debt Quite Sensibly
May 12Is Titan Machinery (NASDAQ:TITN) Using Too Much Debt?
Jan 11Titan Machinery (NASDAQ:TITN) Seems To Use Debt Rather Sparingly
Apr 29Recent updates
Here's Why Titan Machinery (NASDAQ:TITN) Has A Meaningful Debt Burden
May 24Analysts Have Been Trimming Their Titan Machinery Inc. (NASDAQ:TITN) Price Target After Its Latest Report
Mar 23Titan Machinery: Cheap Enough
Mar 18Titan Machinery: Market Conditions Are Looking Way Better Now (Rating Upgrade)
Jan 10Titan Machinery's (NASDAQ:TITN) Shareholders May Want To Dig Deeper Than Statutory Profit
Dec 18Is It Too Late To Consider Buying Titan Machinery Inc. (NASDAQ:TITN)?
Dec 01Here's Why We Think Titan Machinery (NASDAQ:TITN) Is Well Worth Watching
Sep 20Is Titan Machinery (NASDAQ:TITN) Using Too Much Debt?
Sep 01Should You Investigate Titan Machinery Inc. (NASDAQ:TITN) At US$31.95?
Jul 15Here's Why We Think Titan Machinery (NASDAQ:TITN) Is Well Worth Watching
Jun 08Titan Machinery (NASDAQ:TITN) Seems To Use Debt Quite Sensibly
May 12Are Investors Undervaluing Titan Machinery Inc. (NASDAQ:TITN) By 48%?
Apr 14At US$41.98, Is Titan Machinery Inc. (NASDAQ:TITN) Worth Looking At Closely?
Mar 15Here's Why We Think Titan Machinery (NASDAQ:TITN) Might Deserve Your Attention Today
Jan 26Is Titan Machinery (NASDAQ:TITN) Using Too Much Debt?
Jan 11Is Titan Machinery Inc. (NASDAQ:TITN) Potentially Undervalued?
Dec 01Titan Machinery: I Was Wrong
Oct 12We Ran A Stock Scan For Earnings Growth And Titan Machinery (NASDAQ:TITN) Passed With Ease
Oct 04Titan Machinery names CNH Industrial's exec as new CFO
Sep 30Titan Machinery Q2 2023 Earnings Preview
Aug 24Estimating The Fair Value Of Titan Machinery Inc. (NASDAQ:TITN)
Jul 30Titan Machinery: Adding At A Good Point In The Cycle
Jul 20Titan Machinery agrees to acquire Heartland Ag Systems for $110M; raises FY23 EPS guidance
Jul 11Do Titan Machinery's (NASDAQ:TITN) Earnings Warrant Your Attention?
Jun 14Titan Machinery (NASDAQ:TITN) Is Doing The Right Things To Multiply Its Share Price
May 27Is It Too Late To Consider Buying Titan Machinery Inc. (NASDAQ:TITN)?
May 12Titan Machinery (NASDAQ:TITN) Seems To Use Debt Rather Sparingly
Apr 29Titan Machinery Inc.'s (NASDAQ:TITN) Intrinsic Value Is Potentially 65% Above Its Share Price
Apr 06Titan Machinery: An Interesting Play On Equipment Needs
Feb 04At US$30.62, Is Titan Machinery Inc. (NASDAQ:TITN) Worth Looking At Closely?
Jan 25If You Like EPS Growth Then Check Out Titan Machinery (NASDAQ:TITN) Before It's Too Late
Jan 12Financial Position Analysis
Short Term Liabilities: TITN's short term assets ($1.6B) exceed its short term liabilities ($1.2B).
Long Term Liabilities: TITN's short term assets ($1.6B) exceed its long term liabilities ($177.3M).
Debt to Equity History and Analysis
Debt Level: TITN's net debt to equity ratio (167.3%) is considered high.
Reducing Debt: TITN's debt to equity ratio has increased from 130.1% to 172.7% over the past 5 years.
Debt Coverage: TITN's debt is not well covered by operating cash flow (1.1%).
Interest Coverage: TITN's interest payments on its debt are well covered by EBIT (5.3x coverage).