The company has successfully strengthened its financial position, reducing its debt-to-equity ratio to 0.43 in 2026Q1 from 0.61 in 2024Q4.
| Total Current Assets | 648.05M | 609.96M | 384.26M | 372.9M | 356.89M |
| Cash & Short-Term Investments | 228.25M | 211.75M | 12.12M | 22.04M | 29.84M |
| Cash Only | 228.25M | 211.75M | 12.12M | 22.04M | 29.84M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 180.54M | 153.72M | 128.41M | 127.38M | 114.99M |
| Days Sales Outstanding | 35.02 | 33.72 | 28.68 | 29.21 | 30.77 |
| Inventory | 222.1M | 226.41M | 227.64M | 189.99M | 180.8M |
| Days Inventory Outstanding | 65.34 | 67.23 | 68.23 | 56.47 | 57.74 |
| Other Current Assets | 17.16M | 18.07M | 2.1M | 17.11M | 13.46M |
| Total Non-Current Assets | 1.28B | 1.28B | 1.18B | 1.13B | 1.09B |
| Property, Plant & Equipment | 1B | 996.17M | 916.42M | 862.47M | 809.94M |
| Fixed Asset Turnover | 1.70x | 1.67x | 1.78x | 1.85x | 1.68x |
| Goodwill | 221.56M | 221.56M | 221.56M | 221.56M | 221.56M |
| Intangible Assets | 28.49M | 29.02M | 30.17M | 33.21M | 36.02M |
| Long-Term Investments | 78.62M | 28.03M | 3.77M | 0 | 0 |
| Other Non-Current Assets | 8.99M | 9.14M | 10.08M | 8.66M | 22.82M |
| Total Assets | 1.93B | 1.89B | 1.57B | 1.5B | 1.45B |
| Asset Turnover | 0.89x | 0.88x | 1.04x | 1.06x | 0.94x |
| Asset Growth % | 52.49% | 20.92% | 4.5% | 3.56% | - |
| Total Current Liabilities | 216.82M | 201.22M | 239.05M | 491.97M | 325.46M |
| Accounts Payable | 150.35M | 144.68M | 139.83M | 151.23M | 175.37M |
| Days Payables Outstanding | 42.77 | 42.96 | 41.91 | 44.95 | 56.01 |
| Short-Term Debt | 5.87M | 5.39M | 33.61M | 267.67M | 74.34M |
| Deferred Revenue (Current) | 0 | 8.96M | 6.34M | 4.71M | 4.21M |
| Other Current Liabilities | 16.16M | 13.96M | 28.47M | 39.02M | 32.85M |
| Current Ratio | 2.99x | 3.03x | 1.61x | 0.76x | 1.10x |
| Quick Ratio | 1.96x | 1.91x | 0.66x | 0.37x | 0.54x |
| Cash Conversion Cycle | 57.58 | 57.99 | 55 | 40.73 | 32.5 |
| Total Non-Current Liabilities | 651.84M | 658.59M | 577.19M | 287.06M | 529.05M |
| Long-Term Debt | 382.11M | 390.44M | 358.22M | 76.26M | 320.17M |
| Capital Lease Obligations | 222.74M | 55.42M | 55.97M | 53.74M | 54.05M |
| Deferred Tax Liabilities | 452.51M | 115.56M | 98.21M | 94.38M | 92.94M |
| Other Non-Current Liabilities | 92.53M | 97.17M | 64.79M | 61.81M | 60.47M |
| Total Liabilities | 868.65M | 859.81M | 816.24M | 779.03M | 854.5M |
| Total Debt | 455.24M | 462.41M | 460.18M | 409.41M | 462.09M |
| Net Debt | 226.99M | 250.66M | 448.06M | 387.38M | 432.25M |
| Debt / Equity | 0.43x | 0.45x | 0.61x | 0.57x | 0.78x |
| Debt / EBITDA | 1.19x | 1.22x | 1.31x | 1.29x | 2.50x |
| Net Debt / EBITDA | 0.60x | 0.66x | 1.28x | 1.22x | 2.34x |
| Interest Coverage | 12.79x | 11.85x | 9.89x | 10.74x | 4.73x |
| Total Equity | 1.06B | 1.03B | 750.01M | 719.77M | 592.73M |
| Equity Growth % | 84.1% | 37.87% | 4.2% | 21.43% | - |
| Book Value per Share | 5.75 | 5.64 | 4.07 | 3.90 | 3.22 |
| Total Shareholders' Equity | 1.06B | 1.03B | 750.01M | 719.77M | 592.73M |
| Common Stock | 0 | 1.84B | 1.75B | 25.22M | 25.22M |
| Retained Earnings | 0 | 777.75M | 597.3M | 518.62M | 398.69M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | -2.45B | -2.45B | 7.14M | 2.84M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
Capital allocation inefficiency
According to recent quarterly filings, Titan America has steadily improved its liquidity position, with cash reserves rising from $12.1 million in 2024Q4 to $228.2 million by 2026Q1, signaling a deliberate shift toward balance sheet fortification amidst a broader deceleration in top-line revenue growth trends.
The consistent expansion of total assets to $1.9 billion alongside a reduction in debt-to-equity ratios suggests management is prioritizing financial resilience over aggressive expansion. This trajectory implies a defensive posture that may protect the firm against cyclical downturns in the construction materials sector.
As reported in financial statements, the company maintains a debt-to-equity ratio of 0.43 as of 2026Q1, which represents a significant reduction from the 0.61 level observed in 2024Q4, indicating that Titan America is actively deleveraging its capital structure in a high-interest rate environment.
This low leverage profile provides the firm with substantial dry powder for potential strategic acquisitions or capital returns. Investors should monitor whether this conservative approach persists, as it may eventually weigh on return on equity if the capital remains underutilized.
Based on the latest balance sheet data, net property, plant, and equipment (PPE) accounts for approximately $1.0 billion of the company's $1.9 billion in total assets, underscoring the capital-intensive nature of its integrated cement manufacturing and distribution network across the US Eastern Seaboard.
The stability of these fixed assets suggests that the company is successfully maintaining its core production capacity, though the high depreciation burden inherent in these assets requires consistent reinvestment. The presence of $221.6 million in goodwill warrants ongoing monitoring for potential impairment risks if regional market demand softens.
Data from recent filings shows the current ratio has improved significantly to 2.99 in 2026Q1, up from 1.61 in 2024Q4, reflecting a substantial increase in short-term liquidity that provides a meaningful buffer against potential operational shocks or sudden spikes in energy-related input costs.
This liquidity improvement appears to be driven by the aggressive accumulation of cash, which significantly reduces the firm's reliance on external financing for working capital needs. Such a strong current position suggests the company is well-prepared to navigate seasonal demand fluctuations without compromising its operational continuity.
Quick answers to the most common questions about buying TTAM stock.
As of 2025, Titan America S.A. (TTAM) had total assets of $1.89B including $610.0M in current assets.
Titan America S.A. (TTAM) carries total debt of $462.4M, offset by $211.8M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Titan America S.A. (TTAM) has total shareholders' equity (book value) of $1.03B ($5.64 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Titan America S.A. (TTAM) reported a current ratio of 3.03x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.