Tootsie Roll Industries Inc (TR)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 138,841 | 91,711 | 45,987 | 65,253 | 76,290 | 47,320 | 26,047 | 37,992 | 53,270 | 57,216 | 46,628 | 86,800 | 105,840 | 76,210 | 96,617 | 136,291 | 166,841 | 108,264 | 106,289 | 139,067 |
| Short-term investments | US$ in thousands | 55,789 | 71,500 | 85,548 | 94,475 | 95,507 | 88,080 | 83,165 | 85,880 | 96,128 | 88,510 | 76,462 | 58,727 | 39,968 | 39,491 | 42,584 | 42,396 | 42,090 | 58,265 | 80,096 | 77,510 |
| Total current liabilities | US$ in thousands | 87,286 | 95,719 | 86,763 | 87,268 | 94,888 | 105,634 | 90,995 | 77,328 | 90,134 | 101,519 | 82,474 | 80,259 | 79,968 | 94,637 | 75,599 | 65,941 | 70,021 | 78,074 | 84,192 | 77,186 |
| Cash ratio | 2.23 | 1.71 | 1.52 | 1.83 | 1.81 | 1.28 | 1.20 | 1.60 | 1.66 | 1.44 | 1.49 | 1.81 | 1.82 | 1.22 | 1.84 | 2.71 | 2.98 | 2.13 | 2.21 | 2.81 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($138,841K
+ $55,789K)
÷ $87,286K
= 2.23
The cash ratio of Tootsie Roll Industries Inc, as indicated by the provided data, has shown some fluctuations over the past few years. The cash ratio measures a company's ability to cover its short-term obligations using only its cash and cash equivalents.
From March 31, 2020, to December 31, 2024, the cash ratio for Tootsie Roll Industries Inc ranged from a high of 2.98 to a low of 1.20. Generally, a higher cash ratio indicates a greater ability for the company to cover its short-term liabilities with its readily available cash. Conversely, a lower cash ratio may suggest potential liquidity challenges in meeting short-term obligations.
It is worth noting that Tootsie Roll Industries Inc experienced a decline in its cash ratio from June 30, 2021, to September 30, 2022, where it decreased steadily from 1.84 to 1.44. However, the cash ratio saw some fluctuation in the following quarters but remained generally stable within the range of 1.20 to 2.23.
An in-depth analysis of the company's financial health and liquidity position should also consider other financial ratios, operational performance, and market conditions to gain a comprehensive understanding of Tootsie Roll Industries Inc's overall financial standing.
Peer comparison
Dec 31, 2024