Tootsie Roll Industries Inc (TR)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 66,496 | 340,651 | 309,028 | 268,301 | 320,872 |
| Total current liabilities | US$ in thousands | 87,286 | 94,888 | 90,134 | 79,968 | 70,021 |
| Current ratio | 0.76 | 3.59 | 3.43 | 3.36 | 4.58 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $66,496K ÷ $87,286K
= 0.76
Tootsie Roll Industries Inc's current ratio has exhibited a declining trend over the years, decreasing from a high of 4.58 on December 31, 2020, to a significantly lower level of 0.76 on December 31, 2024. This indicates a potential weakening in the company's ability to cover its short-term obligations with its current assets. While a current ratio above 1 generally suggests the company can meet its current liabilities, the steep decrease may raise concerns about liquidity and operational efficiency. Further analysis and investigation into the company's current assets and liabilities management may be warranted to address this observed deterioration in the current ratio.
Peer comparison
Dec 31, 2024