Tootsie Roll Industries Inc (TR)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 333,605 | 343,404 | 323,877 | 328,540 | 340,651 | 336,060 | 314,591 | 304,496 | 309,028 | 324,066 | 280,757 | 275,661 | 268,301 | 277,904 | 277,466 | 292,332 | 320,872 | 314,792 | 322,709 | 334,290 |
| 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 |
| Current ratio | 3.82 | 3.59 | 3.73 | 3.76 | 3.59 | 3.18 | 3.46 | 3.94 | 3.43 | 3.19 | 3.40 | 3.43 | 3.36 | 2.94 | 3.67 | 4.43 | 4.58 | 4.03 | 3.83 | 4.33 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $333,605K ÷ $87,286K
= 3.82
The current ratio of Tootsie Roll Industries Inc has shown some fluctuations over the observed periods. The current ratio, which measures the company's ability to cover its short-term liabilities with its short-term assets, ranged from a high of 4.58 on December 31, 2020, to a low of 2.94 on September 30, 2021.
Overall, the company's current ratio has mostly stayed above 3.0, indicating that Tootsie Roll has generally had sufficient current assets to cover its short-term liabilities. However, it is worth noting that there have been some periods where the current ratio dipped below 3.0, such as on September 30, 2021 and September 30, 2023.
The company's ability to maintain a current ratio above 3.0 signifies a relatively strong liquidity position, which is essential for meeting its short-term obligations. Investors and creditors typically look for current ratios above 1.0 as a benchmark for financial health, and Tootsie Roll's consistent performance above this threshold suggests that it has the capacity to manage its short-term financial obligations effectively.
Peer comparison
Dec 31, 2024