Tootsie Roll Industries Inc (TR)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 138,841 | 75,915 | 53,270 | 105,840 | 166,841 |
| Short-term investments | US$ in thousands | 55,789 | 95,507 | 96,128 | 39,968 | 42,090 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 87,286 | 94,888 | 90,134 | 79,968 | 70,021 |
| Quick ratio | 2.23 | 1.81 | 1.66 | 1.82 | 2.98 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($138,841K
+ $55,789K
+ $—K)
÷ $87,286K
= 2.23
The quick ratio of Tootsie Roll Industries Inc has shown a decreasing trend over the years from 2020 to 2024, indicating a potential weakening liquidity position. At the end of 2020, the quick ratio was relatively strong at 2.98, suggesting the company had $2.98 in liquid assets available to cover each dollar of current liabilities.
However, by the end of 2024, the quick ratio had declined to 2.23, which is still above the ideal ratio of 1.0. This means the company had $2.23 in quick assets to cover each dollar of current liabilities. Although the ratio decreased over the years, it's still above 1, indicating the company has sufficient liquid assets to meet its short-term obligations.
Overall, while the decreasing trend in the quick ratio should be monitored, Tootsie Roll Industries Inc continues to maintain a relatively healthy liquidity position.
Peer comparison
Dec 31, 2024