Tootsie Roll Industries Inc (TR)
Quick 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 | 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 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick 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
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 fluctuated over the periods provided. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio above 1 indicates the company has enough liquid assets to cover its current liabilities.
From March 31, 2020, to December 31, 2020, the quick ratio range was 2.13 to 2.98, indicating a strong ability to cover short-term liabilities. However, from June 30, 2021, to September 30, 2022, the quick ratio decreased significantly, reaching a low of 1.22, suggesting potential difficulties in meeting short-term obligations during that period.
The quick ratio improved slightly from March 31, 2023, to December 31, 2024, with ratios ranging from 1.20 to 2.23. While the quick ratio remained above 1 during this period, indicating continued ability to cover short-term liabilities, the fluctuations suggest the need for monitoring the company's liquidity position closely. Overall, Tootsie Roll Industries Inc has maintained a generally healthy quick ratio above 1, but should continue to focus on managing its liquidity effectively to meet short-term obligations.
Peer comparison
Dec 31, 2024