Tootsie Roll Industries Inc (TR)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 1,147,180 | 1,084,390 | 1,018,780 | 1,018,620 | 984,558 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,147,180K
= 0.00
Tootsie Roll Industries Inc has consistently maintained a debt-to-assets ratio of 0.00 over the five-year period from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt as a source of financing its assets during this period. A debt-to-assets ratio of 0.00 implies that all of the company's assets are financed by equity, which suggests a conservative capital structure and low financial risk. Tootsie Roll Industries Inc's ability to operate with a minimal debt-to-assets ratio may indicate strong financial stability and effective management of its capital structure.
Peer comparison
Dec 31, 2024