Tootsie Roll Industries Inc (TR)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 1,147,180 | 1,146,220 | 1,102,600 | 1,093,450 | 1,084,390 | 1,065,910 | 1,033,990 | 1,019,610 | 1,018,780 | 1,026,360 | 1,001,110 | 1,012,850 | 1,018,620 | 1,015,440 | 994,958 | 978,991 | 984,558 | 982,035 | 974,501 | 955,927 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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
The debt-to-assets ratio for Tootsie Roll Industries Inc has consistently been at 0.00 across all reported periods from March 31, 2020, to December 31, 2024. This indicates that the company has not used debt to finance its assets during this time frame. A debt-to-assets ratio of 0.00 suggests that Tootsie Roll Industries Inc relies solely on equity financing, which may imply a lower financial risk as the company does not have debt obligations to repay. It also indicates that the company has a strong financial position with a high level of asset coverage by equity. However, it is important to consider the industry norms and specific reasons behind this low debt level, as excessively low debt levels may also indicate underutilization of financial leverage that could potentially enhance returns for shareholders.
Peer comparison
Dec 31, 2024