Tootsie Roll Industries Inc (TR)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 870,743 | 823,422 | 783,171 | 769,042 | 763,327 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $870,743K)
= 0.00
Tootsie Roll Industries Inc's debt-to-capital ratio has been consistently at 0.00 from December 31, 2020, to December 31, 2024. A debt-to-capital ratio of 0.00 indicates that the company has no debt in its capital structure during this period. This suggests that the company has been funding its operations and growth primarily through equity or retained earnings rather than debt financing. A low or zero debt-to-capital ratio can indicate a conservative financial strategy, as the company is not relying on debt to fund its operations. This may also reflect positively on the company's financial health and ability to manage its capital structure efficiently.
Peer comparison
Dec 31, 2024