Tootsie Roll Industries Inc (TR)

Debt-to-capital ratio

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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Long-term debt US$ in thousands 7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500
Total stockholders’ equity US$ in thousands 823,422 803,874 785,376 791,691 783,171 783,601 769,276 769,759 769,042 756,762 752,819 758,816 763,327 760,965 752,608 751,732 759,854 758,329 742,804 744,828
Debt-to-capital ratio 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $7,500K ÷ ($7,500K + $823,422K)
= 0.01

The debt-to-capital ratio of Tootsie Roll Industries, Inc. has remained consistent at 0.01 for the past eight consecutive quarters, indicating that the company's debt obligations form a very small portion of its total capital structure. This suggests that Tootsie Roll relies more on equity financing rather than debt to fund its operations and investments. The stability of the ratio over time signifies that the company has maintained a conservative approach to leverage and is managing its debt levels prudently. Overall, the low and consistent debt-to-capital ratio reflects Tootsie Roll's strong financial position and ability to efficiently manage its capital structure.


Peer comparison

Dec 31, 2023

Company name
Symbol
Debt-to-capital ratio
Tootsie Roll Industries Inc
TR
0.01
Hershey Co
HSY
0.48
John B Sanfilippo & Son Inc
JBSS
0.02