Tootsie Roll Industries Inc (TR)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $870,743K
= 0.00
Based on the provided data, Tootsie Roll Industries Inc has consistently maintained a debt-to-equity ratio of 0.00 over the past five years, from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt to finance its operations and growth, relying solely on equity funding. A debt-to-equity ratio of 0.00 suggests that the company has a conservative and low-risk financing structure, with a high proportion of equity relative to debt in its capital structure. This may reflect a strong financial position and capital adequacy, as the absence of debt obligations can reduce financial risk and interest expense. However, it is essential to consider other financial metrics and qualitative factors to gain a comprehensive understanding of the company's financial health and risk profile.
Peer comparison
Dec 31, 2024