Tootsie Roll Industries Inc (TR)
Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $7,500K ÷ $823,422K
= 0.01
Tootsie Roll Industries, Inc. has consistently maintained a very low debt-to-equity ratio of 0.01 across all quarters in the provided data. This indicates that the company relies very little on debt to finance its operations and growth. A debt-to-equity ratio of 0.01 implies that only a marginal portion of the company's assets is funded through debt, with the majority being financed through equity. This suggests that Tootsie Roll Industries has a strong financial position and is not heavily leveraged, which can be beneficial in times of economic uncertainty or rising interest rates. Overall, the company's stable and low debt-to-equity ratio reflects its conservative capital structure and financial stability.
Peer comparison
Dec 31, 2023