Tootsie Roll Industries Inc (TR)

Debt-to-equity 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 stockholders’ equity US$ in thousands 870,743 870,161 841,414 834,420 823,422 803,874 785,376 791,691 783,171 783,601 769,276 769,759 769,042 756,762 752,819 758,816 763,327 760,965 752,608 751,732
Debt-to-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $870,743K
= 0.00

The debt-to-equity ratio of Tootsie Roll Industries Inc has consistently been reported as 0.00 for the period from March 31, 2020, to December 31, 2024. This indicates that the company has not had any debt relative to its equity during this period. A debt-to-equity ratio of 0.00 typically suggests that the company is not utilizing debt financing and is primarily relying on equity to fund its operations and growth. This can be viewed positively by investors and creditors as it indicates a lower financial risk and a strong equity base to support the company's activities.


Peer comparison

Dec 31, 2024

Company name
Symbol
Debt-to-equity ratio
Tootsie Roll Industries Inc
TR
0.00
Hershey Co
HSY
0.00
John B Sanfilippo & Son Inc
JBSS
0.02