Tootsie Roll Industries Inc (TR)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,147,180 | 1,146,220 | 1,102,600 | 1,093,450 | 1,084,390 | 1,065,910 | 1,033,990 | 1,019,610 | 1,018,780 | 1,026,360 | 1,001,110 | 1,012,850 | 1,018,620 | 1,015,440 | 994,958 | 978,991 | 984,558 | 982,035 | 974,501 | 955,927 |
| 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 |
| Financial leverage ratio | 1.32 | 1.32 | 1.31 | 1.31 | 1.32 | 1.33 | 1.32 | 1.29 | 1.30 | 1.31 | 1.30 | 1.32 | 1.32 | 1.34 | 1.32 | 1.29 | 1.29 | 1.29 | 1.29 | 1.27 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,147,180K ÷ $870,743K
= 1.32
The financial leverage ratio of Tootsie Roll Industries Inc has shown some fluctuations over the years but has generally stayed within a narrow range. The ratio, which measures the company's level of debt in relation to its equity, started at 1.27 on March 31, 2020, and gradually increased to 1.34 by September 30, 2021. This upward trend indicates an increasing reliance on debt financing during this period.
However, from June 30, 2021, to June 30, 2024, the financial leverage ratio fluctuated between 1.30 and 1.32, suggesting a relatively stable debt-to-equity structure. By the end of December 31, 2024, the ratio stood at 1.32.
Overall, the financial leverage ratio of Tootsie Roll Industries Inc indicates a moderate level of leverage, with a slight upward trend observed over the years. It is essential for investors and stakeholders to monitor this ratio to assess the company's ability to meet its debt obligations and manage financial risk effectively.
Peer comparison
Dec 31, 2024