Tootsie Roll Industries Inc (TR)
Interest coverage
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 120,257 | 98,290 | 85,793 | 76,447 | 85,705 |
| Interest expense | US$ in thousands | 337 | 104 | 46 | 164 | 220 |
| Interest coverage | 356.85 | 945.10 | 1,865.07 | 466.14 | 389.57 |
December 31, 2023 calculation
Interest coverage = EBIT ÷ Interest expense
= $120,257K ÷ $337K
= 356.85
Unfortunately, without the specific data for interest expense and EBIT (earnings before interest and taxes) for Tootsie Roll Industries, Inc. in the years provided, the interest coverage ratio cannot be calculated or analyzed. The interest coverage ratio is a key financial metric used to assess a company's ability to meet its interest payment obligations from its operating income. It indicates the company's ability to handle its interest expense with its earnings and is crucial for evaluating its financial health and the risk associated with its debt obligations. Investors and analysts use this ratio to gauge the company's solvency and financial stability. In the absence of the necessary data, a detailed analysis or interpretation of Tootsie Roll Industries Inc.'s interest coverage ratio is not possible.
Peer comparison
Dec 31, 2023