Tootsie Roll Industries Inc (TR)

Solvency ratios

	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
Debt-to-assets 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
Debt-to-capital 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
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
Financial leverage ratio	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	1.29	1.30	1.28	1.26

Tootsie Roll Industries, Inc. has shown consistently low solvency ratios across various quarters, indicating a strong financial position. The company's debt-to-assets, debt-to-capital, and debt-to-equity ratios have all remained at a low and stable level of 0.01 throughout the quarters in consideration. This suggests that Tootsie Roll has minimal dependence on debt to finance its operations and is not heavily leveraged.

The financial leverage ratio, which measures the company's ability to meet its financial obligations, has also been relatively stable in the range of 1.29 to 1.33. While the ratio has slightly fluctuated, it remains within a reasonable range, indicating a balanced capital structure. Overall, Tootsie Roll Industries appears to have a very low level of financial risk and a solid solvency position based on the analysis of its solvency ratios.

Coverage ratios

	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
Interest coverage	—	5.54	4.66	3.36	5.00	5.96	6.05	15.48	33,566.50	—	—	—	—	280.31	164.04	127.58	78.65	88.41	85.47	87.02

Based on the absence of data for the interest coverage ratio in the provided table across all quarters in 2023 and 2022, it is not possible to analyze Tootsie Roll Industries, Inc.'s ability to meet its interest obligations using this specific ratio during that period. It is essential to have this information to assess the company's capability to cover interest expenses with its operating income. Therefore, further financial data or disclosures are required to evaluate the company's financial health in terms of interest coverage.