Toro Co (TTC)

Debt-to-equity ratio

		Oct 31, 2024	Aug 2, 2024	May 3, 2024	Feb 2, 2024	Oct 31, 2023	Aug 4, 2023	May 5, 2023	Feb 3, 2023	Oct 31, 2022	Jul 29, 2022	Apr 29, 2022	Jan 28, 2022	Oct 31, 2021	Jul 30, 2021	Apr 30, 2021	Jan 29, 2021	Oct 31, 2020	Jul 31, 2020	May 1, 2020	Jan 31, 2020
Long-term debt	US$ in thousands	911,800	966,600	1,003,300	1,179,800	1,031,500	1,061,300	1,041,200	1,091,000	990,800	990,616	990,970	991,354	691,242	587,345	591,496	691,356	691,250	782,036	790,908	601,016
Total stockholders’ equity	US$ in thousands	1,551,900	1,636,400	1,651,400	1,547,900	1,510,900	1,477,100	1,560,000	1,444,200	1,351,700	1,286,600	1,223,520	1,119,550	1,151,130	1,237,180	1,229,420	1,179,720	1,114,830	1,054,030	984,950	912,050
Debt-to-equity ratio		0.59	0.59	0.61	0.76	0.68	0.72	0.67	0.76	0.73	0.77	0.81	0.89	0.60	0.47	0.48	0.59	0.62	0.74	0.80	0.66

October 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $911,800K ÷ $1,551,900K
= 0.59

The debt-to-equity ratio of Toro Co has fluctuated over the past few years, indicating varying levels of debt and equity financing in the company's capital structure. The trend shows that the company has generally maintained a moderate level of leverage, with the ratio ranging from 0.47 to 0.89.

In recent periods, the ratio has ranged from 0.59 to 0.61, showing a relatively stable level of debt relative to equity. However, there was a notable increase to 0.76 in the February 2024 period, which suggests a higher proportion of debt compared to equity at that time.

Overall, the company's debt-to-equity ratio indicates that Toro Co has been managing its financial leverage effectively, but investors and stakeholders should monitor any significant changes in the ratio, especially periods where the ratio deviates significantly from the historical trend.