Toro Co (TTC)

Solvency ratios

	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
Debt-to-assets ratio	0.25	0.26	0.26	0.31	0.28	0.30	0.28	0.30	0.28	0.29	0.28	0.30	0.24	0.20	0.20	0.24	0.24	0.28	0.28	0.24
Debt-to-capital ratio	0.37	0.37	0.38	0.43	0.41	0.42	0.40	0.43	0.42	0.44	0.45	0.47	0.38	0.32	0.32	0.37	0.38	0.43	0.45	0.40
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
Financial leverage ratio	2.31	2.28	2.33	2.46	2.41	2.43	2.40	2.53	2.63	2.67	2.84	2.91	2.55	2.40	2.44	2.44	2.56	2.67	2.85	2.73

Toro Co's solvency ratios show the company's ability to meet its long-term debt obligations. Over the period examined, the debt-to-assets ratio has remained relatively stable, ranging between 0.24 to 0.31, indicating that Toro Co finances about 24% to 31% of its assets through debt.

The debt-to-capital ratio has also shown consistency, staying within the range of 0.32 to 0.47. This ratio indicates that debt accounts for approximately 32% to 47% of the company's capital structure.

The debt-to-equity ratio, which signifies the proportion of debt financing relative to equity, has shown some variability, ranging from 0.47 to 0.89. This suggests that Toro Co has relied on debt for around 47% to 89% of its equity financing over the period.

The financial leverage ratio, which reflects the company's level of financial risk, has fluctuated between 2.28 to 2.91. This indicates that Toro Co's financial leverage has ranged from 2.28 to 2.91 times relative to its equity, showing some volatility in the company's financial risk profile.

Overall, Toro Co's solvency ratios suggest a moderate level of debt utilization and financial leverage, with some fluctuations observed over the periods analyzed. Investors and stakeholders should monitor these ratios to assess the company's long-term financial health and risk management strategies.

Coverage ratios

	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
Interest coverage	8.62	8.33	5.60	6.30	7.34	8.80	13.51	14.49	16.11	16.00	15.78	16.64	18.08	18.21	17.36	14.99	13.28	11.81	10.42	11.49

The interest coverage ratio for Toro Co has fluctuated over the past two years, ranging from a low of 5.60 to a high of 18.21. The ratio indicates the company's ability to cover its interest expenses with its operating income. A higher ratio suggests that the company is more capable of meeting its interest obligations.

In general, Toro Co has maintained a healthy interest coverage ratio above 8, which indicates a strong ability to meet its interest payments. The highest interest coverage ratio of 18.21 was observed in October 2021, suggesting that the company had ample operating income to cover its interest expenses during that period.

Overall, Toro Co's interest coverage ratio demonstrates a consistent ability to meet its interest obligations, reflecting a stable financial position in terms of debt repayment capacity.