Tootsie Roll Industries (Tootsie Roll Industries) Interest Expense : $0.0 Mil (TTM As of Dec. 2023)

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What is Tootsie Roll Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tootsie Roll Industries's interest expense for the three months ended in Dec. 2023 was $ 0.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $0.0 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Tootsie Roll Industries's Operating Income for the three months ended in Dec. 2023 was $ 28.4 Mil. Tootsie Roll Industries's Interest Expense for the three months ended in Dec. 2023 was $ 0.0 Mil. GuruFocus does not calculate Tootsie Roll Industries's interest coverage with the available data. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Tootsie Roll Industries Interest Expense Historical Data

The historical data trend for Tootsie Roll Industries's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Tootsie Roll Industries Interest Expense Chart

Tootsie Roll Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.22

-0.16

-0.05

-0.10

-0.34

Tootsie Roll Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-	-	-	-	-

Tootsie Roll Industries Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.0 Mil.

Tootsie Roll Industries (NYSE:TR) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Tootsie Roll Industries's Interest Expense for the three months ended in Dec. 2023 was $0.0 Mil. Its Operating Income for the three months ended in Dec. 2023 was $28.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $13.5 Mil.

Tootsie Roll Industries's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

GuruFocus does not calculate Tootsie Roll Industries's interest coverage with the available data.

The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Tootsie Roll Industries Inc has enough cash to cover all of its debt. Its financial situation is stable.

Tootsie Roll Industries (Tootsie Roll Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Tootsie Roll Industries Inc (NYSE:TR) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

TZ3:Germany

Address

7401 South Cicero Avenue, Chicago, IL, USA, 60629

Website

https://www.tootsie.com

Tootsie Roll Industries Inc manufactures and sells candy products. Notable varieties include Tootsie Roll and Tootsie Pops, Charms, Blow-Pops, Dots, Junior Mints, Sugar Daddy and Sugar Babies, Andes, Dubble Bubble, and Razzles. The company sells its products to wholesale distributors and directly to retail stores. Geographically, it generates a majority of its revenue from the United States.

Executives

Henry G Mills	officer: Vice President	C/O TOOTSIE ROLL INDUSTRIES, INC., 7401 S. CICERO AVE, CHICAGO IL 60629
Leigh R Weiner	10 percent owner
Virginia L Gordon	director	C/O TOOTSIE ROLL INDUSTRIES, INC., 7401 S. CICERO AVE, CHICAGO IL 60629
Stephen Green	officer: VP Manufacturing	C/O TOOTAIE ROLL INDUSTRIES, INC., 7401 S. CICERO AVE., CHICAGO IL 60629
Ellen R Gordon	director, 10 percent owner, officer: President
Lewis Brent Lana Jane	director
Newlin John W. Jr.	officer: Vice President-Mfg.	C/O TOOTSIE ROLL INDUSTRIES, INC., 7401 S. CICERO AVENUE, CHICAGO IL 60629
Barre A Seibert	director	C/O TOOTSIE ROLL INDUSTRIES, INC., 7401 S. CICERO AVE, CHICAGO IL 60629
G Howard Ember	officer: CFO
John P Majors	officer: VP-Logistics	TOOTSIE ROLL INDUSTRIES, INC., 7401 S. CICERO AVE., CHICAGO IL 60629
Melvin J Gordon	director, 10 percent owner, officer: Chairman