Tootsie Roll Industries (Tootsie Roll Industries) Cash-to-Debt

: 10.79 (As of Dec. 2023)

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Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Tootsie Roll Industries's cash to debt ratio for the quarter that ended in Dec. 2023 was 10.79.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Tootsie Roll Industries could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Tootsie Roll Industries's Cash-to-Debt or its related term are showing as below:

TROLB' s Cash-to-Debt Range Over the Past 10 Years
Min: 9.2 Med: 19.06 Max: 24.36
Current: 10.79

During the past 13 years, Tootsie Roll Industries's highest Cash to Debt Ratio was 24.36. The lowest was 9.20. And the median was 19.06.

TROLB's Cash-to-Debt is ranked better than
84.01% of 1851 companies
in the Consumer Packaged Goods industry
Industry Median: 0.53 vs TROLB: 10.79

Tootsie Roll Industries Cash-to-Debt Historical Data

The historical data trend for Tootsie Roll Industries's Cash-to-Debt 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Tootsie Roll Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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24.36

22.74

9.20

11.24

10.79

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
Cash-to-Debt	Get a 7-Day Free Trial															11.24	9.35	7.33	9.28	10.79

Competitive Comparison

For the Confectioners subindustry, Tootsie Roll Industries's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Tootsie Roll Industries Cash-to-Debt Distribution

For the Consumer Packaged Goods industry and Consumer Defensive sector, Tootsie Roll Industries's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Tootsie Roll Industries's Cash-to-Debt falls into.

Tootsie Roll Industries Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Tootsie Roll Industries's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	171.422	/	(2.377	+	13.518)
	=	10.78

Tootsie Roll Industries's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	171.422	/	(2.377	+	13.518)
	=	10.78

Tootsie Roll Industries (OTCPK:TROLB) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Tootsie Roll Industries Cash-to-Debt Related Terms

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Tootsie Roll Industries (Tootsie Roll Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Tootsie Roll Industries Inc (OTCPK:TROLB) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

TR:USA 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.