The Toro Co (The Toro Co) Debt-to-Equity

: 0.85 (As of Jan. 2024)

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The Toro Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $26 Mil. The Toro Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $1,288 Mil. The Toro Co's Total Stockholders Equity for the quarter that ended in Jan. 2024 was $1,548 Mil. The Toro Co's debt to equity for the quarter that ended in Jan. 2024 was 0.85.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for The Toro Co's Debt-to-Equity or its related term are showing as below:

TTC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.45 Med: 0.78 Max: 1.05
Current: 0.85

During the past 13 years, the highest Debt-to-Equity Ratio of The Toro Co was 1.05. The lowest was 0.45. And the median was 0.78.

TTC's Debt-to-Equity is ranked worse than
83.24% of 2619 companies
in the Industrial Products industry
Industry Median: 0.29 vs TTC: 0.85

The Toro Co Debt-to-Equity Historical Data

The historical data trend for The Toro Co's Debt-to-Equity 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.

* Premium members only.

The Toro Co Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Debt-to-Equity

0.82

0.78

0.66

0.79

0.77

The Toro Co Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Equity																0.81	0.72	0.80	0.77	0.85

Competitive Comparison

For the Tools & Accessories subindustry, The Toro Co's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.

The Toro Co Debt-to-Equity Distribution

For the Industrial Products industry and Industrials sector, The Toro Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where The Toro Co's Debt-to-Equity falls into.

The Toro Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

The Toro Co's Debt to Equity Ratio for the fiscal year that ended in Oct. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(19.5	+	1143.6)	/	1510.9
	=	0.77

The Toro Co's Debt to Equity Ratio for the quarter that ended in Jan. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(25.6	+	1288.2)	/	1547.9
	=	0.85

The Toro Co (NYSE:TTC) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

The Toro Co Debt-to-Equity Related Terms

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The Toro Co (The Toro Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » The Toro Co (NYSE:TTC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TO2:Germany

Address

8111 Lyndale Avenue South, Bloomington, MN, USA, 55420-1196

Website

https://www.thetorocompany.com

The Toro Co manufactures turf maintenance and landscaping equipment. The company produces reel and rotary riding products, trim cutting and walking mowers, greens rollers, turf sprayer equipment, underground irrigation systems, heavy-duty walk-behind mowers, and sprinkler systems used for professional turf and landscape maintenance and construction. Its products are marketed through a network of distributors and dealers to predominantly professional users maintaining turfs and sports fields such as golf courses. Its operating segments are Professional which generates a substantial part of its revenue, and Residential segment. The company also produces snow plowers and ice management products. Its key revenue generating market is the United States.

Executives

Gregory S Janey	officer: VP, RLC	8111 LYNDALE AVENUE SOUTH, BLOOMINGTON MN 55420
Janet Katherine Cooper	director	8111 LYNDALE AVENUE SOUTH, BLOOMINGTON MN 55420
Kurt D Svendsen	officer: VP, Information Services	8111 LYNDALE AVENUE SOUTH, BLOOMINGTON MN 55420
Kevin N Carpenter	officer: VP, Global Ops & Supply Chain	8111 LYNDALE AVE S, BLOOMINGTON MN 55420
Edric C Funk	officer: Group VP, Golf, Grounds & Irr	8111 LYNDALE AVENUE SOUTH, BLOOMINGTON MN 55420
Jason P Baab	officer: VP, Strategy, Corp Dev & Sust	8111 LYNDALE AVENUE SOUTH, BLOOMINGTON MN 55420
Daryn A Walters	officer: VP, Exmark	8111 LYNDALE AVE S, BLOOMINGTON MN 55420
Joanna M. Totsky	officer: VP, GC & Corp Secretary	40300 TRADITIONS DRIVE, NORTHVILLE MI 48168
Richard W Rodier	officer: Section 16	8111 LYNDALE AVENUE SOUTH, BLOOMINGTON MN 55420
Gary Lee Ellis	director	THE TORO COMPANY, 8111 LYNDALE AVENUE SOUTH, BLOOMINGTON MN 55420
Jody M Christy	officer: Vice President, BOSS	8111 LYNDALE AVENUE SOUTH, BLOOMINGTON MN 55420
Renee J Peterson	officer: VP, Finance & CFO	8111 LYNDALE AVENUE SOUTH, BLOOMINGTON MN 55420
Blake M Grams	officer: mging dir., corp. controller	8111 LYNDALE AVENUE SOUTH, BLOOMINGTON MN 55420
Richard M Olson	officer: VP, Exmark	8111 LYNDALE AVENUE SOUTH, BLOOMINGTON MN 55420
Amy E Dahl	officer: VP, Human Resources	8111 LYNDALE AVENUE SOUTH, BLOOMINGTON MN 55420