Tootsie Short Term Investments vs Long Term Debt Analysis
TR Stock | USD 28.50 0.35 1.21% |
Tootsie Roll financial indicator trend analysis is much more than just breaking down Tootsie Roll Industries prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tootsie Roll Industries is a good investment. Please check the relationship between Tootsie Roll Short Term Investments and its Long Term Debt accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tootsie Roll Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
Short Term Investments vs Long Term Debt
Short Term Investments vs Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tootsie Roll Industries Short Term Investments account and Long Term Debt. At this time, the significance of the direction appears to have no relationship.
The correlation between Tootsie Roll's Short Term Investments and Long Term Debt is 0.07. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Tootsie Roll Industries, assuming nothing else is changed. The correlation between historical values of Tootsie Roll's Short Term Investments and Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Investments of Tootsie Roll Industries are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Short Term Investments i.e., Tootsie Roll's Short Term Investments and Long Term Debt go up and down completely randomly.
Correlation Coefficient | 0.07 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Short Term Investments
Short Term Investments is an item under the current assets section of Tootsie Roll balance sheet. It contains any investments Tootsie Roll Industries undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Tootsie Roll Industries can easily liquidate in the marketplace.Long Term Debt
Long-term debt is a debt that Tootsie Roll Industries has held for over one year. Long-term debt appears on Tootsie Roll Industries balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Tootsie Roll Industries balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.Most indicators from Tootsie Roll's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tootsie Roll Industries current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tootsie Roll Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. At this time, Tootsie Roll's Sales General And Administrative To Revenue is relatively stable compared to the past year. As of 06/19/2024, Enterprise Value is likely to grow to about 2.4 B, while Selling General Administrative is likely to drop slightly above 68.3 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 194.5M | 227.2M | 257.4M | 181.3M | Total Revenue | 566.0M | 681.4M | 769.4M | 451.1M |
Tootsie Roll fundamental ratios Correlations
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Tootsie Roll Account Relationship Matchups
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Tootsie Roll fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 977.9M | 984.6M | 1.0B | 1.0B | 1.1B | 688.6M | |
Short Long Term Debt Total | 9.8M | 9.2M | 15.9M | 13.3M | 15.9M | 13.1M | |
Other Current Liab | 65.0M | 55.4M | 63.0M | 63.0M | 68.6M | 43.2M | |
Total Current Liabilities | 79.5M | 70.0M | 80.0M | 90.1M | 94.9M | 60.6M | |
Total Stockholder Equity | 759.9M | 763.3M | 769.0M | 783.2M | 823.4M | 535.9M | |
Property Plant And Equipment Net | 188.5M | 187.3M | 208.9M | 212.0M | 223.0M | 149.8M | |
Net Debt | (129.1M) | (157.7M) | (90.0M) | (40.0M) | (60.4M) | (63.4M) | |
Retained Earnings | 40.8M | 32.3M | 39.5M | 48.3M | 62.9M | 79.8M | |
Cash | 139.0M | 166.8M | 105.8M | 53.3M | 76.3M | 75.6M | |
Non Current Assets Total | 624.5M | 663.7M | 750.3M | 709.8M | 743.7M | 465.7M | |
Non Currrent Assets Other | 34.1M | 7.0M | 603K | 465K | 15.2M | 14.4M | |
Cash And Short Term Investments | 239.4M | 208.9M | 145.8M | 149.4M | 171.8M | 110.3M | |
Net Receivables | 48.5M | 45.1M | 58.8M | 62.9M | 64.7M | 36.7M | |
Common Stock Shares Outstanding | 75.9M | 74.9M | 73.7M | 73.0M | 71.9M | 71.0M | |
Liabilities And Stockholders Equity | 977.9M | 984.6M | 1.0B | 1.0B | 1.1B | 688.6M | |
Non Current Liabilities Total | 138.7M | 151.4M | 169.9M | 145.8M | 166.4M | 92.0M | |
Inventory | 59.1M | 59.6M | 55.5M | 84.3M | 94.9M | 50.8M | |
Other Current Assets | 6.4M | 7.3M | 8.1M | 12.5M | 9.2M | 18.2M | |
Other Stockholder Equity | 694.1M | 704.9M | 707.9M | 717.6M | 735.5M | 427.1M | |
Total Liab | 218.2M | 221.5M | 249.8M | 235.9M | 261.3M | 152.7M | |
Property Plant And Equipment Gross | 188.5M | 187.3M | 621.4M | 641.2M | 670.5M | 704.0M | |
Total Current Assets | 353.3M | 320.9M | 268.3M | 309.0M | 340.7M | 222.9M | |
Accumulated Other Comprehensive Income | (20.2M) | (19.8M) | (25.0M) | (30.2M) | (23.2M) | (24.4M) | |
Short Term Debt | 1.8M | 1.6M | 2.0M | 1.8M | 2.4M | 4.1M | |
Accounts Payable | 12.7M | 13.0M | 15.0M | 25.2M | 15.8M | 12.3M | |
Common Stock Total Equity | 45.2M | 45.9M | 46.6M | 47.5M | 54.6M | 44.0M | |
Short Term Investments | 100.4M | 42.1M | 40.0M | 96.1M | 95.5M | 54.1M | |
Common Stock | 45.2M | 45.9M | 46.6M | 47.5M | 48.2M | 44.4M | |
Other Liab | 130.7M | 143.9M | 156.0M | 134.3M | 154.5M | 95.2M | |
Other Assets | 34.8M | 403.1M | 2.0M | 1.9M | 2.2M | 2.1M | |
Property Plant Equipment | 188.5M | 187.3M | 208.9M | 212.0M | 243.8M | 204.0M | |
Net Tangible Assets | 511.6M | 515.1M | 520.8M | 534.9M | 615.1M | 516.0M | |
Noncontrolling Interest In Consolidated Entity | (205K) | (227K) | (245K) | (289K) | (260.1K) | (247.1K) | |
Retained Earnings Total Equity | 40.8M | 32.3M | 39.5M | 48.3M | 43.4M | 50.3M | |
Capital Surpluse | 696.1M | 706.9M | 709.9M | 719.6M | 827.5M | 695.0M |
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