Toro (TORO) Debt Ratio (2021 - 2023)

Toro (TORO) posted Debt Ratio of 0.02 for Q4 2023, down 14.1% sequentially from 0.02 in Q3 2023, and down 79.89% YoY from 0.08 in Q4 2022.

Toro (TORO) Debt Ratio (2021 - 2023) Analysis & Trends

Toro has reported Debt Ratio for 3 years, with the latest figure at 0.02 in Q4 2023.

Quarterly Debt Ratio fell 79.89% year-over-year to 0.02 in Q4 2023, while the trailing twelve-month figure through Dec 2023 was 0.02 (down 79.89% YoY) and the FY2023 annual result came in at 0.02, down 79.89% from the prior year.
Debt Ratio retreated to 0.02 in Q4 2023 per TORO's latest filing, from 0.02 in the prior quarter.
Over five years, Debt Ratio peaked at 0.13 in Q4 2021 and troughed at 0.02 in Q4 2023.
A 3-year average of 0.06 and a median of 0.05 in 2023 frame the typical range for Debt Ratio.
The sharpest annual moves came in 2022 and 2023: Debt Ratio tumbled 35.97% in 2022, then sank 79.89% in 2023.
Over 3 years, Debt Ratio stood at 0.13 in 2021, then sank by 35.97% to 0.08 in 2022, then tumbled by 79.89% to 0.02 in 2023.
According to Business Quant data, Debt Ratio over the past three periods registered 0.02, 0.02, and 0.02 for Q4 2023, Q3 2023, and Q2 2023 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Debt Ratio (Qtr)
1	Kinder Morgan	112.69 Bn	112.57 Bn	3.07 Bn	0.44
2	Enbridge	110.69 Bn	109.19 Bn	5.23 Bn	0.48
3	Enterprise Products Partners	83.45 Bn	82.54 Bn	-	0.41
4	Energy Transfer	72.64 Bn	71.61 Bn	7.40 Bn	0.46
5	Tc Energy	65.84 Bn	58.29 Bn	1.24 Bn	-
6	Mplx	60.05 Bn	59.02 Bn	2.73 Bn	0.60
7	Oneok	59.98 Bn	59.82 Bn	2.81 Bn	0.48
8	Targa Resources	59.50 Bn	59.37 Bn	2.14 Bn	0.69
9	Cheniere Energy	55.93 Bn	54.68 Bn	5.29 Bn	0.50
10	Toro	100.16 Mn	100.16 Mn	3.63 Mn	-

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