Toro (TORO) Debt Ratio (2021 - 2023)

Toro (TORO) posted quarterly Debt Ratio of 0.02 for Q4 2023, down 79.89% year-on-year from 0.08 in Q4 2022, and down 14.1% on a QoQ basis from 0.02 in Q3 2023.

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

Toro (TORO) has reported Debt Ratio for 3 consecutive years, with 0.02 the latest figure, recorded 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 declined to 0.02 in Q4 2023 per TORO's latest filing, from 0.02 in the prior quarter.
  • Over the last five years, Debt Ratio for TORO reached as high as 0.13 in Q4 2021 and fell as low as 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.
  • Annual changes were most pronounced in 2022 — Debt Ratio tumbled 35.97% — and 2023, when it sank 79.89%.
  • Year by year, Debt Ratio stood at 0.13 in 2021, then slumped by 35.97% to 0.08 in 2022, then plunged 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.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 DHT Holdings 2,706.13 Bn 2,706.00 Bn 167.16 Mn 0.06
2 Flex LNG 1,674.16 Bn 1,673.77 Bn 61.79 Mn 0.70
3 Kinder Morgan 112.74 Bn 113.82 Bn 3.07 Bn 0.44
4 Enbridge 89.82 Bn 89.03 Bn 6.70 Bn 0.47
5 Enterprise Products Partners 83.97 Bn 82.82 Bn - 0.42
6 Tc Energy 72.76 Bn 73.95 Bn 1.36 Bn 0.39
7 Energy Transfer 70.27 Bn 69.30 Bn 6.62 Bn 0.47
8 Targa Resources 61.30 Bn 61.34 Bn 1.70 Bn 0.70
9 Oneok 61.15 Bn 61.02 Bn 8.98 Bn 0.49
10 Toro 123.18 Mn 123.18 Mn - -

Historic Data

Download Data
DateValue
Dec 31, 2023 0.02
Sep 30, 2023 0.02
Jun 30, 2023 0.02
Mar 31, 2023 0.07
Dec 31, 2022 0.08
Dec 31, 2021 0.13