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| Date | Value |
|---|---|
| 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 |