Essay about Financial Analysis - Tootsie Roll

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The company that I chose to analyze is Tootsie Roll. Throughout my life I have always had somewhat of a sweet tooth and have been very intrigued in the process of business. Now I have the opportunity to look further into such a great company such as Tootsie Roll and really find out how the business is run and what type of work is invested in such a well known business. The ticker symbol for the Tootsie Roll Company is quite simple by using just two letters, TR. With this symbol it is easy to find different information regarding the company’s stock exchange and other finances. The stock exchange in which Tootsie Rolls shares are listed is the New York Stock Exchange (NYSE). According to Yahoo Finance, the current share price for common …show more content…
In addition, Class B is not traded on any exchange, is restricted as to transfer and is convertible on a share-for-share basis, at any time and at no cost to the holders, into shares of Common Stock which are traded on the New York Stock Exchange. The results of the outstanding shares and treasury stock for 2006 and 2005 are expressed below as recorded on the balance sheet. Class B common shares Outstanding: By looking at the outcome of the dividend payout ratio you can see that Tootsie Roll Industries, Inc. allocated 26% of their net income to dividends and 74% was retained for operating needs in 2006 and 20.7% of their net income to dividends with a retained 79.3% for operating use in 2005. Also, the dividend yield ratio shows that $.26 is paid to the shareholders for every dollar that is earned in 2006 and $.21 is paid to the shareholders for every dollar earned in 2005. The market share price for 2006 and 2005 was based on the close price as of 12/31/2006 and 12/31/2005. Based on my overall analysis of the debt and equity financing, Tootsie Roll is expanding. The company’s long term debt has decreased and they did not purchase any new loans from the bank in 2006 which decreases interest expenses and liabilities and gains assets (considering the outstanding loans as of December 31, 2005 we paid off in 2006). In addition the outstanding shares decreased by 1.7 % but the treasury
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