Tootsie Roll Industries, Inc. (TR) - Questionable
Tootsie Roll Industries, Inc. (TR) is classified as Questionable according to AAOIFI Shariah screening standards. This assessment is based on business activity screening and financial ratio analysis using the AAOIFI methodology.
Business Activity Screen
- Sector
- Consumer Defensive
- Industry
- Confectioners
- Result
- Doubtful
- Reason
- This company requires further review: description mentions: military. The sector "Consumer Defensive" is not categorically excluded, but deeper analysis is recommended.
Financial Ratios
- Debt Ratio
- Value: 0.5% | Threshold: 30% | Result: Pass
- Cash & Interest-bearing Securities Ratio
- Value: 5.3% | Threshold: 30% | Result: Pass
- Non-Permissible Income Ratio
- Value: 2.7% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 2.69%.Based on the company's financial statements, approximately 2.69% of dividend income should be donated to charity for purification. This is derived from identified interest income (2.69% of total income). Some scholars may differ on the exact calculation method.
About Tootsie Roll Industries, Inc.
Tootsie Roll Industries, Inc., together with its subsidiaries, manufactures and sells confectionery products in the United States, Canada, Mexico, and internationally. The company sells its products under the Tootsie Roll, Tootsie Fruit Roll, Tootsie Pops, Tootsie Mini Pops, Child's Play, Caramel Apple Pops, Charms, Blow-Pop, Charms Mini Pops, Cella's, Dots, Junior Mints, Charleston Chew, Sugar Daddy, Sugar Babies, Andes, Fluffy Stuff, Dubble Bubble, Razzles, Cry Baby, Nik-L-Nip, And Tutsi Pop trademarks. It sells its products directly to wholesale distributors of candy, food and groceries, supermarkets, variety stores, dollar stores, chain grocers, drug chains, discount chains, cooperative grocery associations, mass merchandisers, warehouse and membership club stores, vending machine operators, e-commerce merchants, on-line marketplaces, the U.S. military and fund-raising charitable organizations, as well as through food and grocery brokers. Tootsie Roll Industries, Inc. was founded in 1896 and is headquartered in Chicago, Illinois.