Preheat oven to 350℉.
Place sliced baguettes on a baking sheet and drizzle with 2 tablespoons of olive oil. Bake for 10 minutes. Remove from oven and set aside.
Heat 2 tablespoons of olive oil in a Dutch oven over medium heat. Add the shallot and cook for 3 minutes. The shallot should be soft and translucent.
Add the garlic and tomato paste and cook for 1 minute.
Next, add the canned tomatoes, broth, salt, pepper, sugar, oregano, thyme, and basil. Bring to a boil, place the lid on, and reduce heat to low for a simmer. Simmer for 20 minutes.
Remove from heat and stir in ricotta cheese.
Set the oven to broil.
To serve, place up to 2 cups of soup into a bowl. Top with 3-4 pieces of baguette and top with 1 tablespoon of shredded cheddar cheese. Place under the broiler for 1-2 minutes or until the cheese is hot and bubbly.