Tractor Supply Balance Sheet Health
Financial Health criteria checks 3/6
Tractor Supply has a total shareholder equity of $2.3B and total debt of $1.8B, which brings its debt-to-equity ratio to 80%. Its total assets and total liabilities are $9.8B and $7.5B respectively. Tractor Supply's EBIT is $1.5B making its interest coverage ratio 30.1. It has cash and short-term investments of $186.3M.
Key information
80.0%
Debt to equity ratio
US$1.83b
Debt
| Interest coverage ratio | 30.1x |
| Cash | US$186.29m |
| Equity | US$2.29b |
| Total liabilities | US$7.48b |
| Total assets | US$9.77b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TSCO's short term assets ($3.5B) exceed its short term liabilities ($2.3B).
Long Term Liabilities: TSCO's short term assets ($3.5B) do not cover its long term liabilities ($5.1B).
Debt to Equity History and Analysis
Debt Level: TSCO's net debt to equity ratio (71.9%) is considered high.
Reducing Debt: TSCO's debt to equity ratio has increased from 43.2% to 80% over the past 5 years.
Debt Coverage: TSCO's debt is well covered by operating cash flow (71%).
Interest Coverage: TSCO's interest payments on its debt are well covered by EBIT (30.1x coverage).