Canadian Tire Corporation Balance Sheet Health
Financial Health criteria checks 3/6
Canadian Tire has a total shareholder equity of CA$6.4B and total debt of CA$9.3B, which brings its debt-to-equity ratio to 144.2%. Its total assets and total liabilities are CA$22.0B and CA$15.5B respectively. Canadian Tire's EBIT is CA$1.3B making its interest coverage ratio 4. It has cash and short-term investments of CA$488.4M.
Key information
144.2%
Debt to equity ratio
CA$9.29b
Debt
| Interest coverage ratio | 4x |
| Cash | CA$488.40m |
| Equity | CA$6.44b |
| Total liabilities | CA$15.53b |
| Total assets | CA$21.98b |
Recent financial health updates
These 4 Measures Indicate That Canadian Tire Corporation (TSE:CTC.A) Is Using Debt In A Risky Way
Apr 02
These 4 Measures Indicate That Canadian Tire Corporation (TSE:CTC.A) Is Using Debt Extensively
Jun 16Canadian Tire Corporation (TSE:CTC.A) Takes On Some Risk With Its Use Of Debt
Mar 13Is Canadian Tire Corporation (TSE:CTC.A) Using Too Much Debt?
Nov 30Is Canadian Tire Corporation (TSE:CTC.A) Using Too Much Debt?
Aug 22Recent updates
What Does Canadian Tire Corporation, Limited's (TSE:CTC.A) Share Price Indicate?
Apr 17These 4 Measures Indicate That Canadian Tire Corporation (TSE:CTC.A) Is Using Debt In A Risky Way
Apr 02Canadian Tire Corporation (TSE:CTC.A) Will Pay A Dividend Of CA$1.75
Mar 18Some May Be Optimistic About Canadian Tire Corporation's (TSE:CTC.A) Earnings
Feb 22Canadian Tire Corporation (TSE:CTC.A) Has Announced A Dividend Of CA$1.75
Feb 19Canadian Tire Corporation, Limited Just Missed Earnings - But Analysts Have Updated Their Models
Feb 17Canadian Tire Corporation, Limited's (TSE:CTC.A) Subdued P/E Might Signal An Opportunity
Feb 16Estimating The Intrinsic Value Of Canadian Tire Corporation, Limited (TSE:CTC.A)
Oct 02Canadian Tire Corporation (TSE:CTC.A) Has Some Way To Go To Become A Multi-Bagger
Aug 13Why Canadian Tire Corporation, Limited (TSE:CTC.A) Could Be Worth Watching
Jul 26Estimating The Fair Value Of Canadian Tire Corporation, Limited (TSE:CTC.A)
Jul 04These 4 Measures Indicate That Canadian Tire Corporation (TSE:CTC.A) Is Using Debt Extensively
Jun 16Is It Too Late To Consider Buying Canadian Tire Corporation, Limited (TSE:CTC.A)?
Apr 17Canadian Tire Corporation (TSE:CTC.A) Takes On Some Risk With Its Use Of Debt
Mar 13Is Canadian Tire Corporation, Limited (TSE:CTC.A) Potentially Undervalued?
Jan 17Canadian Tire Corporation's (TSE:CTC.A) Dividend Will Be Increased To CA$1.73
Dec 30Are Investors Undervaluing Canadian Tire Corporation, Limited (TSE:CTC.A) By 48%?
Dec 18Is Canadian Tire Corporation (TSE:CTC.A) Using Too Much Debt?
Nov 30Is It Time To Consider Buying Canadian Tire Corporation, Limited (TSE:CTC.A)?
Oct 05Is Canadian Tire Corporation (TSE:CTC.A) Using Too Much Debt?
Aug 22Here's Why We Think Canadian Tire Corporation (TSE:CTC.A) Is Well Worth Watching
Aug 01Canadian Tire Corporation (TSE:CTC.A) Has Announced That It Will Be Increasing Its Dividend To CA$1.63
Jul 14Should You Investigate Canadian Tire Corporation, Limited (TSE:CTC.A) At CA$167?
Jun 22Canadian Tire Corporation (TSE:CTC.A) Will Pay A Larger Dividend Than Last Year At CA$1.63
Jun 03Canadian Tire Corporation (TSE:CTC.A) Is Paying Out A Larger Dividend Than Last Year
May 20Is Canadian Tire Corporation, Limited (TSE:CTC.A) Trading At A 42% Discount?
May 05Canadian Tire Corporation (TSE:CTC.A) Is Increasing Its Dividend To CA$1.30
Apr 20Canadian Tire Corporation (TSE:CTC.A) Is Increasing Its Dividend To CA$1.30
Apr 06Financial Position Analysis
Short Term Liabilities: CTC.A's short term assets (CA$11.3B) exceed its short term liabilities (CA$6.4B).
Long Term Liabilities: CTC.A's short term assets (CA$11.3B) exceed its long term liabilities (CA$9.1B).
Debt to Equity History and Analysis
Debt Level: CTC.A's net debt to equity ratio (136.6%) is considered high.
Reducing Debt: CTC.A's debt to equity ratio has increased from 137.5% to 144.2% over the past 5 years.
Debt Coverage: CTC.A's debt is not well covered by operating cash flow (14.6%).
Interest Coverage: CTC.A's interest payments on its debt are well covered by EBIT (4x coverage).