Canadian Tire Corporation Balance Sheet Health
Financial Health criteria checks 5/6
Canadian Tire has a total shareholder equity of CA$6.6B and total debt of CA$9.1B, which brings its debt-to-equity ratio to 136.9%. Its total assets and total liabilities are CA$22.8B and CA$16.2B respectively. Canadian Tire's EBIT is CA$1.4B making its interest coverage ratio 3.6. It has cash and short-term investments of CA$122.9M.
Key information
136.9%
Debt to equity ratio
CA$9.09b
Debt
| Interest coverage ratio | 3.6x |
| Cash | CA$122.90m |
| Equity | CA$6.64b |
| Total liabilities | CA$16.17b |
| Total assets | CA$22.81b |
Recent financial health updates
Here's Why Canadian Tire Corporation (TSE:CTC.A) Is Weighed Down By Its Debt Load
Nov 02
Canadian Tire Corporation (TSE:CTC.A) Use Of Debt Could Be Considered Risky
Jul 22These 4 Measures Indicate That Canadian Tire Corporation (TSE:CTC.A) Is Using Debt In A Risky Way
Apr 02Recent updates
Canadian Tire Corporation's (TSE:CTC.A) Upcoming Dividend Will Be Larger Than Last Year's
Jan 21Is Now An Opportune Moment To Examine Canadian Tire Corporation, Limited (TSE:CTC.A)?
Jan 07Returns At Canadian Tire Corporation (TSE:CTC.A) Appear To Be Weighed Down
Dec 20Canadian Tire Corporation (TSE:CTC.A) Is Paying Out A Larger Dividend Than Last Year
Dec 02Here's Why Canadian Tire Corporation (TSE:CTC.A) Is Weighed Down By Its Debt Load
Nov 02Earnings Tell The Story For Canadian Tire Corporation, Limited (TSE:CTC.A)
Oct 18Estimating The Fair Value Of Canadian Tire Corporation, Limited (TSE:CTC.A)
Oct 02Is It Too Late To Consider Buying Canadian Tire Corporation, Limited (TSE:CTC.A)?
Sep 16Canadian Tire Corporation (TSE:CTC.A) Use Of Debt Could Be Considered Risky
Jul 22Returns On Capital At Canadian Tire Corporation (TSE:CTC.A) Have Hit The Brakes
Jul 04Canadian Tire Corporation, Limited's (TSE:CTC.A) P/E Still Appears To Be Reasonable
Jun 16Canadian Tire Corporation, Limited Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
May 11Canadian Tire Corporation (TSE:CTC.A) Is Due To Pay A Dividend Of CA$1.75
Apr 25What 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 16Financial Position Analysis
Short Term Liabilities: CTC.A's short term assets (CA$11.9B) exceed its short term liabilities (CA$7.4B).
Long Term Liabilities: CTC.A's short term assets (CA$11.9B) exceed its long term liabilities (CA$8.7B).
Debt to Equity History and Analysis
Debt Level: CTC.A's net debt to equity ratio (135.1%) is considered high.
Reducing Debt: CTC.A's debt to equity ratio has reduced from 150.4% to 136.9% over the past 5 years.
Debt Coverage: CTC.A's debt is well covered by operating cash flow (22.7%).
Interest Coverage: CTC.A's interest payments on its debt are well covered by EBIT (3.6x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/23 13:26 |
| End of Day Share Price | 2025/01/23 00:00 |
| Earnings | 2024/09/28 |
| Annual Earnings | 2023/12/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Canadian Tire Corporation, Limited is covered by 25 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jim Marrone | Accountability Research Corporation |
| James Durran | Barclays |
| Tamy Chen | BMO Capital Markets Equity Research |