Canadian Tire Corporation Balance Sheet Health
Financial Health criteria checks 4/6
Canadian Tire has a total shareholder equity of CA$6.9B and total debt of CA$9.1B, which brings its debt-to-equity ratio to 132.4%. Its total assets and total liabilities are CA$22.7B and CA$15.7B respectively. Canadian Tire's EBIT is CA$1.4B making its interest coverage ratio 3.9. It has cash and short-term investments of CA$92.5M.
Key information
132.37%
Debt to equity ratio
CA$9.14b
Debt
| Interest coverage ratio | 3.9x |
| Cash | CA$92.50m |
| Equity | CA$6.90b |
| Total liabilities | CA$15.75b |
| Total assets | CA$22.65b |
Recent financial health updates
These 4 Measures Indicate That Canadian Tire Corporation (TSE:CTC.A) Is Using Debt In A Risky Way
Feb 13
Here's Why Canadian Tire Corporation (TSE:CTC.A) Is Weighed Down By Its Debt Load
Nov 02Canadian Tire Corporation (TSE:CTC.A) Use Of Debt Could Be Considered Risky
Jul 22Recent updates
An Intrinsic Calculation For Canadian Tire Corporation, Limited (TSE:CTC.A) Suggests It's 25% Undervalued
May 17We Discuss Why Canadian Tire Corporation, Limited's (TSE:CTC.A) CEO Compensation May Be Closely Reviewed
May 01Canadian Tire Corporation (TSE:CTC.A) Could Be Struggling To Allocate Capital
Mar 29We Think That There Are Some Issues For Canadian Tire Corporation (TSE:CTC.A) Beyond Its Promising Earnings
Feb 20These 4 Measures Indicate That Canadian Tire Corporation (TSE:CTC.A) Is Using Debt In A Risky Way
Feb 13Canadian 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 20
Triangle Rewards And Decisive Partnerships Boost Engagement, Driving Revenue Growth And Margin Expansion
Dec 04 Increased engagement in the Triangle Rewards program is enhancing customer loyalty and could positively impact future revenues.Canadian 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 16Financial Position Analysis
Short Term Liabilities: CTC.A's short term assets (CA$12.7B) exceed its short term liabilities (CA$7.2B).
Long Term Liabilities: CTC.A's short term assets (CA$12.7B) exceed its long term liabilities (CA$8.5B).
Debt to Equity History and Analysis
Debt Level: CTC.A's net debt to equity ratio (131%) is considered high.
Reducing Debt: CTC.A's debt to equity ratio has reduced from 151.9% to 132.4% over the past 5 years.
Debt Coverage: CTC.A's debt is not well covered by operating cash flow (17.6%).
Interest Coverage: CTC.A's interest payments on its debt are well covered by EBIT (3.9x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/05/16 17:35 |
| End of Day Share Price | 2025/05/16 00:00 |
| Earnings | 2025/03/29 |
| Annual Earnings | 2024/12/28 |
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.
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 Github.
Analyst Sources
Canadian Tire Corporation, Limited is covered by 24 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 |