Canadian Tire Corporation Balance Sheet Health
Financial Health criteria checks 4/6
Canadian Tire has a total shareholder equity of CA$6.5B and total debt of CA$9.7B, which brings its debt-to-equity ratio to 150.2%. Its total assets and total liabilities are CA$22.4B and CA$16.0B respectively. Canadian Tire's EBIT is CA$1.3B making its interest coverage ratio 3.7. It has cash and short-term investments of CA$592.9M.
Key information
150.2%
Debt to equity ratio
CA$9.69b
Debt
Interest coverage ratio | 3.7x |
Cash | CA$592.90m |
Equity | CA$6.45b |
Total liabilities | CA$15.98b |
Total assets | CA$22.43b |
Recent financial health updates
These 4 Measures Indicate That Canadian Tire Corporation (TSE:CTC.A) Is Using Debt In A Risky Way
Apr 02These 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
Canadian 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 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 20Financial Position Analysis
Short Term Liabilities: CTC.A's short term assets (CA$11.9B) exceed its short term liabilities (CA$6.7B).
Long Term Liabilities: CTC.A's short term assets (CA$11.9B) exceed its long term liabilities (CA$9.2B).
Debt to Equity History and Analysis
Debt Level: CTC.A's net debt to equity ratio (141%) is considered high.
Reducing Debt: CTC.A's debt to equity ratio has reduced from 163.9% to 150.2% over the past 5 years.
Debt Coverage: CTC.A's debt is not well covered by operating cash flow (18.4%).
Interest Coverage: CTC.A's interest payments on its debt are well covered by EBIT (3.7x coverage).