Tractor Supply Balance Sheet Health
Financial Health criteria checks 3/6
Tractor Supply has a total shareholder equity of $2.1B and total debt of $1.7B, which brings its debt-to-equity ratio to 80.4%. Its total assets and total liabilities are $9.2B and $7.0B respectively. Tractor Supply's EBIT is $1.5B making its interest coverage ratio 31.8. It has cash and short-term investments of $397.1M.
Key information
80.4%
Debt to equity ratio
US$1.73b
Debt
Interest coverage ratio | 31.8x |
Cash | US$397.07m |
Equity | US$2.15b |
Total liabilities | US$7.01b |
Total assets | US$9.16b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TR4's short term assets ($3.3B) exceed its short term liabilities ($2.2B).
Long Term Liabilities: TR4's short term assets ($3.3B) do not cover its long term liabilities ($4.8B).
Debt to Equity History and Analysis
Debt Level: TR4's net debt to equity ratio (62%) is considered high.
Reducing Debt: TR4's debt to equity ratio has increased from 26.3% to 80.4% over the past 5 years.
Debt Coverage: TR4's debt is well covered by operating cash flow (77.2%).
Interest Coverage: TR4's interest payments on its debt are well covered by EBIT (31.8x coverage).