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 81.4%. Its total assets and total liabilities are $9.6B and $7.4B respectively. Tractor Supply's EBIT is $1.5B making its interest coverage ratio 32.7. It has cash and short-term investments of $264.1M.
Key information
81.4%
Debt to equity ratio
US$1.73b
Debt
Interest coverage ratio | 32.7x |
Cash | US$264.09m |
Equity | US$2.12b |
Total liabilities | US$7.43b |
Total assets | US$9.55b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TR4's short term assets ($3.5B) exceed its short term liabilities ($2.5B).
Long Term Liabilities: TR4's short term assets ($3.5B) do not cover its long term liabilities ($4.9B).
Debt to Equity History and Analysis
Debt Level: TR4's net debt to equity ratio (69%) is considered high.
Reducing Debt: TR4's debt to equity ratio has increased from 42.2% to 81.4% over the past 5 years.
Debt Coverage: TR4's debt is well covered by operating cash flow (90.9%).
Interest Coverage: TR4's interest payments on its debt are well covered by EBIT (32.7x coverage).