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
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: YAAA's short term assets (CA$11.9B) exceed its short term liabilities (CA$7.4B).
Long Term Liabilities: YAAA's short term assets (CA$11.9B) exceed its long term liabilities (CA$8.7B).
Debt to Equity History and Analysis
Debt Level: YAAA's net debt to equity ratio (135.1%) is considered high.
Reducing Debt: YAAA's debt to equity ratio has reduced from 150.4% to 136.9% over the past 5 years.
Debt Coverage: YAAA's debt is well covered by operating cash flow (22.7%).
Interest Coverage: YAAA's interest payments on its debt are well covered by EBIT (3.6x coverage).