Canadian Tire Corporation Balance Sheet Health
Financial Health criteria checks 3/6
Canadian Tire has a total shareholder equity of CA$6.4B and total debt of CA$9.3B, which brings its debt-to-equity ratio to 144.2%. Its total assets and total liabilities are CA$22.0B and CA$15.5B respectively. Canadian Tire's EBIT is CA$1.3B making its interest coverage ratio 4. It has cash and short-term investments of CA$488.4M.
Key information
144.2%
Debt to equity ratio
CA$9.29b
Debt
Interest coverage ratio | 4x |
Cash | CA$488.40m |
Equity | CA$6.44b |
Total liabilities | CA$15.53b |
Total assets | CA$21.98b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CDNA.F's short term assets (CA$11.3B) exceed its short term liabilities (CA$6.4B).
Long Term Liabilities: CDNA.F's short term assets (CA$11.3B) exceed its long term liabilities (CA$9.1B).
Debt to Equity History and Analysis
Debt Level: CDNA.F's net debt to equity ratio (136.6%) is considered high.
Reducing Debt: CDNA.F's debt to equity ratio has increased from 137.5% to 144.2% over the past 5 years.
Debt Coverage: CDNA.F's debt is not well covered by operating cash flow (14.6%).
Interest Coverage: CDNA.F's interest payments on its debt are well covered by EBIT (4x coverage).