Canadian Tire (CTC-A.TO) Debt Metrics
Market Cap: $8.48B
Avg Volume: 354.52K
Industry: Specialty Retail
Sector: Consumer Cyclical
How much debt does Canadian Tire have?
According to Canadian Tire 's latest annual financial reports, the company's debt profile is as follows:
Total Debt and Liabilities
Canadian Tire 's total debt stands at $7.91B. This is broken down into:
- Long-term debt: $5.95B
- Short-term debt: $1.96B
The company's net debt, which accounts for cash and cash equivalents, is $7.46B. In terms of overall financial obligations, Canadian Tire 's total liabilities amount to $15.15B.
Debt Ratios and Metrics
To better understand Canadian Tire 's debt position, we can look at several key ratios:
- Debt to Equity Ratio: 1.28 - this indicates the proportion of equity and debt the company uses to finance its assets.
- Debt Ratio: 35.54% - this shows the proportion of a company's assets that are financed through debt.
- Interest Coverage Ratio: 12.55 - this measures how easily a company can pay interest on its outstanding debt.
- Long-term Debt to Capitalization: 38.64% - this shows the proportion of long-term debt in the company's capital structure.
- Total Debt to Capitalization: 56.22% - this indicates the total debt in the company's capital structure.
These metrics provide insight into Canadian Tire 's financial leverage and its ability to meet financial obligations. For a comprehensive understanding of the company's financial health, it's important to consider these debt metrics alongside other financial indicators and industry benchmarks.
Total Debt
$7.91B
Long-term Debt
$5.95B
Short-term Debt
$1.96B
Net Debt
$7.46B
Total Liabilities
$15.15B
Interest Coverage
12.55
Debt to Equity Ratio
1.28
Debt Ratio
35.54%
Canadian Tire Historical Debt Metrics
Canadian Tire Historical Debt
The table below shows various debt metrics for each year, with the latest data available for the last fiscal year 2024.
| Year | Total Debt | Long-term Debt | Short-term Debt | Net Debt | Total Liabilities | Debt to Equity | Debt Ratio | Interest Coverage | Long-term Debt to Capitalization | Total Debt to Capitalization |
|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $7.91B | $5.95B | $1.96B | $7.46B | $15.15B | 1.28 | 35.54% | 12.55 | 38.64% | 56.22% |
| 2023 | $8.81B | $6.39B | $2.42B | $8.50B | $15.53B | 1.59 | 40.11% | 3.48 | 44.25% | 61.37% |
| 2022 | $7.72B | $5.24B | $2.48B | $7.41B | $15.06B | 1.37 | 34.93% | 7.45 | 36.41% | 57.88% |
| 2021 | $7.09B | $5.48B | $1.61B | $5.35B | $15.29B | 1.38 | 32.52% | 8.05 | 40.99% | 58.05% |
| 2020 | $7.16B | $6.01B | $1.15B | $5.87B | $14.54B | 1.59 | 35.16% | 4.67 | 47.77% | 61.43% |
| 2019 | $7.81B | $5.60B | $2.21B | $7.62B | $14.01B | 1.86 | 40.00% | 4.88 | 47.09% | 65.07% |
| 2018 | $5.59B | $4.00B | $1.59B | $5.14B | $11.87B | 1.28 | 32.32% | 7.71 | 47.81% | 56.13% |
| 2017 | $4.22B | $3.12B | $1.09B | $3.79B | $10.06B | 0.89 | 26.98% | 9.99 | 39.70% | 47.06% |
| 2016 | $4.23B | $2.67B | $1.56B | $3.41B | $9.57B | 0.86 | 27.62% | 10.65 | 34.12% | 46.11% |
| 2015 | $3.74B | $2.97B | $768.40M | $2.85B | $9.20B | 0.75 | 24.95% | 9.72 | 37.30% | 42.82% |
Related Metrics
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