Canadian Tire (FRA:YAAA) Cash-to-Debt : 0.06 (As of Sep. 2024)

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What is Canadian Tire Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Canadian Tire's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.06.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Canadian Tire couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

The historical rank and industry rank for Canadian Tire's Cash-to-Debt or its related term are showing as below:

FRA:YAAA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 0.11 Max: 0.36
Current: 0.06

During the past 13 years, Canadian Tire's highest Cash to Debt Ratio was 0.36. The lowest was 0.05. And the median was 0.11.

FRA:YAAA's Cash-to-Debt is ranked worse than
88.12% of 1111 companies
in the Retail - Cyclical industry
Industry Median: 0.43 vs FRA:YAAA: 0.06

Canadian Tire Cash-to-Debt Historical Data

The historical data trend for Canadian Tire's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Canadian Tire Cash-to-Debt Chart

Canadian Tire Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.05

0.27

0.33

0.06

0.05

Canadian Tire Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															0.07	0.05	0.09	0.07	0.06

Competitive Comparison of Canadian Tire's Cash-to-Debt

For the Specialty Retail subindustry, Canadian Tire's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Canadian Tire's Cash-to-Debt Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Canadian Tire's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Canadian Tire's Cash-to-Debt falls into.

Canadian Tire Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Canadian Tire's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	317.423	/	(1657.244	+	4367.643)
	=	0.05

Canadian Tire's Cash to Debt Ratio for the quarter that ended in Sep. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	343.08	/	(1754.509	+	3977.876)
	=	0.06

Canadian Tire (FRA:YAAA) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Canadian Tire Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Canadian Tire's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Canadian Tire Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Canadian Tire Corp Ltd (FRA:YAAA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CDNAF:USA CTC.A:Canada CTC:Canada

Address

2180 Yonge Street, P.O. Box 770, Toronto, ON, CAN, M4P 2V8

Website

https://www.corp.canadiantire.ca

Canadian Tire is a leading general merchandise retailer with over 1,400 affiliated stores across Canada. The company operates about 650 stores, with the remaining operated by franchisees or third-party dealers. The retailer boasts a wide array of owned and affiliated banners that include its iconic namesake brand, Mark's, Sport Chek, Sports Experts, PartSource, Party City, and Helly Hansen. Its wide product assortment includes automotive parts, appliances, home improvement items, sporting goods, and apparel. The firm also offers a loyalty program with 11 million members and owns a financial services arm that manages a credit card portfolio for its more than 2 million active users.

Canadian Tire Headlines

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