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Canadian Tire (TSX:CTC) Debt-to-Asset : 0.38 (As of Sep. 2024)


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What is Canadian Tire Debt-to-Asset?

Canadian Tire's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$2,638 Mil. Canadian Tire's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$5,981 Mil. Canadian Tire's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was C$22,812 Mil. Canadian Tire's debt to asset for the quarter that ended in Sep. 2024 was 0.38.

Canadian Tire Debt-to-Asset Historical Data

The historical data trend for Canadian Tire's Debt-to-Asset 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.

* Premium members only.

Canadian Tire Debt-to-Asset Chart

Canadian Tire Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.40 0.35 0.33 0.35 0.40

Canadian Tire Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Debt-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.37 0.40 0.40 0.39 0.38

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

For the Specialty Retail subindustry, Canadian Tire's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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 Debt-to-Asset Distribution in the Retail - Cyclical Industry

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

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


Canadian Tire Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Canadian Tire's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(2424.6 + 6390) / 21978.3
=0.40

Canadian Tire's Debt-to-Asset for the quarter that ended in Sep. 2024 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(2637.8 + 5980.5) / 22811.6
=0.38

* 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.

Canadian Tire  (TSX:CTC) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Canadian Tire Debt-to-Asset Related Terms

Thank you for viewing the detailed overview of Canadian Tire's Debt-to-Asset 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 (TSX:CTC) » Definitions » Debt-to-Asset
Comparable Companies
TSX:PET TSX:LNF TSX:GBT TSX:KITS TSXV:AWI TSXV:RUM XCNQ:TRAI TSXV:FTI XCNQ:CCR ORLY AZO TSX:ATD TSCO WSM ULTA DKS SHSE:601888 BBY CASY GME
Traded in Other Exchanges
CDNAF:USA CTC.A: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.

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