Tractor Supply Company (TSCO)
Cash ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 397,071 | 421,693 | 620,031 | 190,078 | 202,502 | 211,241 | 530,822 | 405,432 | 878,030 | 1,111,710 | 1,412,000 | 1,149,930 | 1,341,760 | 1,111,990 | 1,206,370 | 461,473 | 84,241 | 82,640 | 104,018 | 102,215 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 2,177,080 | 2,318,800 | 2,237,460 | 2,349,700 | 2,376,210 | 2,095,200 | 2,242,180 | 2,199,660 | 2,064,840 | 2,046,010 | 2,083,530 | 1,975,920 | 1,743,800 | 2,132,660 | 2,157,050 | 1,494,120 | 1,247,600 | 1,251,720 | 1,271,390 | 1,311,930 |
| Cash ratio | 0.18 | 0.18 | 0.28 | 0.08 | 0.09 | 0.10 | 0.24 | 0.18 | 0.43 | 0.54 | 0.68 | 0.58 | 0.77 | 0.52 | 0.56 | 0.31 | 0.07 | 0.07 | 0.08 | 0.08 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($397,071K
+ $—K)
÷ $2,177,080K
= 0.18
The cash ratio for Tractor Supply Company has varied over the periods shown in the table. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to cover short-term obligations.
Looking at the data, we can observe fluctuations in the cash ratio from quarter to quarter. The ratio ranges from as low as 0.07 to as high as 0.77. In the latest period, as of December 31, 2023, the cash ratio stands at 0.18, indicating that for every dollar of current liabilities, the company has $0.18 in cash and cash equivalents available.
It is important to note that a consistently low cash ratio could suggest potential liquidity issues, while a consistently high ratio may indicate that the company is holding excess cash that could potentially be utilized more efficiently.
In conclusion, while the cash ratio for Tractor Supply Company has shown fluctuations over the periods analyzed, further assessment of the company's overall liquidity position and cash management strategies would be necessary to gain a comprehensive understanding of its financial health.
Peer comparison
Dec 31, 2023