Tractor Supply Company (TSCO)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,309,920 | 3,263,940 | 3,157,780 | 3,250,440 | 3,258,680 |
| Total current liabilities | US$ in thousands | 2,319,190 | 2,177,080 | 2,376,210 | 2,064,840 | 1,743,800 |
| Current ratio | 1.43 | 1.50 | 1.33 | 1.57 | 1.87 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,309,920K ÷ $2,319,190K
= 1.43
Tractor Supply Company's current ratio has shown some fluctuations over the past five years. As of December 31, 2020, the company had a current ratio of 1.87, indicating strong short-term liquidity to meet its current obligations. However, by December 31, 2021, the current ratio decreased to 1.57, suggesting a slight deterioration in the company's ability to cover its short-term liabilities with current assets.
By December 31, 2022, the current ratio further decreased to 1.33, signaling a potential liquidity challenge for Tractor Supply Company. The company then saw an improvement in its current ratio by December 31, 2023, with the ratio increasing to 1.50, although it was still below the 2020 level.
As of December 31, 2024, the current ratio stood at 1.43, showing a slight improvement from the previous year but remaining lower than the initial ratio in 2020. Overall, the trend in Tractor Supply Company's current ratio indicates some variability in its short-term liquidity position, with a general decrease over the five-year period, suggesting the need for continuous monitoring and management of current assets and liabilities.
Peer comparison
Dec 31, 2024