Tractor Supply Company (TSCO)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,263,940 | 3,534,110 | 3,577,270 | 3,458,920 | 3,157,780 | 3,109,800 | 3,230,400 | 3,168,280 | 3,250,440 | 3,467,860 | 3,567,140 | 3,380,830 | 3,258,680 | 3,170,960 | 3,030,110 | 2,480,240 | 1,787,890 | 2,005,500 | 1,937,810 | 2,079,080 |
| 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 |
| Current ratio | 1.50 | 1.52 | 1.60 | 1.47 | 1.33 | 1.48 | 1.44 | 1.44 | 1.57 | 1.69 | 1.71 | 1.71 | 1.87 | 1.49 | 1.40 | 1.66 | 1.43 | 1.60 | 1.52 | 1.58 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,263,940K ÷ $2,177,080K
= 1.50
Tractor Supply Company's current ratio has fluctuated over the past few years, ranging from a low of 1.33 to a high of 1.87. The current ratio measures the company's ability to meet its short-term obligations with its current assets.
In general, a current ratio above 1 indicates that the company has more current assets than current liabilities, suggesting a healthy liquidity position. Tractor Supply Company's current ratio has typically been above 1, indicating that the company has been able to meet its short-term obligations.
The current ratio peaked at 1.87 in December 2020, which may suggest a strong ability to cover short-term liabilities. However, it decreased to 1.33 in December 2022, potentially indicating a slight decrease in liquidity.
Overall, while the current ratio has shown variability, Tractor Supply Company has generally maintained a current ratio above 1, indicating that it has been in a solid position to meet its short-term financial obligations.
Peer comparison
Dec 31, 2023