Tractor Supply Company (TSCO)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 9,805,480 | 9,188,150 | 8,489,990 | 7,767,470 | 7,049,120 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $9,805,480K
= 0.00
Based on the provided data for Tractor Supply Company's debt-to-assets ratio from December 31, 2020, to December 31, 2024, the ratio remained consistently at 0.00 over the five-year period. A debt-to-assets ratio of 0.00 indicates that the company had no long-term debt in relation to its total assets during this timeframe. This suggests that Tractor Supply Company relied more on equity financing rather than debt to fund its operations and investments. However, it is important to note that a zero debt-to-assets ratio may not always be ideal, as some level of debt can be beneficial for leveraging growth opportunities and tax advantages. Overall, the stable ratio indicates a conservative financing strategy and a strong financial position in terms of managing debt relative to assets.
Peer comparison
Dec 31, 2024