Tractor Supply Company (TSCO)
Debt-to-assets ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 9,805,480 | 9,767,900 | 9,784,520 | 9,554,950 | 9,188,150 | 9,205,010 | 9,032,820 | 8,848,820 | 8,489,990 | 7,911,730 | 7,869,190 | 7,686,810 | 7,767,470 | 7,745,190 | 7,687,890 | 7,359,680 | 7,049,120 | 6,860,800 | 6,611,080 | 6,002,400 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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
The debt-to-assets ratio for Tractor Supply Company has consistently remained at 0.00 for various reporting periods from March 31, 2020, to December 31, 2024. A debt-to-assets ratio of 0.00 indicates that the company has no debt relative to its total assets during these periods. This implies that Tractor Supply Company has been operating without relying on debt financing to fund its operations and investments, which can be viewed as a positive sign of financial stability and strength. Additionally, a low or zero debt-to-assets ratio can suggest that the company may have a strong ability to generate internal funds to support its growth and mitigate financial risks associated with debt.
Peer comparison
Dec 31, 2024