Tractor Supply Company (TSCO)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 2,270,330 | 2,149,760 | 2,042,420 | 2,002,660 | 1,923,840 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $2,270,330K)
= 0.00
Based on the data provided, Tractor Supply Company has consistently maintained a debt-to-capital ratio of 0.00 over the last five years, including as of December 31, 2024. A debt-to-capital ratio of 0.00 indicates that the company has no debt as a component of its capital structure. This suggests that Tractor Supply Company has been funding its operations and investments primarily through equity financing rather than relying on debt. While a debt-to-capital ratio of 0.00 may indicate financial stability and lower financial risk due to no debt obligations, it is important to consider the implications of this conservative financing approach on the company's growth and capital allocation strategies.
Peer comparison
Dec 31, 2024