Tractor Supply Company (TSCO)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $2,270,330K
= 0.00
Tractor Supply Company's debt-to-equity ratio has been consistently at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has no debt relative to its equity during this period. A debt-to-equity ratio of 0.00 suggests that the company is primarily using equity to finance its operations rather than relying on debt financing. This may signify a strong financial position and lower financial risk, as the absence of debt indicates that the company is not burdened with interest payments and has a strong equity base to support its activities.
Peer comparison
Dec 31, 2024