Canadian Tire Corporation Limited
Canadian Tire Corporation, Limited provides a range of retail goods and services in Canada. It operates through three segments: Retail, CT REIT, and Financial Services. The Retail segment retails automotive maintenance products and accessories, parts, and tires, as well as automotive services comprising oil changes, tire installations, and repairs; roadside assistance; electrical, hardware, paint… Read more
Canadian Tire Corporation Limited (CDNTF) - Net Assets
Latest net assets as of September 2025: $6.87 Billion USD
Based on the latest financial reports, Canadian Tire Corporation Limited (CDNTF) has net assets worth $6.87 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($21.94 Billion) and total liabilities ($15.07 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $6.87 Billion |
| % of Total Assets | 31.3% |
| Annual Growth Rate | 6.2% |
| 5-Year Change | 21.49% |
| 10-Year Change | 22.43% |
| Growth Volatility | 7.32 |
Canadian Tire Corporation Limited - Net Assets Trend (1995–2024)
This chart illustrates how Canadian Tire Corporation Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Canadian Tire Corporation Limited (1995–2024)
The table below shows the annual net assets of Canadian Tire Corporation Limited from 1995 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $7.09 Billion | +9.98% |
| 2023-12-31 | $6.44 Billion | -8.44% |
| 2022-12-31 | $7.04 Billion | +8.12% |
| 2021-12-31 | $6.51 Billion | +11.59% |
| 2020-12-31 | $5.83 Billion | +5.99% |
| 2019-12-31 | $5.50 Billion | +1.66% |
| 2018-12-31 | $5.42 Billion | -2.85% |
| 2017-12-31 | $5.57 Billion | -2.85% |
| 2016-12-31 | $5.74 Billion | -0.91% |
| 2015-12-31 | $5.79 Billion | +2.82% |
| 2014-12-31 | $5.63 Billion | +3.32% |
| 2013-12-31 | $5.45 Billion | +14.41% |
| 2012-12-31 | $4.76 Billion | +8.04% |
| 2011-12-31 | $4.41 Billion | +8.42% |
| 2010-12-31 | $4.07 Billion | +10.27% |
| 2009-12-31 | $3.69 Billion | +3.36% |
| 2008-12-31 | $3.57 Billion | +15.33% |
| 2007-12-31 | $3.09 Billion | +11.08% |
| 2006-12-31 | $2.79 Billion | -0.92% |
| 2005-12-31 | $2.81 Billion | +10.19% |
| 2004-12-31 | $2.55 Billion | +9.34% |
| 2003-12-31 | $2.33 Billion | +10.75% |
| 2002-12-31 | $2.11 Billion | +10.67% |
| 2001-12-31 | $1.90 Billion | +30.44% |
| 2000-12-31 | $1.46 Billion | +8.52% |
| 1999-12-31 | $1.34 Billion | +6.59% |
| 1998-12-31 | $1.26 Billion | -2.85% |
| 1997-12-31 | $1.30 Billion | -0.06% |
| 1996-12-31 | $1.30 Billion | +4.85% |
| 1995-12-31 | $1.24 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Canadian Tire Corporation Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 485.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $5.61 Billion | 91.22% |
| Common Stock | $625.90 Million | 10.17% |
| Other Comprehensive Income | $-85.30 Million | -1.39% |
| Total Equity | $6.16 Billion | 100.00% |
Canadian Tire Corporation Limited Competitors by Market Cap
The table below lists competitors of Canadian Tire Corporation Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Xp Inc
NASDAQ:XP
|
$8.00 Billion |
|
ALD SA
PA:AYV
|
$8.00 Billion |
|
Bezeq Corp Ltd
PINK:BZQIY
|
$8.01 Billion |
|
Federal Home Loan Mortgage Corp Pref 5.81
OTCQB:FREJN
|
$8.01 Billion |
|
CLUS
PINK:CLUS
|
$8.00 Billion |
|
Trent Limited
NSE:TRENT
|
$8.00 Billion |
|
Industrias Peñoles S.A.B. de C.V
MX:PE&OLES
|
$8.00 Billion |
|
Element Fleet Management Corp
PINK:ELEEF
|
$7.99 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Canadian Tire Corporation Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,548,000,000 to 6,155,000,000, a change of 607,000,000 (10.9%).
- Net income of 887,700,000 contributed positively to equity growth.
- Dividend payments of 359,800,000 reduced retained earnings.
- Share repurchases of 29,800,000 reduced equity.
- Other comprehensive income increased equity by 96,500,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $887.70 Million | +14.42% |
| Dividends Paid | $359.80 Million | -5.85% |
| Share Repurchases | $29.80 Million | -0.48% |
| Other Comprehensive Income | $96.50 Million | +1.57% |
| Other Changes | $12.40 Million | +0.2% |
| Total Change | $- | 10.94% |
Book Value vs Market Value Analysis
This analysis compares Canadian Tire Corporation Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.48x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 11.67x to 1.48x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1995-12-31 | $14.04 | $163.90 | x |
| 1996-12-31 | $14.88 | $163.90 | x |
| 1997-12-31 | $15.64 | $163.90 | x |
| 1998-12-31 | $15.69 | $163.90 | x |
| 1999-12-31 | $17.42 | $163.90 | x |
| 2000-12-31 | $18.63 | $163.90 | x |
| 2001-12-31 | $20.24 | $163.90 | x |
| 2002-12-31 | $22.59 | $163.90 | x |
| 2003-12-31 | $24.32 | $163.90 | x |
| 2004-12-31 | $27.26 | $163.90 | x |
| 2005-12-31 | $30.28 | $163.90 | x |
| 2006-12-31 | $33.85 | $163.90 | x |
| 2007-12-31 | $37.96 | $163.90 | x |
| 2008-12-31 | $43.77 | $163.90 | x |
| 2009-12-31 | $45.15 | $163.90 | x |
| 2010-12-31 | $49.65 | $163.90 | x |
| 2011-12-31 | $53.90 | $163.90 | x |
| 2012-12-31 | $58.23 | $163.90 | x |
| 2013-12-31 | $63.65 | $163.90 | x |
| 2014-12-31 | $60.99 | $163.90 | x |
| 2015-12-31 | $65.21 | $163.90 | x |
| 2016-12-31 | $68.07 | $163.90 | x |
| 2017-12-31 | $68.97 | $163.90 | x |
| 2018-12-31 | $67.11 | $163.90 | x |
| 2019-12-31 | $67.74 | $163.90 | x |
| 2020-12-31 | $73.65 | $163.90 | x |
| 2021-12-31 | $83.52 | $163.90 | x |
| 2022-12-31 | $94.69 | $163.90 | x |
| 2023-12-31 | $98.27 | $163.90 | x |
| 2024-12-31 | $110.38 | $163.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Canadian Tire Corporation Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 14.42%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.43%
- • Asset Turnover: 0.74x
- • Equity Multiplier: 3.61x
- Recent ROE (14.42%) is above the historical average (12.64%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1995 | 9.83% | 3.23% | 1.41x | 2.16x | $-2.13 Million |
| 1996 | 10.15% | 3.38% | 1.50x | 2.00x | $1.96 Million |
| 1997 | 11.44% | 3.66% | 1.41x | 2.21x | $18.74 Million |
| 1998 | 13.24% | 3.84% | 1.37x | 2.51x | $40.84 Million |
| 1999 | 10.85% | 3.09% | 1.22x | 2.88x | $11.42 Million |
| 2000 | 10.14% | 2.84% | 1.39x | 2.57x | $2.08 Million |
| 2001 | 11.02% | 3.29% | 1.23x | 2.73x | $16.28 Million |
| 2002 | 11.20% | 3.40% | 1.22x | 2.70x | $21.71 Million |
| 2003 | 12.13% | 3.76% | 1.34x | 2.41x | $43.27 Million |
| 2004 | 12.95% | 4.07% | 1.37x | 2.32x | $66.38 Million |
| 2005 | 13.15% | 4.25% | 1.31x | 2.37x | $78.99 Million |
| 2006 | 12.73% | 4.29% | 1.42x | 2.08x | $76.08 Million |
| 2007 | 13.31% | 4.78% | 1.28x | 2.18x | $102.31 Million |
| 2008 | 10.52% | 4.12% | 1.17x | 2.18x | $18.59 Million |
| 2009 | 9.08% | 3.86% | 0.99x | 2.38x | $-33.79 Million |
| 2010 | 10.92% | 4.95% | 1.02x | 2.16x | $37.53 Million |
| 2011 | 10.59% | 4.50% | 0.84x | 2.80x | $26.10 Million |
| 2012 | 10.47% | 4.37% | 0.87x | 2.77x | $22.54 Million |
| 2013 | 10.86% | 4.76% | 0.86x | 2.64x | $44.47 Million |
| 2014 | 12.44% | 4.85% | 0.86x | 3.00x | $118.45 Million |
| 2015 | 13.20% | 5.37% | 0.82x | 3.00x | $159.98 Million |
| 2016 | 13.55% | 5.28% | 0.83x | 3.10x | $175.24 Million |
| 2017 | 15.47% | 5.47% | 0.86x | 3.29x | $259.96 Million |
| 2018 | 15.85% | 4.92% | 0.81x | 3.96x | $255.48 Million |
| 2019 | 18.57% | 5.36% | 0.74x | 4.66x | $359.34 Million |
| 2020 | 16.71% | 5.06% | 0.73x | 4.53x | $301.89 Million |
| 2021 | 22.01% | 6.92% | 0.75x | 4.26x | $615.22 Million |
| 2022 | 18.58% | 5.86% | 0.81x | 3.93x | $482.25 Million |
| 2023 | 3.84% | 1.28% | 0.76x | 3.96x | $-341.50 Million |
| 2024 | 14.42% | 5.43% | 0.74x | 3.61x | $272.20 Million |
Industry Comparison
This section compares Canadian Tire Corporation Limited's net assets metrics with peer companies in the Specialty Retail industry.
Industry Context
- Industry: Specialty Retail
- Average net assets among peers: $866,355,577
- Average return on equity (ROE) among peers: 86.93%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Canadian Tire Corporation Limited (CDNTF) | $6.87 Billion | 9.83% | 2.20x | $8.00 Billion |
| Able View Global Inc. Class B Ordinary Shares (ABLV) | $7.74 Million | 76.78% | 1.27x | $8.70 Million |
| Alimentation Couchen Tard Inc A (ANCTF) | $3.22 Billion | 17.81% | 2.28x | $37.28 Billion |
| Arhaus Inc (ARHS) | $3.03 Million | 248.25% | 87.69x | $382.69 Million |
| Arko Corp (ARKO) | $194.89 Million | -22.34% | 8.48x | $238.69 Million |
| Academy Sports Outdoors Inc (ASO) | $857.04 Million | 2.50% | 2.78x | $3.28 Billion |
| BARK, Inc. (BARK) | $203.74 Million | -15.41% | 0.25x | $89.87 Million |
| Build-A-Bear Workshop Inc (BBW) | $88.73 Million | 0.29% | 2.35x | $438.23 Million |
| Bath & Body Works Inc. (BBWI) | $2.27 Billion | 20.34% | 0.80x | $4.13 Billion |
| Best Buy Co. Inc (BBY) | $1.82 Billion | 21.73% | 1.66x | $12.17 Billion |
| Big 5 Sporting Goods Corporation (BGFV) | $3.67 Million | 519.38% | 69.22x | $29.90 Million |