Tennant Balance Sheet Health
Financial Health criteria checks 6/6
Tennant has a total shareholder equity of $648.5M and total debt of $209.3M, which brings its debt-to-equity ratio to 32.3%. Its total assets and total liabilities are $1.2B and $567.6M respectively. Tennant's EBIT is $133.5M making its interest coverage ratio 13.4. It has cash and short-term investments of $91.4M.
Key information
32.3%
Debt to equity ratio
US$209.30m
Debt
| Interest coverage ratio | 13.4x |
| Cash | US$91.40m |
| Equity | US$648.50m |
| Total liabilities | US$567.60m |
| Total assets | US$1.22b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TN1's short term assets ($593.9M) exceed its short term liabilities ($273.5M).
Long Term Liabilities: TN1's short term assets ($593.9M) exceed its long term liabilities ($294.1M).
Debt to Equity History and Analysis
Debt Level: TN1's net debt to equity ratio (18.2%) is considered satisfactory.
Reducing Debt: TN1's debt to equity ratio has reduced from 100.7% to 32.3% over the past 5 years.
Debt Coverage: TN1's debt is well covered by operating cash flow (55.4%).
Interest Coverage: TN1's interest payments on its debt are well covered by EBIT (13.4x coverage).