TEGNA Balance Sheet Health
Financial Health criteria checks 3/6
TEGNA has a total shareholder equity of $2.9B and total debt of $3.1B, which brings its debt-to-equity ratio to 106.4%. Its total assets and total liabilities are $7.2B and $4.3B respectively. TEGNA's EBIT is $663.2M making its interest coverage ratio 4.5. It has cash and short-term investments of $536.3M.
Key information
106.4%
Debt to equity ratio
US$3.08b
Debt
| Interest coverage ratio | 4.5x |
| Cash | US$536.25m |
| Equity | US$2.89b |
| Total liabilities | US$4.31b |
| Total assets | US$7.20b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GTT's short term assets ($1.2B) exceed its short term liabilities ($466.7M).
Long Term Liabilities: GTT's short term assets ($1.2B) do not cover its long term liabilities ($3.8B).
Debt to Equity History and Analysis
Debt Level: GTT's net debt to equity ratio (87.8%) is considered high.
Reducing Debt: GTT's debt to equity ratio has reduced from 274.8% to 106.4% over the past 5 years.
Debt Coverage: GTT's debt is not well covered by operating cash flow (20%).
Interest Coverage: GTT's interest payments on its debt are well covered by EBIT (4.5x coverage).