TEGNA Balance Sheet Health
Financial Health criteria checks 3/6
TEGNA has a total shareholder equity of $2.7B and total debt of $3.1B, which brings its debt-to-equity ratio to 112.8%. Its total assets and total liabilities are $7.0B and $4.3B respectively. TEGNA's EBIT is $619.7M making its interest coverage ratio 4.3. It has cash and short-term investments of $361.0M.
Key information
112.8%
Debt to equity ratio
US$3.07b
Debt
Interest coverage ratio | 4.3x |
Cash | US$361.04m |
Equity | US$2.72b |
Total liabilities | US$4.28b |
Total assets | US$7.00b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GTT's short term assets ($1.1B) exceed its short term liabilities ($423.4M).
Long Term Liabilities: GTT's short term assets ($1.1B) do not cover its long term liabilities ($3.9B).
Debt to Equity History and Analysis
Debt Level: GTT's net debt to equity ratio (99.6%) is considered high.
Reducing Debt: GTT's debt to equity ratio has reduced from 219.6% to 112.8% over the past 5 years.
Debt Coverage: GTT's debt is not well covered by operating cash flow (19.1%).
Interest Coverage: GTT's interest payments on its debt are well covered by EBIT (4.3x coverage).