Tanger Balance Sheet Health
Financial Health criteria checks 2/6
Tanger has a total shareholder equity of $592.6M and total debt of $1.4B, which brings its debt-to-equity ratio to 241%. Its total assets and total liabilities are $2.3B and $1.7B respectively. Tanger's EBIT is $155.6M making its interest coverage ratio 2.7. It has cash and short-term investments of $11.6M.
Key information
241.0%
Debt to equity ratio
US$1.43b
Debt
| Interest coverage ratio | 2.7x |
| Cash | US$11.55m |
| Equity | US$592.63m |
| Total liabilities | US$1.68b |
| Total assets | US$2.28b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: T6O's short term assets ($120.4M) exceed its short term liabilities ($88.1M).
Long Term Liabilities: T6O's short term assets ($120.4M) do not cover its long term liabilities ($1.6B).
Debt to Equity History and Analysis
Debt Level: T6O's net debt to equity ratio (239%) is considered high.
Reducing Debt: T6O's debt to equity ratio has reduced from 315.9% to 241% over the past 5 years.
Debt Coverage: T6O's debt is not well covered by operating cash flow (17.3%).
Interest Coverage: T6O's interest payments on its debt are not well covered by EBIT (2.7x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/29 03:49 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Tanger Inc. is covered by 21 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Floris Gerbrand van Dijkum | Boenning & Scattergood, Inc. |
| Craig Schmidt | BofA Global Research |
| Jeffrey Spector | BofA Global Research |