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).