Tanger Balance Sheet Health
Financial Health criteria checks 2/6
Tanger has a total shareholder equity of $579.7M and total debt of $1.5B, which brings its debt-to-equity ratio to 253.9%. Its total assets and total liabilities are $2.3B and $1.7B respectively. Tanger's EBIT is $143.9M making its interest coverage ratio 2.9. It has cash and short-term investments of $11.4M.
Key information
253.9%
Debt to equity ratio
US$1.47b
Debt
Interest coverage ratio | 2.9x |
Cash | US$11.43m |
Equity | US$579.72m |
Total liabilities | US$1.72b |
Total assets | US$2.30b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: T6O's short term assets ($116.5M) exceed its short term liabilities ($77.9M).
Long Term Liabilities: T6O's short term assets ($116.5M) do not cover its long term liabilities ($1.6B).
Debt to Equity History and Analysis
Debt Level: T6O's net debt to equity ratio (252%) is considered high.
Reducing Debt: T6O's debt to equity ratio has reduced from 314.4% to 253.9% over the past 5 years.
Debt Coverage: T6O's debt is not well covered by operating cash flow (16%).
Interest Coverage: T6O's interest payments on its debt are not well covered by EBIT (2.9x coverage).