Otter Tail Balance Sheet Health
Financial Health criteria checks 4/6
Otter Tail has a total shareholder equity of $1.6B and total debt of $1.0B, which brings its debt-to-equity ratio to 61.9%. Its total assets and total liabilities are $3.6B and $1.9B respectively. Otter Tail's EBIT is $394.2M making its interest coverage ratio 9.7. It has cash and short-term investments of $280.0M.
Key information
61.9%
Debt to equity ratio
US$1.01b
Debt
| Interest coverage ratio | 9.7x |
| Cash | US$280.02m |
| Equity | US$1.63b |
| Total liabilities | US$1.93b |
| Total assets | US$3.57b |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: OT4's short term assets ($650.3M) exceed its short term liabilities ($299.6M).
Long Term Liabilities: OT4's short term assets ($650.3M) do not cover its long term liabilities ($1.6B).
Debt to Equity History and Analysis
Debt Level: OT4's net debt to equity ratio (44.8%) is considered high.
Reducing Debt: OT4's debt to equity ratio has reduced from 92.4% to 61.9% over the past 5 years.
Debt Coverage: OT4's debt is well covered by operating cash flow (40.4%).
Interest Coverage: OT4's interest payments on its debt are well covered by EBIT (9.7x coverage).