Tanger Balance Sheet Health
Financial Health criteria checks 1/6
Tanger has a total shareholder equity of $591.3M and total debt of $1.4B, which brings its debt-to-equity ratio to 243.9%. Its total assets and total liabilities are $2.3B and $1.7B respectively. Tanger's EBIT is $141.3M making its interest coverage ratio 2.9. It has cash and short-term investments of $15.5M.
Key information
243.9%
Debt to equity ratio
US$1.44b
Debt
Interest coverage ratio | 2.9x |
Cash | US$15.49m |
Equity | US$591.31m |
Total liabilities | US$1.73b |
Total assets | US$2.32b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0LD4's short term assets ($119.3M) do not cover its short term liabilities ($129.4M).
Long Term Liabilities: 0LD4's short term assets ($119.3M) do not cover its long term liabilities ($1.6B).
Debt to Equity History and Analysis
Debt Level: 0LD4's net debt to equity ratio (241.3%) is considered high.
Reducing Debt: 0LD4's debt to equity ratio has reduced from 338.8% to 243.9% over the past 5 years.
Debt Coverage: 0LD4's debt is not well covered by operating cash flow (15.9%).
Interest Coverage: 0LD4's interest payments on its debt are not well covered by EBIT (2.9x coverage).