Tennant Balance Sheet Health
Financial Health criteria checks 6/6
Tennant has a total shareholder equity of $648.5M and total debt of $209.3M, which brings its debt-to-equity ratio to 32.3%. Its total assets and total liabilities are $1.2B and $567.6M respectively. Tennant's EBIT is $133.5M making its interest coverage ratio 13.4. It has cash and short-term investments of $91.4M.
Key information
32.3%
Debt to equity ratio
US$209.30m
Debt
| Interest coverage ratio | 13.4x |
| Cash | US$91.40m |
| Equity | US$648.50m |
| Total liabilities | US$567.60m |
| Total assets | US$1.22b |
Recent financial health updates
Tennant (NYSE:TNC) Has A Pretty Healthy Balance Sheet
Oct 24
These 4 Measures Indicate That Tennant (NYSE:TNC) Is Using Debt Reasonably Well
Jul 12Is Tennant (NYSE:TNC) Using Too Much Debt?
Apr 01Here's Why Tennant (NYSE:TNC) Can Manage Its Debt Responsibly
Aug 21These 4 Measures Indicate That Tennant (NYSE:TNC) Is Using Debt Reasonably Well
Feb 18Recent updates
Tennant (NYSE:TNC) Shareholders Will Want The ROCE Trajectory To Continue
Nov 19Tennant (NYSE:TNC) Is Paying Out A Larger Dividend Than Last Year
Nov 04Tennant (NYSE:TNC) Has A Pretty Healthy Balance Sheet
Oct 24Tennant Company Should Clean Up Nicely
Sep 08Calculating The Intrinsic Value Of Tennant Company (NYSE:TNC)
Aug 20Is Now An Opportune Moment To Examine Tennant Company (NYSE:TNC)?
Aug 08These 4 Measures Indicate That Tennant (NYSE:TNC) Is Using Debt Reasonably Well
Jul 12With EPS Growth And More, Tennant (NYSE:TNC) Makes An Interesting Case
Jun 08Returns At Tennant (NYSE:TNC) Are On The Way Up
May 23What Does Tennant Company's (NYSE:TNC) Share Price Indicate?
May 05Tennant Company Cleaned Up Nicely (Rating Downgrade)
Apr 09Is Tennant (NYSE:TNC) Using Too Much Debt?
Apr 01Calculating The Fair Value Of Tennant Company (NYSE:TNC)
Mar 17Investor Optimism Abounds Tennant Company (NYSE:TNC) But Growth Is Lacking
Jan 30Tennant: Resilient In Times Of Turbulence
Jan 23Tennant (NYSE:TNC) Is Experiencing Growth In Returns On Capital
Jan 17Is Now The Time To Look At Buying Tennant Company (NYSE:TNC)?
Jan 04Tennant Company's (NYSE:TNC) Intrinsic Value Is Potentially 28% Above Its Share Price
Dec 15Tennant Company: A Potential Upside In Cleaning (At The Right Price)
Nov 03There's Been No Shortage Of Growth Recently For Tennant's (NYSE:TNC) Returns On Capital
Sep 27If EPS Growth Is Important To You, Tennant (NYSE:TNC) Presents An Opportunity
Sep 11Here's Why Tennant (NYSE:TNC) Can Manage Its Debt Responsibly
Aug 21Tennant Company: There's Still Upside To Capture
Aug 17Is It Time To Consider Buying Tennant Company (NYSE:TNC)?
Aug 07Tennant (NYSE:TNC) Might Have The Makings Of A Multi-Bagger
Jun 12Here's Why Tennant (NYSE:TNC) Has Caught The Eye Of Investors
May 29Tennant Company: Should Shine Bright With Its Attractive Prospects
May 24When Should You Buy Tennant Company (NYSE:TNC)?
Apr 30Tennant Q4 2022 Earnings Preview
Feb 22These 4 Measures Indicate That Tennant (NYSE:TNC) Is Using Debt Reasonably Well
Feb 18Tennant declares $0.265 dividend
Feb 14At US$65.35, Is Tennant Company (NYSE:TNC) Worth Looking At Closely?
Jan 08Tennant Company Can Still Move Higher Despite Recent Weakness
Dec 13Financial Position Analysis
Short Term Liabilities: TNC's short term assets ($593.9M) exceed its short term liabilities ($273.5M).
Long Term Liabilities: TNC's short term assets ($593.9M) exceed its long term liabilities ($294.1M).
Debt to Equity History and Analysis
Debt Level: TNC's net debt to equity ratio (18.2%) is considered satisfactory.
Reducing Debt: TNC's debt to equity ratio has reduced from 100.7% to 32.3% over the past 5 years.
Debt Coverage: TNC's debt is well covered by operating cash flow (55.4%).
Interest Coverage: TNC's interest payments on its debt are well covered by EBIT (13.4x coverage).