Tennant Balance Sheet Health
Financial Health criteria checks 6/6
Tennant has a total shareholder equity of $578.3M and total debt of $201.9M, which brings its debt-to-equity ratio to 34.9%. Its total assets and total liabilities are $1.1B and $535.1M respectively. Tennant's EBIT is $141.5M making its interest coverage ratio 10.5. It has cash and short-term investments of $117.9M.
Key information
34.9%
Debt to equity ratio
US$201.90m
Debt
| Interest coverage ratio | 10.5x |
| Cash | US$117.90m |
| Equity | US$578.30m |
| Total liabilities | US$535.10m |
| Total assets | US$1.11b |
Recent financial health updates
Is Tennant (NYSE:TNC) Using Too Much Debt?
Apr 01
Here'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 18These 4 Measures Indicate That Tennant (NYSE:TNC) Is Using Debt Extensively
Nov 10We Think Tennant (NYSE:TNC) Can Stay On Top Of Its Debt
Jul 21Recent updates
Tennant 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 13Tennant's (NYSE:TNC) Dividend Will Be Increased To $0.265
Nov 17These 4 Measures Indicate That Tennant (NYSE:TNC) Is Using Debt Extensively
Nov 10Tennant Q3 2022 Earnings Preview
Oct 26Tennant (NYSE:TNC) Has Some Way To Go To Become A Multi-Bagger
Sep 27Tennant Company: A Solid Prospect To Clean Up Your Portfolio
Sep 18Tennant Q2 2022 Earnings Preview
Aug 08We Think Tennant (NYSE:TNC) Can Stay On Top Of Its Debt
Jul 21Tennant (NYSE:TNC) Is Reinvesting At Lower Rates Of Return
Jun 27An Intrinsic Calculation For Tennant Company (NYSE:TNC) Suggests It's 33% Undervalued
Jun 12Tennant Company: Back Against The Wall
May 09Financial Position Analysis
Short Term Liabilities: TNC's short term assets ($569.1M) exceed its short term liabilities ($273.7M).
Long Term Liabilities: TNC's short term assets ($569.1M) exceed its long term liabilities ($261.4M).
Debt to Equity History and Analysis
Debt Level: TNC's net debt to equity ratio (14.5%) is considered satisfactory.
Reducing Debt: TNC's debt to equity ratio has reduced from 112.1% to 34.9% over the past 5 years.
Debt Coverage: TNC's debt is well covered by operating cash flow (93.3%).
Interest Coverage: TNC's interest payments on its debt are well covered by EBIT (10.5x coverage).