Tennant Balance Sheet Health
Financial Health criteria checks 6/6
Tennant has a total shareholder equity of $625.9M and total debt of $212.6M, which brings its debt-to-equity ratio to 34%. Its total assets and total liabilities are $1.2B and $541.6M respectively. Tennant's EBIT is $137.6M making its interest coverage ratio 13. It has cash and short-term investments of $85.7M.
Key information
34.0%
Debt to equity ratio
US$212.60m
Debt
| Interest coverage ratio | 13x |
| Cash | US$85.70m |
| Equity | US$625.90m |
| Total liabilities | US$541.60m |
| Total assets | US$1.17b |
Recent financial health updates
These 4 Measures Indicate That Tennant (NYSE:TNC) Is Using Debt Reasonably Well
Jul 12
Is 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 18These 4 Measures Indicate That Tennant (NYSE:TNC) Is Using Debt Extensively
Nov 10Recent updates
Calculating 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 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 27Financial Position Analysis
Short Term Liabilities: TNC's short term assets ($577.8M) exceed its short term liabilities ($266.2M).
Long Term Liabilities: TNC's short term assets ($577.8M) exceed its long term liabilities ($275.4M).
Debt to Equity History and Analysis
Debt Level: TNC's net debt to equity ratio (20.3%) is considered satisfactory.
Reducing Debt: TNC's debt to equity ratio has reduced from 105.6% to 34% over the past 5 years.
Debt Coverage: TNC's debt is well covered by operating cash flow (65.7%).
Interest Coverage: TNC's interest payments on its debt are well covered by EBIT (13x coverage).