TEGNA Balance Sheet Health
Financial Health criteria checks 3/6
TEGNA has a total shareholder equity of $2.9B and total debt of $3.1B, which brings its debt-to-equity ratio to 106.4%. Its total assets and total liabilities are $7.2B and $4.3B respectively. TEGNA's EBIT is $663.2M making its interest coverage ratio 4.5. It has cash and short-term investments of $536.3M.
Key information
106.4%
Debt to equity ratio
US$3.08b
Debt
| Interest coverage ratio | 4.5x |
| Cash | US$536.25m |
| Equity | US$2.89b |
| Total liabilities | US$4.31b |
| Total assets | US$7.20b |
Recent financial health updates
Recent updates
Investors Aren't Entirely Convinced By TEGNA Inc.'s (NYSE:TGNA) Earnings
Oct 11
TEGNA Stock: Buybacks Can Reward Patient Investors
Sep 10TEGNA (NYSE:TGNA) May Have Issues Allocating Its Capital
Sep 03TEGNA: A Solid Balance Sheet And Strong Earnings Show This Broadcaster Still Has Legs
Aug 10TEGNA: A Declining Business Can Still Be A Good Stock
May 30TEGNA (NYSE:TGNA) Is Increasing Its Dividend To $0.125
May 27TEGNA Inc. Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year
May 10Here's Why TEGNA (NYSE:TGNA) Has A Meaningful Debt Burden
Apr 18TEGNA: Advancing Market Share In Broadcasting And Advertisement In 2024
Apr 03TEGNA: Large Buyback Should Begin To Lift Shares In 2024
Jan 09Why TEGNA Is A Buy Even As A Standalone Company
Oct 23TEGNA: Despite Mixed Results, The Stock Is Undervalued
Aug 12Financial Position Analysis
Short Term Liabilities: TGNA's short term assets ($1.2B) exceed its short term liabilities ($466.7M).
Long Term Liabilities: TGNA's short term assets ($1.2B) do not cover its long term liabilities ($3.8B).
Debt to Equity History and Analysis
Debt Level: TGNA's net debt to equity ratio (87.8%) is considered high.
Reducing Debt: TGNA's debt to equity ratio has reduced from 274.8% to 106.4% over the past 5 years.
Debt Coverage: TGNA's debt is not well covered by operating cash flow (20%).
Interest Coverage: TGNA's interest payments on its debt are well covered by EBIT (4.5x coverage).