Tanger Factory Outlet Centers Financial Health
How is Tanger Factory Outlet Centers's financial position?
Financial Health Score2/6
Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: SKT's short term assets ($309.4M) exceed its short term liabilities ($116.6M).
Long Term Liabilities: SKT's short term assets ($309.4M) do not cover its long term liabilities ($1.5B).
Debt to Equity History and Analysis
Debt Level: SKT's net debt to equity ratio (232.7%) is considered high.
Reducing Debt: SKT's debt to equity ratio has reduced from 291.3% to 270.6% over the past 5 years.
Debt Coverage: SKT's debt is not well covered by operating cash flow (14.1%).
Interest Coverage: SKT's interest payments on its debt are not well covered by EBIT (2.8x coverage).