Tanger Balance Sheet Health
Financial Health criteria checks 1/6
Tanger has a total shareholder equity of $591.3M and total debt of $1.4B, which brings its debt-to-equity ratio to 243.9%. Its total assets and total liabilities are $2.3B and $1.7B respectively. Tanger's EBIT is $141.3M making its interest coverage ratio 2.9. It has cash and short-term investments of $15.5M.
Key information
243.9%
Debt to equity ratio
US$1.44b
Debt
| Interest coverage ratio | 2.9x |
| Cash | US$15.49m |
| Equity | US$591.31m |
| Total liabilities | US$1.73b |
| Total assets | US$2.32b |
Recent financial health updates
No updates
Recent updates
Tanger Factory Outlets: Still Growing While Beating 2020 Expectations
Apr 16Tanger: Sustained Growth With Desirable Locations
Mar 27Tanger: A Well-Covered 4% Dividend Plus Growth Potential
Jan 16After Fantastic Upside, Tanger Is No Longer On Sale (Rating Downgrade)
Nov 20Tanger Factory: A Quality 'Buy' At The Right Price
Sep 26Tanger Factory Outlet: Flush With Cash, 4.2% Dividend Yield, A Buy?
Jul 19Tanger Factory FFO of $0.47 beats by $0.02, revenue of $116.46M beats by $7.45M, guidance in-line
Feb 21Dividend Cut Risk For Tanger But SWAN With Simon
Jan 30Tanger Factory Outlet: 5 Reasons Why You Should Sell This REIT
Jan 16Simon Says, Sell Tanger Factory Outlets
Dec 19Tanger Factory: Secure A 4.5% Yield For Tough Times
Dec 07Tanger increases loan capacity by $25M, extends maturity
Oct 17Tanger Factory hikes dividend by 10% to $0.22
Oct 11Tanger Factory Outlet appoints Michael Bilerman as CFO, chief investment officer
Sep 19Tanger Factory Outlet narrows year core FFO guidance after Q2 revenue beat
Aug 08It's Tanger Time
Aug 02Buy Tanger Factory Outlet's Solid 5.5% Yield
Jul 11Tanger Factory Outlet: Continued Upside Exists Despite Its Meteoric Rise
Jul 01Financial Position Analysis
Short Term Liabilities: SKT's short term assets ($119.3M) do not cover its short term liabilities ($129.4M).
Long Term Liabilities: SKT's short term assets ($119.3M) do not cover its long term liabilities ($1.6B).
Debt to Equity History and Analysis
Debt Level: SKT's net debt to equity ratio (241.3%) is considered high.
Reducing Debt: SKT's debt to equity ratio has reduced from 338.8% to 243.9% over the past 5 years.
Debt Coverage: SKT's debt is not well covered by operating cash flow (15.9%).
Interest Coverage: SKT's interest payments on its debt are not well covered by EBIT (2.9x coverage).