Otter Tail Balance Sheet Health
Financial Health criteria checks 4/6
Otter Tail has a total shareholder equity of $1.6B and total debt of $1.0B, which brings its debt-to-equity ratio to 61.9%. Its total assets and total liabilities are $3.6B and $1.9B respectively. Otter Tail's EBIT is $394.2M making its interest coverage ratio 9.7. It has cash and short-term investments of $280.0M.
Key information
61.9%
Debt to equity ratio
US$1.01b
Debt
| Interest coverage ratio | 9.7x |
| Cash | US$280.02m |
| Equity | US$1.63b |
| Total liabilities | US$1.93b |
| Total assets | US$3.57b |
Recent financial health updates
We Think Otter Tail (NASDAQ:OTTR) Can Stay On Top Of Its Debt
Oct 08
Does Otter Tail (NASDAQ:OTTR) Have A Healthy Balance Sheet?
Jun 09Here's Why Otter Tail (NASDAQ:OTTR) Has A Meaningful Debt Burden
Feb 08Is Otter Tail (NASDAQ:OTTR) Using Too Much Debt?
Nov 01Is Otter Tail (NASDAQ:OTTR) Using Too Much Debt?
Jun 24We Think Otter Tail (NASDAQ:OTTR) Can Stay On Top Of Its Debt
Mar 24Recent updates
Earnings Beat: Otter Tail Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
Nov 08We Think Otter Tail (NASDAQ:OTTR) Can Stay On Top Of Its Debt
Oct 08Do Otter Tail's (NASDAQ:OTTR) Earnings Warrant Your Attention?
Sep 20Otter Tail Corporation's (NASDAQ:OTTR) Prospects Need A Boost To Lift Shares
Jul 26Otter Tail Corporation: Currently Benefiting From Unsustainable Trends
Jul 23Returns On Capital Are Showing Encouraging Signs At Otter Tail (NASDAQ:OTTR)
Jul 11Does Otter Tail (NASDAQ:OTTR) Have A Healthy Balance Sheet?
Jun 09Is Now The Time To Put Otter Tail (NASDAQ:OTTR) On Your Watchlist?
May 24Results: Otter Tail Corporation Beat Earnings Expectations And Analysts Now Have New Forecasts
May 09Here's Why Shareholders Will Not Be Complaining About Otter Tail Corporation's (NASDAQ:OTTR) CEO Pay Packet
Apr 03Otter Tail: Plastics Profits Might Not Be As Strong In 2024
Feb 22Otter Tail's (NASDAQ:OTTR) Upcoming Dividend Will Be Larger Than Last Year's
Feb 09Here's Why Otter Tail (NASDAQ:OTTR) Has A Meaningful Debt Burden
Feb 08Otter Tail (NASDAQ:OTTR) Shareholders Will Want The ROCE Trajectory To Continue
Jan 21Otter Tail Corporation's (NASDAQ:OTTR) Price Is Right But Growth Is Lacking
Jan 03Is Otter Tail (NASDAQ:OTTR) Using Too Much Debt?
Nov 01Returns On Capital Are Showing Encouraging Signs At Otter Tail (NASDAQ:OTTR)
Oct 09Otter Tail's (NASDAQ:OTTR) Returns On Capital Are Heading Higher
Jul 10Is Otter Tail (NASDAQ:OTTR) Using Too Much Debt?
Jun 24Here's Why We Think Otter Tail (NASDAQ:OTTR) Is Well Worth Watching
May 21Otter Tail (NASDAQ:OTTR) Has Announced That It Will Be Increasing Its Dividend To $0.4375
May 06We Think Otter Tail (NASDAQ:OTTR) Can Stay On Top Of Its Debt
Mar 24Otter Tail (NASDAQ:OTTR) Is Doing The Right Things To Multiply Its Share Price
Feb 22Otter Tail's (NASDAQ:OTTR) Shareholders Will Receive A Bigger Dividend Than Last Year
Feb 09Does Otter Tail (NASDAQ:OTTR) Deserve A Spot On Your Watchlist?
Jan 12Otter Tail (NASDAQ:OTTR) Is Experiencing Growth In Returns On Capital
Nov 22Here's Why Otter Tail (NASDAQ:OTTR) Has Caught The Eye Of Investors
Sep 16Otter Tail: Benefiting Significantly From Materials Shortage
Sep 14Calculating The Intrinsic Value Of Otter Tail Corporation (NASDAQ:OTTR)
Sep 04Returns On Capital Are Showing Encouraging Signs At Otter Tail (NASDAQ:OTTR)
Aug 23Financial Position Analysis
Short Term Liabilities: OTTR's short term assets ($650.3M) exceed its short term liabilities ($299.6M).
Long Term Liabilities: OTTR's short term assets ($650.3M) do not cover its long term liabilities ($1.6B).
Debt to Equity History and Analysis
Debt Level: OTTR's net debt to equity ratio (44.8%) is considered high.
Reducing Debt: OTTR's debt to equity ratio has reduced from 92.4% to 61.9% over the past 5 years.
Debt Coverage: OTTR's debt is well covered by operating cash flow (40.4%).
Interest Coverage: OTTR's interest payments on its debt are well covered by EBIT (9.7x coverage).