How much debt does Tanger have?
According to Tanger's latest annual financial reports, the company's debt profile is as follows:
Total Debt and Liabilities
Tanger's total debt stands at $1.51B. This is broken down into:
- Long-term debt: $1.51B
- Short-term debt: $-
The company's net debt, which accounts for cash and cash equivalents, is $1.46B. In terms of overall financial obligations, Tanger's total liabilities amount to $1.70B.
Debt Ratios and Metrics
To better understand Tanger's debt position, we can look at several key ratios:
- Debt to Equity Ratio: 2.22 - this indicates the proportion of equity and debt the company uses to finance its assets.
- Debt Ratio: 63.36% - this shows the proportion of a company's assets that are financed through debt.
- Interest Coverage Ratio: 4.77 - this measures how easily a company can pay interest on its outstanding debt.
- Long-term Debt to Capitalization: 67.69% - this shows the proportion of long-term debt in the company's capital structure.
- Total Debt to Capitalization: 68.94% - this indicates the total debt in the company's capital structure.
These metrics provide insight into Tanger's financial leverage and its ability to meet financial obligations. For a comprehensive understanding of the company's financial health, it's important to consider these debt metrics alongside other financial indicators and industry benchmarks.
Total Debt
$1.51B
Long-term Debt
$1.51B
Short-term Debt
$-
Net Debt
$1.46B
Total Liabilities
$1.70B
Interest Coverage
4.77
Debt to Equity Ratio
2.22
Debt Ratio
63.36%
Tanger Historical Debt Metrics
Tanger Historical Debt
The table below shows various debt metrics for each year, with the latest data available for the last fiscal year 2024.
| Year | Total Debt | Long-term Debt | Short-term Debt | Net Debt | Total Liabilities | Debt to Equity | Debt Ratio | Interest Coverage | Long-term Debt to Capitalization | Total Debt to Capitalization |
|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $1.51B | $1.51B | $- | $1.46B | $1.70B | 2.22 | 63.36% | 4.77 | 67.69% | 68.94% |
| 2023 | $1.53B | $1.51B | $5.13M | $1.51B | $1.73B | 2.69 | 65.63% | 2.79 | 71.56% | 72.91% |
| 2022 | $1.52B | $1.52B | $- | $1.30B | $1.70B | 3.08 | 68.36% | 2.77 | 74.40% | 75.51% |
| 2021 | $1.49B | $1.48B | $4.44M | $1.32B | $1.66B | 3.11 | 68.88% | 2.22 | 74.45% | 75.66% |
| 2020 | $1.66B | $1.60B | $57.19M | $1.57B | $1.83B | 4.86 | 75.72% | 1.43 | 81.57% | 82.93% |
| 2019 | $1.66B | $1.66B | $3.57M | $1.64B | $1.83B | 3.83 | 72.69% | 2.41 | 78.33% | 79.31% |
| 2018 | $1.71B | $1.71B | $- | $1.70B | $1.88B | 3.57 | 71.82% | 1.44 | 78.07% | 78.10% |
| 2017 | $1.76B | $1.70B | $- | $1.76B | $1.93B | 3.03 | 69.43% | 2.48 | 74.52% | 75.20% |
| 2016 | $1.69B | $1.61B | $69.90M | $1.68B | $1.82B | 2.52 | 66.81% | 2.49 | 70.67% | 71.58% |
| 2015 | $1.56B | $1.37B | $190.30M | $1.54B | $1.72B | 2.72 | 67.21% | 2.67 | 70.49% | 73.11% |
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