Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Tanger Factory Outlet Centers's cash to debt ratio for the quarter that ended in Mar. 2022 was 0.10.
If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Tanger Factory Outlet Centers couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2022.
The historical rank and industry rank for Tanger Factory Outlet Centers's Cash-to-Debt or its related term are showing as below:
SKT'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.27
Current: 0.1
During the past 13 years, Tanger Factory Outlet Centers's highest Cash to Debt Ratio was 0.27. The lowest was 0.00. And the median was 0.01.
SKT's Cash-to-Debt is ranked better than 60.97% of 743
companies
in the REITs industry
Industry Median: 0.08
vs SKT: 0.10
Tanger Factory Outlet Centers Cash-to-Debt Historical Data
The historical data trend for Tanger Factory Outlet Centers's Cash-to-Debt can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
Tanger Factory Outlet Centers Annual Data
Trend
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Cash-to-Debt
-
0.01
0.01
0.05
0.11
Tanger Factory Outlet Centers Quarterly Data
Jun17
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Cash-to-Debt
0.12
0.07
0.10
0.11
0.10
Competitive Comparison
For the REIT - Retail subindustry, Tanger Factory Outlet Centers's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Tanger Factory Outlet Centers Cash-to-Debt Distribution
For the REITs industry and Real Estate sector, Tanger Factory Outlet Centers's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Tanger Factory Outlet Centers's Cash-to-Debt falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.
Tanger Factory Outlet Centers Cash-to-Debt Related Terms
Thank you for viewing the detailed overview of Tanger Factory Outlet Centers's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.
Tanger Factory Outlet Centers Business Description
Tanger Factory Outlet Centers Inc is the owner and operator of outlet centers in the United States and Canada. It is a fully-integrated, self-administered and self-managed REIT, which focuses on developing, acquiring, owning, operating and managing outlet shopping centers. The company operates approximately 30 outlet centers, with a total gross leasable area of approximately 11.5 million square feet, which holds over 2,200 stores with hundreds of store brands. Substantially most of the firm's revenue is derived from rental income from real property. Geographically, the activities are carried out through the United States.
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