GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Tanger Inc (NYSE:SKT) » Definitions » Debt-to-Equity

Tanger (Tanger) Debt-to-Equity : 2.69 (As of Dec. 2023)


View and export this data going back to 1993. Start your Free Trial

What is Tanger Debt-to-Equity?

Tanger's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $13.0 Mil. Tanger's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,512.3 Mil. Tanger's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $566.8 Mil. Tanger's debt to equity for the quarter that ended in Dec. 2023 was 2.69.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Tanger's Debt-to-Equity or its related term are showing as below:

SKT' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.52   Med: 3.06   Max: 4.86
Current: 2.69

During the past 13 years, the highest Debt-to-Equity Ratio of Tanger was 4.86. The lowest was 2.52. And the median was 3.06.

SKT's Debt-to-Equity is ranked worse than
92.72% of 673 companies
in the REITs industry
Industry Median: 0.78 vs SKT: 2.69

Tanger Debt-to-Equity Historical Data

The historical data trend for Tanger's Debt-to-Equity 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 Debt-to-Equity Chart

Tanger Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.83 4.86 3.11 3.08 2.69

Tanger Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.08 3.13 3.12 3.08 2.69

Competitive Comparison of Tanger's Debt-to-Equity

For the REIT - Retail subindustry, Tanger's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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's Debt-to-Equity Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Tanger's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Tanger's Debt-to-Equity falls into.



Tanger Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tanger's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Tanger's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

* 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.


Tanger  (NYSE:SKT) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.


Tanger Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Tanger's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Tanger (Tanger) Business Description

Traded in Other Exchanges
Address
3200 Northline Avenue, Suite 360, Greensboro, NC, USA, 27408
Tanger Inc Formerly 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. Substantially majority of the firm's revenue is derived from rental income from real property. Geographically, the activities are carried out through the United States.
Executives
Steven B Tanger director, officer: President,
Jessica K Norman officer: EVP, General Counsel,Secretary 1835 MARKET STREET, SUITE 2601, PHILADELPHIA PA 19103
Susan E Skerritt director 3200 NORTHLINE AVE, SUITE 360, GREENSBORO NC 27408
Thomas Reddin director 11115 RUSHMORE DR, CHARLOTTE NC 28277
Michael J Bilerman officer: See Remarks 3200 NORTHLINE AVE., SUITE 360, GREENSBORO NC 27408
Guerrieri Thomas Joseph Jr officer: VP, CAO and Controller 3200 NORTHLINE AVE., SUITE 360, GREENSBORO NC 27408
Justin C Stein officer: EVP, Leasing 3200 NORTHLINE AVE., SUITE 360, GREENSBORO NC 27408
Andrew R Wingrove officer: EVP, Chief Commercial Officer 3200 NORTHLINE AVE., SUITE 360, GREENSBORO NC 27408
Carrie A Warren officer: Senior V.P. of Marketing 5900 HENSON FARM RD, SUMMERFIELD NC 27358
Chad Perry officer: EVP,General Counsel,Secretary C/O TANGER FACTORY OUTLET CENTERS, INC., 3200 NORTHLINE AVENUE, SUITE 360, GREENSBORO NC 27408
Sandeep Mathrani director
Gallardo Leslie Swanson officer: Executive VP Operations 3200 NORTHLINE AVE., SUITE 360, GREENSBORO NC 27408
James Floyd Williams officer: Vice President & Controller 3204 COTTINGHAM COURT, GREENSBORO NC 27410
Stephen Yalof officer: President & COO 3200 NORTHLINE AVE., SUITE 360, GREENSBORO NC 27408
Charles Allen Worsham officer: SVP,Construction & Development 3200 NORTHLINE AVENUE, SUITE 360, GREENSBORO NC 27408