Tanger (Tanger) LT-Debt-to-Total-Asset : 0.65 (As of Dec. 2023)

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What is Tanger LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Tanger's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.65.

Tanger's long-term debt to total assets ratio declined from Dec. 2022 (0.68) to Dec. 2023 (0.65). It may suggest that Tanger is progressively becoming less dependent on debt to grow their business.

Tanger LT-Debt-to-Total-Asset Historical Data

The historical data trend for Tanger's LT-Debt-to-Total-Asset 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.

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Tanger LT-Debt-to-Total-Asset Chart

Tanger Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.73

0.76

0.69

0.68

0.65

Tanger Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.68	0.69	0.69	0.69	0.65

Tanger LT-Debt-to-Total-Asset Calculation

Tanger's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	1512.279	/	2324.119
	=	0.65

Tanger's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	1512.279	/	2324.119
	=	0.65

Tanger (NYSE:SKT) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Tanger LT-Debt-to-Total-Asset Related Terms

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Tanger (Tanger) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

T6O:Germany T6O:Germany

Address

3200 Northline Avenue, Suite 360, Greensboro, NC, USA, 27408

Website

https://www.tangeroutlet.com

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