Tennant Company (TNC) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 611.1M | 599.7M | 598.3M | 574.6M | 550.9M | 576.6M | 593.9M | 577.8M | 561.1M | 569.1M | 554.6M | 589.8M | 582.4M | 575.3M | 522M | 521.1M | 524.8M | 526.8M | 526.3M | 522.4M |
| Cash & Short-Term Investments | 82.6M | 106.4M | 99.4M | 80.1M | 79.5M | 99.6M | 91.3M | 84.6M | 88.8M | 116.9M | 97M | 95.8M | 91.4M | 77.2M | 59.2M | 73.8M | 110.4M | 123.1M | 140.6M | 135.1M |
| Cash Only | 82.6M | 106.4M | 99.4M | 80.1M | 79.5M | 99.6M | 91.3M | 84.6M | 88.8M | 116.9M | 97M | 95.8M | 91.4M | 77.2M | 59.2M | 73.8M | 110.4M | 123.1M | 140.6M | 135.1M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 280.6M | 256.8M | 249.3M | 265.3M | 251.2M | 259.1M | 260.2M | 268.8M | 257.3M | 247.6M | 241.9M | 263.5M | 254.3M | 251.5M | 219.3M | 215.7M | 199.5M | 211.4M | 198.4M | 207.6M |
| Days Sales Outstanding | 81.18 | 79.84 | 78.05 | 73.76 | 79.18 | 72.63 | 77.06 | 72.32 | 73.87 | 72.31 | 76.3 | 73.24 | 74.43 | 74.42 | 76.11 | 67.52 | 71.64 | 68.2 | 68.66 | 65.57 |
| Inventory | 204.6M | 198.5M | 205.9M | 195.4M | 191.3M | 183.8M | 201.8M | 189.7M | 181.4M | 175.9M | 184.6M | 198.4M | 203.6M | 206.6M | 199.6M | 188.6M | 184.4M | 160.6M | 158.3M | 148.2M |
| Days Inventory Outstanding | 98.42 | 97.5 | 106.15 | 95.36 | 99.29 | 91.95 | 98.95 | 89.67 | 93.7 | 91.82 | 102.02 | 100.39 | 102.38 | 106.29 | 110.09 | 97.48 | 97.52 | 83.44 | 86.6 | 79.17 |
| Other Current Assets | 43.3M | 38M | 43.7M | 33.8M | 28.9M | 34.1M | 40.6M | 34.7M | 33.6M | 28.7M | 31.1M | 32.1M | 33.1M | 40M | 0 | 0 | 0 | 500K | 0 | 0 |
| Total Non-Current Assets | 665.5M | 669.2M | 658.6M | 666.9M | 629.4M | 613.5M | 622.2M | 589.7M | 590.6M | 544.3M | 504.7M | 518.5M | 518.3M | 509.8M | 483.1M | 504.1M | 525.4M | 534.9M | 540.8M | 559M |
| Property, Plant & Equipment | 241M | 246.7M | 246.8M | 246.4M | 240M | 239M | 235.8M | 223.6M | 225.1M | 229.4M | 214.4M | 216.8M | 216.2M | 211.7M | 197.5M | 206.2M | 209.8M | 214.1M | 211.3M | 217.7M |
| Fixed Asset Turnover | 1.22x | 1.18x | 1.23x | 1.31x | 1.21x | 1.39x | 1.37x | 1.48x | 1.37x | 1.40x | 1.41x | 1.49x | 1.43x | 1.42x | 1.30x | 1.35x | 1.22x | 1.30x | 1.27x | 1.29x |
| Goodwill | 209.9M | 208.6M | 208.3M | 207.2M | 192.8M | 185.6M | 198.4M | 191M | 192.2M | 187.4M | 180.5M | 185.6M | 185M | 182M | 168.6M | 180.3M | 190M | 193.1M | 197.7M | 202M |
| Intangible Assets | 52.5M | 52.6M | 55.9M | 58.2M | 57.3M | 58.7M | 66.4M | 67.5M | 72.3M | 63.1M | 64.2M | 69.6M | 73.2M | 76.4M | 74M | 83.1M | 91.6M | 98M | 104.3M | 111.1M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 700K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 162.1M | 161.3M | 147.6M | 155.1M | 139.3M | 129.5M | 121.6M | 107.6M | 101M | 64.4M | 45.6M | 46.5M | 43.9M | 39.7M | 43M | 34.5M | 34M | 29.7M | 27.5M | 28.2M |
| Total Assets | 1.28B | 1.27B | 1.26B | 1.24B | 1.18B | 1.19B | 1.22B | 1.17B | 1.15B | 1.11B | 1.06B | 1.11B | 1.1B | 1.09B | 1.01B | 1.03B | 1.05B | 1.06B | 1.07B | 1.08B |
| Asset Turnover | 0.23x | 0.23x | 0.24x | 0.26x | 0.24x | 0.27x | 0.26x | 0.29x | 0.27x | 0.29x | 0.28x | 0.29x | 0.28x | 0.28x | 0.26x | 0.27x | 0.24x | 0.26x | 0.25x | 0.26x |
| Asset Growth % | 8.16% | 6.62% | 3.36% | 6.34% | 2.48% | 6.89% | 14.8% | 5.34% | 4.63% | 2.61% | 5.39% | 8.11% | 4.81% | 2.2% | -5.81% | -5.2% | -2.83% | -1.93% | 0.34% | 5.17% |
| Total Current Liabilities | 288.6M | 293.1M | 281.5M | 274.8M | 257.4M | 292.2M | 273.5M | 266.2M | 260.4M | 273.7M | 244.8M | 257.8M | 256.8M | 261.6M | 244.2M | 264.9M | 266.4M | 290.3M | 276.2M | 284.3M |
| Accounts Payable | 123.1M | 127.5M | 110.6M | 122.3M | 115.3M | 126.9M | 128M | 128.7M | 124.9M | 111.4M | 98.5M | 113M | 117.6M | 126.1M | 110M | 120.4M | 120M | 121.5M | 117.4M | 118.5M |
| Days Payables Outstanding | 61.19 | 57.4 | 61.61 | 58.6 | 64.11 | 60.78 | 64.88 | 61.28 | 61.97 | 53.46 | 56.33 | 57.59 | 60.82 | 61.78 | 65.34 | 62.83 | 68.26 | 62.51 | 66.65 | 61.88 |
| Short-Term Debt | 400K | 400K | 400K | 0 | 0 | 800K | 0 | 7.5M | 6.9M | 6.3M | 5.6M | 5M | 5M | 5.2M | 5.2M | 5.2M | 4.7M | 4.2M | 3.7M | 3.2M |
| Deferred Revenue (Current) | 0 | 0 | 13.6M | 0 | 0 | 9.8M | 0 | 0 | 0 | 7.9M | 0 | 0 | 0 | 6.6M | 0 | 0 | 0 | 7.7M | 0 | 0 |
| Other Current Liabilities | 125.5M | 124.3M | 108M | 152.1M | 141.6M | 96M | 144.9M | 129.7M | 128.3M | 102.3M | 140.4M | 139.5M | 133.9M | 79.9M | 128.9M | 139.3M | 141.7M | 113.3M | 155.1M | 162.6M |
| Current Ratio | 2.12x | 2.05x | 2.13x | 2.09x | 2.14x | 1.97x | 2.17x | 2.17x | 2.15x | 2.08x | 2.27x | 2.29x | 2.27x | 2.20x | 2.14x | 1.97x | 1.97x | 1.81x | 1.91x | 1.84x |
| Quick Ratio | 1.41x | 1.37x | 1.39x | 1.38x | 1.40x | 1.34x | 1.43x | 1.46x | 1.46x | 1.44x | 1.51x | 1.52x | 1.48x | 1.41x | 1.32x | 1.26x | 1.28x | 1.26x | 1.33x | 1.32x |
| Cash Conversion Cycle | 118.41 | 119.93 | 122.59 | 110.53 | 114.36 | 103.8 | 111.13 | 100.71 | 105.6 | 110.67 | 121.98 | 116.04 | 115.99 | 118.93 | 120.86 | 102.17 | 100.9 | 89.13 | 88.61 | 82.86 |
| Total Non-Current Liabilities | 455M | 372.4M | 332.7M | 313M | 296.8M | 275.8M | 294.1M | 275.4M | 275.4M | 261.4M | 268.2M | 328.6M | 350.7M | 351.4M | 334.4M | 326.3M | 346.5M | 336.3M | 347.8M | 359.6M |
| Long-Term Debt | 358.3M | 308.7M | 237.5M | 212.5M | 212.5M | 197M | 207.5M | 205M | 206.9M | 193.7M | 216.2M | 272.4M | 293.5M | 294.8M | 276.3M | 260.5M | 276.9M | 263.4M | 264.7M | 266M |
| Capital Lease Obligations | 33.8M | 35.5M | 35.1M | 35M | 36.2M | 37.5M | 36.3M | 30.3M | 27.6M | 27.9M | 19M | 17.7M | 18.6M | 17.4M | 17.3M | 21.8M | 22.9M | 25.4M | 26.3M | 29.5M |
| Deferred Tax Liabilities | 4.2M | 3.3M | 1.2M | 5.3M | 5.1M | 4.9M | 7.9M | 7.9M | 8.4M | 5M | 8.6M | 9.7M | 10.5M | 11.5M | 15.9M | 17.9M | 19.6M | 20.6M | 25.8M | 33.4M |
| Other Non-Current Liabilities | 58.7M | 24.9M | 45M | 60.2M | 43M | 36.4M | 42.4M | 32.2M | 32.5M | 34.8M | 24.4M | 28.8M | 28.1M | 27.7M | 24.9M | 26.1M | 27.1M | 26.9M | 31M | 30.7M |
| Total Liabilities | 743.6M | 665.5M | 614.2M | 587.8M | 554.2M | 568M | 567.6M | 541.6M | 535.8M | 535.1M | 513M | 586.4M | 607.5M | 613M | 578.6M | 591.2M | 612.9M | 626.6M | 624M | 643.9M |
| Total Debt | 392.5M | 344.6M | 273M | 247.9M | 249.2M | 254.3M | 244.4M | 243.1M | 241.7M | 242.4M | 241.1M | 295.4M | 317.4M | 332.4M | 298.9M | 287.5M | 304.5M | 309.4M | 294.7M | 298.7M |
| Net Debt | 309.9M | 238.2M | 173.6M | 167.8M | 169.7M | 154.7M | 153.1M | 158.5M | 152.9M | 125.5M | 144.1M | 199.6M | 226M | 255.2M | 239.7M | 213.7M | 194.1M | 186.3M | 154.1M | 163.6M |
| Debt / Equity | 0.74x | 0.57x | 0.42x | 0.38x | 0.40x | 0.41x | 0.38x | 0.39x | 0.39x | 0.42x | 0.44x | 0.57x | 0.64x | 0.70x | 0.70x | 0.66x | 0.70x | 0.71x | 0.67x | 0.68x |
| Debt / EBITDA | 19.82x | 21.95x | 7.38x | 5.47x | 7.42x | 11.72x | 5.52x | 4.64x | 4.74x | 6.35x | 5.09x | 5.28x | 6.60x | 8.11x | 9.14x | 9.21x | 11.15x | 11.63x | 7.96x | 8.97x |
| Net Debt / EBITDA | 15.65x | 15.17x | 4.69x | 3.70x | 5.05x | 7.13x | 3.46x | 3.02x | 3.00x | 3.29x | 3.04x | 3.56x | 4.70x | 6.22x | 7.33x | 6.85x | 7.11x | 7.00x | 4.16x | 4.91x |
| Interest Coverage | 2.53x | -1.86x | 9.08x | 13.41x | 8.48x | 4.31x | 11.19x | 15.76x | 16.26x | 9.80x | 10.06x | 10.98x | 9.65x | 8.26x | 10.00x | 18.17x | 50.00x | 17.57x | 38.17x | 4.43x |
| Total Equity | 533M | 603.4M | 642.7M | 653.7M | 626.1M | 622.1M | 648.5M | 625.9M | 615.9M | 578.3M | 546.3M | 521.9M | 493.2M | 472.1M | 426.5M | 434M | 437.3M | 435.1M | 443.1M | 437.5M |
| Equity Growth % | -14.87% | -3.01% | -0.89% | 4.44% | 1.66% | 7.57% | 18.71% | 19.93% | 24.88% | 22.5% | 28.09% | 20.25% | 12.78% | 8.5% | -3.75% | -0.8% | 3.77% | 7.14% | 12.09% | 17.26% |
| Book Value per Share | 29.94 | 33.18 | 34.65 | 34.98 | 33.02 | 32.66 | 33.96 | 32.59 | 32.28 | 30.55 | 28.94 | 27.89 | 26.40 | 25.27 | 22.82 | 23.23 | 23.26 | 23.12 | 23.48 | 23.11 |
| Total Shareholders' Equity | 531.2M | 601.6M | 640.9M | 651.9M | 624.4M | 620.8M | 647.2M | 624.6M | 614.6M | 577M | 545M | 520.6M | 491.9M | 470.8M | 425.2M | 432.7M | 436M | 433.8M | 441.8M | 436.2M |
| Common Stock | 6.4M | 6.7M | 6.9M | 7M | 7M | 7.1M | 7.1M | 7.1M | 7.1M | 7M | 7M | 7M | 7M | 7M | 7M | 7M | 7M | 7M | 7M | 7M |
| Retained Earnings | 562.1M | 628.1M | 641.5M | 632M | 617.2M | 609.7M | 608.6M | 593.1M | 570.5M | 547.4M | 521.7M | 503.8M | 477.4M | 458M | 439.1M | 428.3M | 416.3M | 410.6M | 407.4M | 390.2M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -37.3M | -33.2M | -34.1M | -33.6M | -57.4M | -72.7M | -45.3M | -56.3M | -49.5M | -42.3M | -54.7M | -44.3M | -45.5M | -50.2M | -78.2M | -58M | -41.9M | -37.9M | -33.4M | -25.9M |
| Minority Interest | 1.8M | 1.8M | 1.8M | 1.8M | 1.7M | 1.3M | 1.3M | 1.3M | 1.3M | 1.3M | 1.3M | 1.3M | 1.3M | 1.3M | 1.3M | 1.3M | 1.3M | 1.3M | 1.3M | 1.3M |