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Tennant Co  (TNC)
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Tennant Co's Working Capital Ratio

TNC's quarterly Working Capital Ratio and Current Assets, Current Liabilities growth


In the wake of the increase in Current Liabilities in the forth quarter 2023, Working Capital Ratio fell to 2.08 below Tennant Co average.

Within Industrial Machinery and Components industry 37 other companies have achieved higher Working Capital Ratio than Tennant Co in forth quarter 2023. While Working Capital Ratio total ranking has improved so far during the IV Quarter 2023 to 582, from total ranking in the third quarter 2023 at 1957.

Explain Working Capital Ratio
How much in Current Assets TNCīs has?
What is the value of TNCīs Current Liabilities?


TNC Working Capital Ratio (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Current Liabilities Change 4.63 % 0.25 % -2.68 % -3.6 % -9.89 %
Y / Y Current Assets Change -1.08 % 6.25 % 13.18 % 10.98 % 9.21 %
Working Capital Ratio MRQ 2.08 2.27 2.29 2.27 2.2
TNC's Total Ranking # 582 # 1957 # 1215 # 168 # 450
Seq. Current Liabilities Change 11.81 % -5.04 % 0.39 % -1.83 % 7.13 %
Seq. Current Assets Change 2.61 % -5.97 % 1.27 % 1.23 % 10.21 %



Working Capital Ratio forth quarter 2023 Company Ranking
Within: No.
Industrial Machinery and Components Industry # 38
Capital Goods Sector # 75
Overall Market # 582


Working Capital Ratio Statistics
High Average Low
2.6 2.13 1.69
(Mar 31 2020)   (Mar 31 2019)




Financial Statements
Tennant Co's Current Liabilities $ 274 Millions Visit TNC's Balance sheet
Tennant Co's Current Assets $ 569 Millions Visit TNC's Balance sheet
Source of TNC's Sales Visit TNC's Sales by Geography


Cumulative Tennant Co's Working Capital Ratio

TNC's Working Capital Ratio for the trailling 12 Months

TNC Working Capital Ratio

(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Current Liabilities TTM Growth 4.63 % 0.25 % -2.68 % -3.6 % -9.89 %
Y / Y Current Assets TTM Growth -1.08 % 6.25 % 13.18 % 10.98 % 9.21 %
Working Capital Ratio TTM 2.22 2.25 2.22 2.14 2.07
Total Ranking TTM # 1186 # 132 # 4037 # 1620 # 913
Seq. Current Liabilities TTM Growth 11.81 % -5.04 % 0.39 % -1.83 % 7.13 %
Seq. Current Assets TTM Growth 2.61 % -5.97 % 1.27 % 1.23 % 10.21 %


On the trailing twelve months basis Due to increase in Current Liabilities in the IV Quarter 2023 to $273.70 millions, cumulative Working Capital Ratio decreased to 2.22 above the TNC average Working Capital Ratio.
Working Capital Ratio is the average cumulative value over the last four quarters.

Among companies operating within Industrial Machinery and Components industry 51 other companies have achieved higher Working Capital Ratio than Tennant Co. While Working Capital Ratio total ranking has deteriorated compared to the previous twelve months ending in the third quarter 2023 from 132 to 1186.

Explain Working Capital Ratio
How much in Current Assets TNCīs has?
What is the value of TNCīs Current Liabilities?

TTM Working Capital Ratio Company Ranking
Within: No.
Within the Industrial Machinery and Components Industry # 52
Capital Goods Sector # 110
Within the Market # 1186


trailing twelve months Working Capital Ratio Statistics
High Average Low
2.43 2.1 1.77
(June 30. 2015)   (Dec 31 2019)




Companies with similar Working Capital Ratio in the quarter ending Dec 31 2023, within Industrial Machinery and Components Industry Working Capital RatioDec 31 2023 MRQ Current AssetsDec 31 2023 MRQ Current Liabilities
Sono Tek Corp  5.38 $ 18.688  Millions$ 3.473  Millions
Lam Research Corporation  5.27 $ 13,054.612  Millions$ 2,479.428  Millions
Asml Holding Nv  5.05 $ 27,321.168  Millions$ 5,413.744  Millions
Veeco Instruments inc  4.40 $ 706.278  Millions$ 160.409  Millions
Intevac Inc   4.10 $ 133.377  Millions$ 32.510  Millions
Axcelis Technologies Inc  3.79 $ 1,079.991  Millions$ 285.129  Millions
Alamo Group Inc   3.76 $ 803.957  Millions$ 213.926  Millions
Graftech International Ltd   3.65 $ 674.793  Millions$ 185.126  Millions
Bloom Energy Corp  3.60 $ 1,693.167  Millions$ 470.422  Millions
Hyzon Motors Inc   3.58 $ 152.523  Millions$ 42.553  Millions
Lindsay Corporation  3.53 $ 501.302  Millions$ 141.971  Millions
John Bean Technologies Corporation  3.52 $ 1,100.200  Millions$ 312.400  Millions
Spectrum Brands Holdings Inc   3.36 $ 2,515.700  Millions$ 749.300  Millions
Standex International Corp  3.34 $ 435.999  Millions$ 130.542  Millions
Aaon Inc   3.23 $ 408.954  Millions$ 126.749  Millions
Cricut Inc   3.16 $ 619.969  Millions$ 196.464  Millions
Desktop Metal inc   3.08 $ 216.137  Millions$ 70.104  Millions
Gates Industrial Corporation Plc  3.08 $ 2,401.300  Millions$ 779.300  Millions
Zurn Elkay Water Solutions Corporation  3.02 $ 667.800  Millions$ 220.900  Millions
Atkore Inc   2.96 $ 1,498.144  Millions$ 505.357  Millions
Liqtech International Inc  2.95 $ 22.090  Millions$ 7.500  Millions
Carrier Global Corporation  2.90 $ 18,780.000  Millions$ 6,466.000  Millions
Enerpac Tool Group Corp   2.83 $ 359.959  Millions$ 126.984  Millions
Trio tech International  2.72 $ 35.077  Millions$ 12.875  Millions
Enersys  2.67 $ 1,772.277  Millions$ 662.895  Millions
Energy Vault Holdings Inc   2.63 $ 279.582  Millions$ 106.207  Millions
Kennametal Inc   2.51 $ 1,009.820  Millions$ 401.807  Millions
Ekso Bionics Holdings Inc   2.49 $ 20.208  Millions$ 8.117  Millions
Siteone Landscape Supply Inc   2.43 $ 1,405.300  Millions$ 578.300  Millions
Acm Research Inc   2.35 $ 1,176.110  Millions$ 500.659  Millions

Date modified: 2024-02-22T21:20:51+00:00



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