Tennant Company
Tennant Company, together with its subsidiaries, designs, manufactures, and markets floor cleaning equipment in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers a suite of products, including floor maintenance and cleaning equipment, detergent-free and other sustainable cleaning technologies, aftermarket parts and consumables, equipment maintenance and repai… Read more
Tennant Company (TNC) - Total Assets
Latest total assets as of September 2025: $1.26 Billion USD
Based on the latest financial reports, Tennant Company (TNC) holds total assets worth $1.26 Billion USD as of September 2025.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Tennant Company - Total Assets Trend (1985–2024)
This chart illustrates how Tennant Company’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Tennant Company - Asset Composition Analysis
Current Asset Composition (December 2024)
Tennant Company's total assets of $1.26 Billion consist of 48.5% current assets and 51.6% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $99.80 Million | 8.4% |
| Accounts Receivable | $259.10 Million | 21.8% |
| Inventory | $183.80 Million | 15.4% |
| Property, Plant & Equipment | $239.00 Million | 20.1% |
| Intangible Assets | $58.70 Million | 4.9% |
| Goodwill | $185.60 Million | 15.6% |
Asset Composition Trend (1985–2024)
This chart illustrates how Tennant Company's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Tennant Company's current assets represent 48.5% of total assets in 2024, a decrease from 62.7% in 1985.
- Cash Position: Cash and equivalents constituted 8.4% of total assets in 2024, up from 3.0% in 1985.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 19.0% of total assets, an increase from 0.0% in 1985.
- Asset Diversification: The largest asset category is accounts receivable at 21.8% of total assets.
Tennant Company Competitors by Total Assets
Key competitors of Tennant Company based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Ivisionworks Co.,Ltd.
KQ:469750
|
Korea | ₩50.10 Billion |
|
Huayi Compressor Co Ltd
SHE:000404
|
China | CN¥15.16 Billion |
|
Shenyang Machine Tool Co Ltd
SHE:000410
|
China | CN¥9.63 Billion |
|
North Industries Group Red Arrow Co Ltd
SHE:000519
|
China | CN¥17.38 Billion |
|
Bingshan Refrigeration & Heat Transfer Technologies Co Ltd
SHE:000530
|
China | CN¥7.57 Billion |
|
Jiangsu Youli Investment Holding Co Ltd
SHE:000584
|
China | CN¥3.49 Billion |
|
Baota Industry Co Ltd
SHE:000595
|
China | CN¥9.54 Billion |
|
SUFA Technology Industry Co Ltd CNNC
SHE:000777
|
China | CN¥3.70 Billion |
Tennant Company - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Strong asset utilization - Tennant Company generates 1.08x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Solid ROA - For every $100 in assets, Tennant Company generates $7.03 in net profit.
Tennant Company - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 2.13 | 2.17 | 1.94 |
| Quick Ratio | 1.39 | 1.43 | 1.44 |
| Cash Ratio | 0.35 | 0.33 | 0.00 |
| Working Capital | $316.80 Million | $ 320.40 Million | $ 239.30 Million |
Tennant Company - Advanced Valuation Insights
This section examines the relationship between Tennant Company's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 2.35 |
| Latest Market Cap to Assets Ratio | 0.93 |
| Asset Growth Rate (YoY) | 6.9% |
| Total Assets | $1.19 Billion |
| Market Capitalization | $1.11 Billion USD |
Valuation Analysis
Near Book Valuation: The market values Tennant Company's assets close to their book value ( 0.93x), suggesting investors view the company's assets at approximately fair value.
Positive Asset Growth: Tennant Company's assets grew by 6.9% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for Tennant Company (1985–2024)
The table below shows the annual total assets of Tennant Company from 1985 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $1.19 Billion | +6.89% |
| 2023-12-31 | $1.11 Billion | +2.61% |
| 2022-12-31 | $1.09 Billion | +2.20% |
| 2021-12-31 | $1.06 Billion | -1.93% |
| 2020-12-31 | $1.08 Billion | +1.85% |
| 2019-12-31 | $1.06 Billion | +7.09% |
| 2018-12-31 | $992.54 Million | -0.14% |
| 2017-12-31 | $993.98 Million | +111.47% |
| 2016-12-31 | $470.04 Million | +8.73% |
| 2015-12-31 | $432.30 Million | -11.22% |
| 2014-12-31 | $486.93 Million | +6.71% |
| 2013-12-31 | $456.31 Million | +8.45% |
| 2012-12-31 | $420.76 Million | -0.83% |
| 2011-12-31 | $424.26 Million | +5.10% |
| 2010-12-31 | $403.67 Million | +6.87% |
| 2009-12-31 | $377.73 Million | -17.27% |
| 2008-12-31 | $456.60 Million | +19.51% |
| 2007-12-31 | $382.07 Million | +7.85% |
| 2006-12-31 | $354.25 Million | +13.73% |
| 2005-12-31 | $311.47 Million | +8.99% |
| 2004-12-31 | $285.79 Million | +10.40% |
| 2003-12-31 | $258.87 Million | +1.03% |
| 2002-12-31 | $256.24 Million | +3.90% |
| 2001-12-31 | $246.62 Million | -6.33% |
| 2000-12-31 | $263.29 Million | +2.25% |
| 1999-12-31 | $257.50 Million | +7.70% |
| 1998-12-31 | $239.10 Million | +2.22% |
| 1997-12-31 | $233.90 Million | +6.71% |
| 1996-12-31 | $219.20 Million | +1.58% |
| 1995-12-31 | $215.80 Million | +18.05% |
| 1994-12-31 | $182.80 Million | +42.15% |
| 1993-12-31 | $128.60 Million | -0.31% |
| 1992-12-31 | $129.00 Million | +15.59% |
| 1991-12-31 | $111.60 Million | -3.96% |
| 1990-12-31 | $116.20 Million | -1.19% |
| 1989-12-31 | $117.60 Million | -0.17% |
| 1988-12-31 | $117.80 Million | +11.03% |
| 1987-12-31 | $106.10 Million | +11.68% |
| 1986-12-31 | $95.00 Million | +5.79% |
| 1985-12-31 | $89.80 Million | -- |