Tennessee ranked higher than other southern states in fiscal health. (Screenshot: Staff)

Tennessee ranks eighth in the United States in terms of fiscal health, according to a new study.

Researchers who compiled this year’s edition of the Mercatus Center at George Mason University studyRanking the States by Fiscal Conditionevaluated five categories to get their results.

The study found thatTennessee has between 3.72 and 5.29 times the cash needed to cover short-term obligations. And the state’s revenues exceed expenses by 5 percent.

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The state also ranks well in the long term, according to the report.

Click here to see the entire breakdown for the state.

The top five states for fiscal health are Florida, North Dakota, South Dakota, Utah and Wyoming.

The bottom five are Maryland, Kentucky, Massachusetts, Illinois and New Jersey.

Click here for more information about all the states.

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