How much debt does Teekay have?
According to Teekay's latest annual financial reports, the company's debt profile is as follows:
Total Debt and Liabilities
Teekay's total debt stands at $65.55M. This is broken down into:
- Long-term debt: $37.41M
- Short-term debt: $28.14M
The company's net debt, which accounts for cash and cash equivalents, is $-619.78M. In terms of overall financial obligations, Teekay's total liabilities amount to $217.95M.
Debt Ratios and Metrics
To better understand Teekay's debt position, we can look at several key ratios:
- Debt to Equity Ratio: 0.09 - this indicates the proportion of equity and debt the company uses to finance its assets.
- Debt Ratio: 3.04% - this shows the proportion of a company's assets that are financed through debt.
- Interest Coverage Ratio: 48.43 - this measures how easily a company can pay interest on its outstanding debt.
- Long-term Debt to Capitalization: 0.00% - this shows the proportion of long-term debt in the company's capital structure.
- Total Debt to Capitalization: 8.46% - this indicates the total debt in the company's capital structure.
These metrics provide insight into Teekay's financial leverage and its ability to meet financial obligations. For a comprehensive understanding of the company's financial health, it's important to consider these debt metrics alongside other financial indicators and industry benchmarks.
Total Debt
$65.55M
Long-term Debt
$37.41M
Short-term Debt
$28.14M
Net Debt
$-619.78M
Total Liabilities
$217.95M
Interest Coverage
48.43
Debt to Equity Ratio
0.09
Debt Ratio
3.04%
Teekay Historical Debt Metrics
Teekay Historical Debt
The table below shows various debt metrics for each year, with the latest data available for the last fiscal year 2024.
| Year | Total Debt | Long-term Debt | Short-term Debt | Net Debt | Total Liabilities | Debt to Equity | Debt Ratio | Interest Coverage | Long-term Debt to Capitalization | Total Debt to Capitalization |
|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $65.55M | $37.41M | $28.14M | $-619.78M | $217.95M | 0.09 | 3.04% | 48.43 | 0.00% | 8.46% |
| 2023 | $227.20M | $168.28M | $58.93M | $-252.88M | $396.29M | 0.31 | 10.34% | 18.98 | 0.00% | 23.68% |
| 2022 | $597.39M | $509.99M | $100.16M | $287.53M | $795.24M | 0.96 | 27.59% | 6.37 | 0.00% | 48.93% |
| 2021 | $1.01B | $688.49M | $318.87M | $896.24M | $4.10B | 1.95 | 15.39% | -2.71 | 44.69% | 66.12% |
| 2020 | $3.82B | $876.04M | $113.29M | $3.47B | $4.47B | 7.94 | 55.00% | 2.63 | 54.30% | 88.81% |
| 2019 | $4.85B | $4.13B | $752.36M | $4.50B | $5.51B | 10.07 | 60.04% | 1.30 | 82.70% | 90.97% |
| 2018 | $4.99B | $4.65B | $419.54M | $4.57B | $5.52B | 6.17 | 59.50% | 0.65 | 79.18% | 86.06% |
| 2017 | $4.58B | $3.66B | $1.04B | $4.13B | $5.16B | 5.80 | 56.57% | 0.02 | 76.84% | 85.30% |
| 2016 | $7.03B | $5.99B | $1.15B | $6.46B | $8.73B | 7.82 | 54.88% | 1.36 | 86.25% | 88.66% |
| 2015 | $7.44B | $6.33B | $1.40B | $6.76B | $9.36B | 8.10 | 56.99% | 2.58 | 87.23% | 89.01% |
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