Teekay Tankers (TNK) Debt Metrics
Market Cap: $1.33B
Avg Volume: 465.51K
Industry: Oil & Gas Midstream
Sector: Energy
How much debt does Teekay Tankers have?
According to Teekay Tankers's latest annual financial reports, the company's debt profile is as follows:
Total Debt and Liabilities
Teekay Tankers's total debt stands at $62.29M. This is broken down into:
- Long-term debt: $37.41M
- Short-term debt: $24.88M
The company's net debt, which accounts for cash and cash equivalents, is $-449.60M. In terms of overall financial obligations, Teekay Tankers's total liabilities amount to $217.42M.
Debt Ratios and Metrics
To better understand Teekay Tankers's debt position, we can look at several key ratios:
- Debt to Equity Ratio: 0.04 - this indicates the proportion of equity and debt the company uses to finance its assets.
- Debt Ratio: 3.16% - this shows the proportion of a company's assets that are financed through debt.
- Interest Coverage Ratio: 50.88 - 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: 3.42% - this indicates the total debt in the company's capital structure.
These metrics provide insight into Teekay Tankers'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
$62.29M
Long-term Debt
$37.41M
Short-term Debt
$24.88M
Net Debt
$-449.60M
Total Liabilities
$217.42M
Interest Coverage
50.88
Debt to Equity Ratio
0.04
Debt Ratio
3.16%
Teekay Tankers Historical Debt Metrics
Teekay Tankers 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 | $62.29M | $37.41M | $24.88M | $-449.60M | $217.42M | 0.04 | 3.16% | 50.88 | 0.00% | 3.42% |
| 2023 | $215.91M | $159.51M | $56.40M | $-150.03M | $347.71M | 0.14 | 11.52% | 19.34 | 0.00% | 12.40% |
| 2022 | $576.20M | $499.46M | $76.75M | $395.69M | $713.65M | 0.54 | 32.30% | 7.16 | 0.00% | 35.00% |
| 2021 | $654.03M | $577.11M | $77.04M | $603.46M | $780.34M | 0.78 | 40.40% | -5.54 | 26.66% | 43.82% |
| 2020 | $617.00M | $513.99M | $103.31M | $519.77M | $761.34M | 0.57 | 33.53% | 4.25 | 17.70% | 36.38% |
| 2019 | $1.04B | $908.81M | $135.22M | $955.20M | $1.25B | 1.05 | 46.65% | 1.88 | 34.27% | 51.33% |
| 2018 | $1.11B | $983.56M | $127.13M | $1.06B | $1.21B | 1.17 | 51.40% | 0.12 | 39.92% | 53.98% |
| 2017 | $1.10B | $927.24M | $174.01M | $1.03B | $1.19B | 1.09 | 50.12% | 0.05 | 43.83% | 52.24% |
| 2016 | $933.02M | $762.00M | $171.02M | $864.91M | $1.01B | 1.01 | 48.28% | 2.90 | 45.29% | 50.33% |
| 2015 | $1.16B | $990.56M | $174.05M | $1.07B | $1.29B | 1.33 | 53.68% | 10.77 | 53.03% | 57.03% |
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