Teekay (Teekay) Interest Expense : $-22 Mil (TTM As of Mar. 2024)

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What is Teekay Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Teekay's interest expense for the three months ended in Mar. 2024 was $ -5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-22 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Teekay's Operating Income for the three months ended in Mar. 2024 was $ 129 Mil. Teekay's Interest Expense for the three months ended in Mar. 2024 was $ -5 Mil. Teekay's Interest Coverage for the quarter that ended in Mar. 2024 was 26.32. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Teekay Interest Expense Historical Data

The historical data trend for Teekay's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Teekay Interest Expense Chart

Teekay Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-111.40

-89.08

-68.41

-38.58

-28.01

Teekay Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-11.38	-5.96	-6.46	-4.22	-4.90

Teekay Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-22 Mil.

Teekay (NYSE:TK) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Teekay's Interest Expense for the three months ended in Mar. 2024 was $-5 Mil. Its Operating Income for the three months ended in Mar. 2024 was $129 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $46 Mil.

Teekay's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	128.877	/	-4.897
	=	26.32

The higher the ratio, the stronger the company's financial strength is.

Teekay (Teekay) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Teekay Corp (NYSE:TK) » Definitions » Interest Expense

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Traded in Other Exchanges

TK:Mexico TCD:Germany TCD:Germany

Address

69 Pitts Bay Road, 4th Floor, Belvedere Building, Hamilton, BMU, HM 08

Website

https://www.teekay.com

Teekay Corp is engaged in providing crude oil and gas marine transportation services. It also offers offshore oil production, storage, and offloading services, primarily under long-term, fixed-rate contracts. The company has three primary lines of business: offshore production (FPSO units), operational and maintenance marine services, and conventional tankers. It manages these businesses for the benefit of all stakeholders. The company serves energy and utility companies, oil traders, large oil and LNG consumers, petroleum product producers, government agencies, and various other entities that depend upon marine transportation.