Teekay Offshore Partners LP (Teekay Offshore Partners LP) Debt-to-Equity : 25.17 (As of Jun. 2022)

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What is Teekay Offshore Partners LP Debt-to-Equity?

Teekay Offshore Partners LP's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2022 was $901 Mil. Teekay Offshore Partners LP's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2022 was $1,520 Mil. Teekay Offshore Partners LP's Total Stockholders Equity for the quarter that ended in Jun. 2022 was $96 Mil. Teekay Offshore Partners LP's debt to equity for the quarter that ended in Jun. 2022 was 25.17.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Teekay Offshore Partners LP's Debt-to-Equity or its related term are showing as below:

TOO' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.95 Med: 4 Max: 32.8
Current: 25.17

During the past 13 years, the highest Debt-to-Equity Ratio of Teekay Offshore Partners LP was 32.80. The lowest was 1.95. And the median was 4.00.

TOO's Debt-to-Equity is not ranked
in the Oil & Gas industry.
Industry Median: 0.44 vs TOO: 25.17

Teekay Offshore Partners LP Debt-to-Equity Historical Data

The historical data trend for Teekay Offshore Partners LP's Debt-to-Equity 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.

* Premium members only.

Teekay Offshore Partners LP Debt-to-Equity Chart

Teekay Offshore Partners LP Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Debt-to-Equity

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2.20

4.14

4.86

12.93

32.80

Teekay Offshore Partners LP Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
Debt-to-Equity	Get a 7-Day Free Trial															17.00	16.62	32.80	19.77	25.17

Competitive Comparison of Teekay Offshore Partners LP's Debt-to-Equity

For the Oil & Gas Midstream subindustry, Teekay Offshore Partners LP's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Teekay Offshore Partners LP's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Teekay Offshore Partners LP's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Teekay Offshore Partners LP's Debt-to-Equity falls into.

Teekay Offshore Partners LP Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Teekay Offshore Partners LP's Debt to Equity Ratio for the fiscal year that ended in Dec. 2021 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(432.596	+	2255.999)	/	81.97
	=	32.80

Teekay Offshore Partners LP's Debt to Equity Ratio for the quarter that ended in Jun. 2022 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(900.574	+	1519.966)	/	96.178
	=	25.17

Teekay Offshore Partners LP (NYSE:TOO) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Teekay Offshore Partners LP Debt-to-Equity Related Terms

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Teekay Offshore Partners LP (Teekay Offshore Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Teekay Offshore Partners LP (NYSE:TOO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Altera House, Unit 3, Prospect Park, Arnhall Business Park, Westhill, Aberdeenshire, GBR, AB32 6FJ

Website

https://www.alterainfra.com

Altera Infrastructure LP is a global energy infrastructure services provider focused on the ownership and operation of critical infrastructure assets in offshore oil regions of the North Sea, Brazil, and the East Coast of Canada. The company's assets comprise offshore assets, including floating production, storage, and offloading (FPSO) units, shuttle tankers (including five new builds), floating storage and offtake (FSO) units, long-distance towing and offshore installation vessels, and a unit for maintenance and safety (UMS).

Executives

Luxor Capital Group, Lp	10 percent owner	7 TIMES SQUARE, 43RD FLOOR, NEW YORK NY 10036
Luxor Capital Partners Offshore Ltd	10 percent owner	C/O MAPLES CORPORATE SERVICES LTD., PO BOX 309, UGLAND HOUSE, GEORGE TOWN E9 KY1-1104
Luxor Capital Partners, Lp	10 percent owner	7 TIMES SQUARE, 43RD FLOOR, NEW YORK NY 10036
Lcg Select Llc	10 percent owner	767 FIFTH AVENUE, 19TH FLOOR, NEW YORK NY 10153
Lcg Select Offshore Ltd	10 percent owner	PO BOX 309GT UGLAND HOUSE SOUTH CHURCH S, GEORGE TOWN, GRAND CAYAMAN CAYMAN E9 00000