Teekay Tankers (Teekay Tankers) Interest Expense : $-28 Mil (TTM As of Dec. 2023)

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What is Teekay Tankers Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Teekay Tankers's interest expense for the three months ended in Dec. 2023 was $ -4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-28 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 Tankers's Operating Income for the three months ended in Dec. 2023 was $ 103 Mil. Teekay Tankers's Interest Expense for the three months ended in Dec. 2023 was $ -4 Mil. Teekay Tankers's Interest Coverage for the quarter that ended in Dec. 2023 was 24.77. 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 Tankers Interest Expense Historical Data

The historical data trend for Teekay Tankers'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 Tankers Interest Expense Chart

Teekay Tankers Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-65.36

-51.53

-35.03

-35.74

-27.71

Teekay Tankers Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-9.67	-11.22	-5.91	-6.44	-4.14

Teekay Tankers 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-28 Mil.

Teekay Tankers (NYSE:TNK) 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 Tankers's Interest Expense for the three months ended in Dec. 2023 was $-4 Mil. Its Operating Income for the three months ended in Dec. 2023 was $103 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $160 Mil.

Teekay Tankers's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	102.553	/	-4.141
	=	24.77

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

Teekay Tankers (Teekay Tankers) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Teekay Tankers Ltd (NYSE:TNK) » Definitions » Interest Expense

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Traded in Other Exchanges

3TKA:Germany

Address

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

Website

https://www.teekay.com

Teekay Tankers Ltd is a provider of marine services to the global oil and natural gas industries and an operator of medium-sized oil tankers. The company operates in two segments: tanker and ship-to-ship transfer. The vast majority of its revenue comes from the tanker segment, which consists of crude oil and product tankers for different contracts.