Teekay Tankers (Teekay Tankers) Debt-to-Equity : 0.14 (As of Dec. 2023)

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What is Teekay Tankers Debt-to-Equity?

Teekay Tankers's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $56 Mil. Teekay Tankers's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $160 Mil. Teekay Tankers's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,526 Mil. Teekay Tankers's debt to equity for the quarter that ended in Dec. 2023 was 0.14.

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 Tankers's Debt-to-Equity or its related term are showing as below:

TNK' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.14 Med: 1.03 Max: 1.48
Current: 0.14

During the past 13 years, the highest Debt-to-Equity Ratio of Teekay Tankers was 1.48. The lowest was 0.14. And the median was 1.03.

TNK's Debt-to-Equity is ranked better than
78.92% of 830 companies
in the Oil & Gas industry
Industry Median: 0.435 vs TNK: 0.14

Teekay Tankers Debt-to-Equity Historical Data

The historical data trend for Teekay Tankers'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 Tankers Debt-to-Equity Chart

Teekay Tankers Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.06

0.57

0.78

0.54

0.14

Teekay Tankers Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.54	0.36	0.22	0.16	0.14

Competitive Comparison of Teekay Tankers's Debt-to-Equity

For the Oil & Gas Midstream subindustry, Teekay Tankers'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 Tankers's Debt-to-Equity Distribution in the Oil & Gas Industry

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

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

Teekay Tankers Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Teekay Tankers's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 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
	=	(56.399	+	159.514)	/	1525.785
	=	0.14

Teekay Tankers's Debt to Equity Ratio for the quarter that ended in Dec. 2023 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
	=	(56.399	+	159.514)	/	1525.785
	=	0.14

Teekay Tankers (NYSE:TNK) 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 Tankers Debt-to-Equity Related Terms

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Teekay Tankers (Teekay Tankers) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Teekay Tankers Ltd (NYSE:TNK) » Definitions » Debt-to-Equity

Comparable Companies

DHT KNTK LPG GLP GLNG INSW GEL NVGS HESM NS TSX:ENB EPD ET WMB OKE MPLX TSX:TRP KMI LNG TRGP

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.