Teekay LNG Partners LP (Teekay LNG Partners LP) Debt-to-Equity : 1.06 (As of Dec. 2023)

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

Teekay LNG Partners LP's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $297.9 Mil. Teekay LNG Partners LP's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2,442.0 Mil. Teekay LNG Partners LP's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $2,584.9 Mil. Teekay LNG Partners LP's debt to equity for the quarter that ended in Dec. 2023 was 1.06.

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 LNG Partners LP's Debt-to-Equity or its related term are showing as below:

TGP' s Debt-to-Equity Range Over the Past 10 Years
Min: -11.29 Med: 1.77 Max: 56.1
Current: 1.45

During the past 13 years, the highest Debt-to-Equity Ratio of Teekay LNG Partners LP was 56.10. The lowest was -11.29. And the median was 1.77.

TGP's Debt-to-Equity is not ranked
in the Oil & Gas industry.
Industry Median: 0.445 vs TGP: 1.45

Teekay LNG Partners LP Debt-to-Equity Historical Data

The historical data trend for Teekay LNG 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 LNG Partners LP Debt-to-Equity Chart

Teekay LNG Partners LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.80

1.67

1.43

1.37

1.06

Teekay LNG Partners LP 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															1.37	1.23	1.12	1.05	1.06

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

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

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

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

Teekay LNG Partners LP Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Teekay LNG Partners LP'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
	=	(297.931	+	2441.988)	/	2584.868
	=	1.06

Teekay LNG Partners LP'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
	=	(297.931	+	2441.988)	/	2584.868
	=	1.06

Teekay LNG Partners LP (NYSE:TGP) 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 LNG Partners LP Debt-to-Equity Related Terms

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Teekay LNG Partners LP (Teekay LNG Partners LP) Business Description

Industry

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

Comparable Companies

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SEALpB.PFD:USA SEALpA.PFD:USA

Address

550 Burrard Street, Suite 2000, Bentall 5, Vancouver, BC, CAN, V6C 2K2

Website

https://www.seapeak.com

Seapeak LLC is a provider of marine transportation services for liquefied natural gas, liquefied petroleum gas and crude oil. The company operates into two segments namely: the LNG segment and the NGL segment. The Company has renamed its LPG segment as the NGL segment. LNG segment consists of LNG carriers which generally operate under long-term, fixed-rate charters to international energy companies. NGL segment consists of LPG, Ethane and multi-gas carriers which generally operate under voyage charters or time charters. It derives maximum revenue from the LNG segment. The majority of these services are provided through either a time charter, voyage charter, and bareboat charter contract.