Teekay Tankers (LTS:0EAQ) Debt-to-Asset : 0.03 (As of Sep. 2024)

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What is Teekay Tankers Debt-to-Asset?

Teekay Tankers's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $28 Mil. Teekay Tankers's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $26 Mil. Teekay Tankers's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was $1,916 Mil. Teekay Tankers's debt to asset for the quarter that ended in Sep. 2024 was 0.03.

Teekay Tankers Debt-to-Asset Historical Data

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

Teekay Tankers Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.47

0.34

0.40

0.32

0.12

Teekay Tankers Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Asset	Get a 7-Day Free Trial															0.13	0.12	0.04	0.03	0.03

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

For the Oil & Gas Midstream subindustry, Teekay Tankers's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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-Asset Distribution in the Oil & Gas Industry

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

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

Teekay Tankers Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Teekay Tankers's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(56.399	+	159.514)	/	1873.494
	=	0.12

Teekay Tankers's Debt-to-Asset for the quarter that ended in Sep. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(27.646	+	26.354)	/	1916.254
	=	0.03

Teekay Tankers (LTS:0EAQ) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Teekay Tankers Debt-to-Asset Related Terms

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Teekay Tankers Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Teekay Tankers Ltd (LTS:0EAQ) » Definitions » Debt-to-Asset

Comparable Companies

DHT GEL GLP LPG INSW NVGS SBR TK NAT TEN TSX:ENB WMB EPD OKE ET KMI TSX:TRP MPLX LNG TRGP

Traded in Other Exchanges

TNK:USA S52: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.

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