Teekay (Teekay) Debt-to-EBITDA : 0.39 (As of Dec. 2023)

View and export this data going back to 1995. Start your Free Trial

What is Teekay Debt-to-EBITDA?

Debt-to-EBITDA measures a company's ability to pay off its debt.

Teekay's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $59 Mil. Teekay's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $168 Mil. Teekay's annualized EBITDA for the quarter that ended in Dec. 2023 was $586 Mil. Teekay's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 0.39.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

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

TK' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -117.53 Med: 5.74 Max: 19.49
Current: 0.35

During the past 13 years, the highest Debt-to-EBITDA Ratio of Teekay was 19.49. The lowest was -117.53. And the median was 5.74.

TK's Debt-to-EBITDA is ranked better than
83.54% of 717 companies
in the Oil & Gas industry
Industry Median: 1.74 vs TK: 0.35

Teekay Debt-to-EBITDA Historical Data

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

Teekay Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

Get a 7-Day Free Trial

-117.53

4.95

-9.41

1.75

0.35

Teekay Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial															0.85	0.56	0.41	0.54	0.39

Competitive Comparison of Teekay's Debt-to-EBITDA

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

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

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

Teekay Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

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

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(58.926	+	168.278)	/	655.145
	=	0.35

Teekay's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(58.926	+	168.278)	/	585.592
	=	0.39

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Dec. 2023) EBITDA data.

Teekay (NYSE:TK) Debt-to-EBITDA Explanation

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

Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

Teekay Debt-to-EBITDA Related Terms

Thank you for viewing the detailed overview of Teekay's Debt-to-EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.

Teekay (Teekay) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Teekay Corp (NYSE:TK) » Definitions » Debt-to-EBITDA

Comparable Companies

TNP NGL PBT OSG EE SMLP BROG NVGS DLNG MMLP TSX:ENB EPD ET WMB OKE MPLX TSX:TRP KMI LNG TRGP

Traded in Other Exchanges

TK:Mexico TCD:Germany TCD:Germany

Address

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

Website

https://www.teekay.com

Teekay Corp is engaged in providing crude oil and gas marine transportation services. It also offers offshore oil production, storage, and offloading services, primarily under long-term, fixed-rate contracts. The company has three primary lines of business: offshore production (FPSO units), operational and maintenance marine services, and conventional tankers. It manages these businesses for the benefit of all stakeholders. The company serves energy and utility companies, oil traders, large oil and LNG consumers, petroleum product producers, government agencies, and various other entities that depend upon marine transportation.