Teekay (FRA:EI5) Interest Coverage: 242.76 (As of Jun. 2026) — 11628% Above Median

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FRA:EI5 Teekay Corp Ltd FRA:EI5
58 GF Score
Price €11.10
GF Value €4.91
! 4 Warning Signs
View Full Analysis

What is Teekay Interest Coverage?

Teekay FRA:EI5 +0.91% 58 Interest Coverage is 242.76 as of Jun. 2026, which is 11628% above its 10-year median of 2.07. GuruFocus rates FRA:EI5 with a GF Score™ of 58/100 and a GF Value™ of €4.91. The stock has 4 warning signs investors should review. Among 750 Oil & Gas companies, Teekay ranks better than 87.33% on this metric.

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 by its Interest Expense. Teekay's Operating Income for the three months ended in Jun. 2026 was €270.9 Mil. Teekay's Interest Expense for the three months ended in Jun. 2026 was €-1.1 Mil. Teekay's interest coverage for the quarter that ended in Jun. 2026 was 242.76. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Teekay Corp Ltd has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Teekay's Interest Coverage or its related term are showing as below:

FRA:EI5' s Interest Coverage Range Over the Past 10 Years
Min: 0.73   Med: 2.07   Max: 242.71
Current: 242.71


FRA:EI5's Interest Coverage is ranked better than
87.33% of 750 companies
in the Oil & Gas industry
Industry Median: 6.32 vs FRA:EI5: 242.71

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  (FRA:EI5) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .


Teekay Interest Coverage Related Terms


Teekay Interest Coverage Historical Data

* Premium members only.

The historical data trend for Teekay's Interest Coverage 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.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Teekay Interest Coverage Chart

Teekay Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 6.17 18.67 44.12 71.36

Teekay Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Jun25 Dec25 Jun26
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 68.55 54.96 N/A N/A 242.76

FRA:EI5 vs SBR, TEN, EE: Interest Coverage Comparison

For the Oil & Gas Midstream subindustry, Teekay's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Interest Coverage vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Teekay's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Teekay's Interest Coverage falls into.


FRA:EI5
58GF Score
Teekay Corp Ltd FRA:EI5
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Teekay Interest Coverage Calculation

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:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


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's Interest Coverage for the fiscal year that ended in Dec. 2025 is calculated as

Here, for the fiscal year that ended in Dec. 2025, Teekay's Interest Expense was €-2.5 Mil. Its Operating Income was €176.5 Mil. And its Long-Term Debt & Capital Lease Obligation was €21.6 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2025 )/Interest Expense (A: Dec. 2025 )
=-1*176.468/-2.473
=71.36

Teekay's Interest Coverage for the quarter that ended in Jun. 2026 is calculated as

Here, for the three months ended in Jun. 2026, Teekay's Interest Expense was €-1.1 Mil. Its Operating Income was €270.9 Mil. And its Long-Term Debt & Capital Lease Obligation was €18.2 Mil.

Interest Coverage=-1* Operating Income (Q: Jun. 2026 )/Interest Expense (Q: Jun. 2026 )
=-1*270.922/-1.116
=242.76

* 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.

The higher the ratio, the stronger the company's Financial Strength is.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 242.76 mean?
Teekay (FRA:EI5) has a Interest Coverage of 242.76 as of Jun. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Teekay and its competitors. This is 11628% above median its historical median of 2.07. Over the past decade, Teekay's Interest Coverage has ranged from 0.73 to 242.71. According to the industry distribution chart, Teekay ranks #95 out of 750 companies in the Oil & Gas industry, placing it in the top 12.7%.
Is Teekay's Interest Coverage too high?
Teekay's current Interest Coverage of 242.76 is 11628% above median its 10-year median of 2.07. Over the past 10 years, this metric has ranged from a low of 0.73 to a high of 242.71. The Oil & Gas industry median Interest Coverage is 6.32. Teekay's value of 242.76 is 3741.1% above this industry median. Based on the distribution chart, Teekay ranks #95 out of 750 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Teekay has a GF Score™ of 58/100, reflecting its overall financial health beyond just this single metric.
How does Teekay's Interest Coverage compare to SBR and TEN?
According to the Oil & Gas industry distribution chart, Teekay ranks #95 out of 750 companies for Interest Coverage. This places Teekay in the top 13% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 6.32. Teekay's value of 242.76 is 3741.1% above this benchmark. Historically, Teekay's own Interest Coverage has ranged from 0.73 to 242.71 over the past decade. While the company's 10-year median is 2.07 vs. the industry median of 6.32, Teekay has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for an Oil & Gas company?
The median Interest Coverage among Oil & Gas companies is 6.32, based on 750 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Teekay's current Interest Coverage of 242.76 is 3741.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Teekay and its competitors. For the Oil & Gas industry, the median Interest Coverage is 6.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Teekay's current Interest Coverage is 242.76, which is 11628% above median its own 10-year median of 2.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Teekay stock overvalued right now?
Teekay (FRA:EI5) has a current Interest Coverage of 242.76. The stock's GF Value™ is €4.91, compared to a current price of €11.10 — trading 126.1% above its estimated fair value. The current Interest Coverage is 242.76, which is 11628% above median its 10-year median of 2.07 and 3741.1% above the Oil & Gas industry median of 6.32. Teekay's overall GF Score™ is 58/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Teekay (FRA:EI5), the current Interest Coverage is 242.76 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Teekay (FRA:EI5) Overvalued in 2026?

Based on GuruFocus' analysis, Teekay stock appears to be overvalued. The current stock price of €11.10 is trading 126.1% above its estimated GF Value™ of €4.91.

Key valuation signals for FRA:EI5:

  • Interest Coverage: 242.76 (11628% above median its 10-year median of 2.07)
  • GF Value™: €4.91 vs. price of €11.10 (126.1% above fair value)
  • GF Score™: 58/100 with 4 warning signs
  • Industry Position: 3741.1% above the Oil & Gas median (#95 of 750)

No single metric tells the full story. See the FRA:EI5 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Teekay Business Description

Industry EnergyOil & Gas
Other Exchanges TK:USA
Address 26 Victoria Street, 2nd Floor, Swan Building, Hamilton, BMU, HM 12
Teekay Corp Ltd provides international crude oil marine transportation and other marine services. It also offers offshore oil production, storage, and offloading services, under long-term, fixed-rate contracts. The company has two primary lines of business: Marine services and 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.
58GF Score

Get the complete analysis for FRA:EI5

Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€11.10
Price
€4.91
GF Value