Teekay (TK) Interest Coverage Ratio (2009 - 2024)
Teekay (TK) reported Interest Coverage Ratio of 88.14 for Q4 2024, down 228.86% on a YoY basis from 68.4 in Q1 2024, and down 42.53% quarter-over-quarter from 61.84 in Q3 2024.
Teekay (TK) Interest Coverage Ratio (2009 - 2024) Analysis & Trends
Teekay has reported Interest Coverage Ratio for 16 years, with the latest figure at 88.14 in Q4 2024.
- For the quarter ending Q4 2024, Interest Coverage Ratio fell 228.86% year-over-year to 88.14; the trailing twelve-month figure through Dec 2024 stood at 48.43 (down 155.1% YoY), and the FY2025 full-year result was 104.56, up 115.91% from the prior year.
- Interest Coverage Ratio for Q4 2024 stood at 88.14, down from 61.84 in the prior quarter.
- The five-year high for Interest Coverage Ratio was 5.52 in Q2 2021, with the low at 101.94 in Q2 2024.
- Historically, Interest Coverage Ratio has averaged 19.12 across 5 years, with a median of 5.86 in 2022.
- Annual changes were most pronounced in 2021 — Interest Coverage Ratio surged 1359.45% — and 2023, when it slumped 1357.37%.
- Teekay's Interest Coverage Ratio stood at 0.51 in 2020, then surged by 445.66% to 1.76 in 2021, then slumped by 963.14% to 15.18 in 2022, then plunged by 76.58% to 26.8 in 2023, then plunged by 228.86% to 88.14 in 2024.
- The last three Interest Coverage Ratio figures came in at 88.14 (Q4 2024), 61.84 (Q3 2024), and 101.94 (Q2 2024), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.33 Bn | 89.03 Bn | 6.70 Bn | 2.64 |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | 4.92 |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | - |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 3.15 |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | -17.95 |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 4.17 |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | - |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 3.25 |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | 3.25 |
| 10 | Teekay | 1.02 Bn | 1.48 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2024 | -88.14 |
| Sep 30, 2024 | -61.84 |
| Jun 30, 2024 | -101.94 |
| Mar 31, 2024 | -28.69 |
| Dec 31, 2023 | -26.80 |
| Sep 30, 2023 | -12.58 |
| Jun 30, 2023 | -26.47 |
| Mar 31, 2023 | -15.81 |
| Dec 31, 2022 | -15.18 |
| Sep 30, 2022 | -8.87 |
| Jun 30, 2022 | -2.85 |
| Mar 31, 2022 | 1.26 |
| Dec 31, 2021 | 1.76 |
| Sep 30, 2021 | 2.70 |
| Jun 30, 2021 | 5.52 |
| Mar 31, 2021 | 0.82 |
| Dec 31, 2020 | -0.51 |
| Sep 30, 2020 | -0.21 |
| Jun 30, 2020 | -2.51 |
| Mar 31, 2020 | -2.06 |