Teekay (TK) Interest Coverage Ratio (2009 - 2024)
Teekay's (TK) quarterly Interest Coverage Ratio came in at 88.14 in 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.
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Analysis
Teekay (TK) Interest Coverage Ratio (2009 - 2024) Analysis & Trends
Teekay (TK) has reported Interest Coverage Ratio for 16 consecutive years, with 88.14 the latest figure, recorded 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, down 115.91% from the prior year.
- Interest Coverage Ratio slipped to 88.14 in Q4 2024 per TK's latest filing, from 61.84 in the prior quarter.
- Across five years, Interest Coverage Ratio topped out at 5.52 in Q2 2021 and bottomed at 101.94 in Q2 2024.
- Historically, Interest Coverage Ratio has averaged 18.94 across 5 years, with a median of 5.86 in 2022.
- The sharpest annual moves came in 2021 and 2023: Interest Coverage Ratio surged 394.06% in 2021, then tumbled 1357.37% in 2023.
- Over 5 years, Interest Coverage Ratio stood at 2.25 in 2020, then dropped by 21.99% to 1.76 in 2021, then plunged by 963.14% to 15.18 in 2022, then slumped by 76.58% to 26.8 in 2023, then slumped by 228.86% to 88.14 in 2024.
- According to Business Quant data, Interest Coverage Ratio over the past three periods registered 88.14, 61.84, and 101.94 for Q4 2024, Q3 2024, and Q2 2024 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Frontline | 10.27 Bn | 9.94 Bn | - | -19.06 |
| 2 | Kirby | 7.43 Bn | 7.39 Bn | 290.80 Mn | 11.15 |
| 3 | Matson | 6.74 Bn | 6.62 Bn | - | 99.31 |
| 4 | International Seaways | 5.17 Bn | 5.17 Bn | 467.16 Mn | 28.53 |
| 5 | Hafnia | 4.59 Bn | 4.31 Bn | 372.91 Mn | -27.49 |
| 6 | Cmb.Tech | 4.47 Bn | 4.31 Bn | 970.62 Mn | -5.52 |
| 7 | Scorpio Tankers | 4.26 Bn | 2.42 Bn | 343.91 Mn | -11.03 |
| 8 | Star Bulk Carriers | 3.68 Bn | 3.11 Bn | 299.80 Mn | 12.46 |
| 9 | Torm | 3.56 Bn | -626.52 Mn | 652.00 Mn | -6.40 |
| 10 | Teekay | 1.17 Bn | 2.05 Bn | - | - |
Historic Data
Download Data
Historic 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 | 2.25 |
| Sep 30, 2020 | 0.55 |
| Jun 30, 2020 | -2.51 |
| Mar 31, 2020 | -2.06 |