Teekay Tankers (TNK) Debt Ratio (2009 - 2026)
Teekay Tankers' Debt Ratio was 0.01 in Q2 2026, down 23.5% from 0.01 a year earlier and down 21.3% from the prior quarter.
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Analysis
Teekay Tankers (TNK) Debt Ratio (2009 - 2026) Analysis & Trends
From Q1 2009 onward, Teekay Tankers has reported Debt Ratio for 70 quarters.
- Debt Ratio has now declined for four consecutive years.
- In earlier years, Debt Ratio was 0.01 in FY2024 (-31.8%), 0.02 in FY2023 (-90.9%), 0.20 in FY2022 (-4.9%) and 0.21 in FY2021 (+55.2%).
- The Q2 2026 figure marks the lowest quarterly Debt Ratio since Q4 2009.
- Compared with a year earlier, Debt Ratio has declined for 13 straight quarters, with an average decline of 34.7% over the last eight quarters.
- The best year-over-year quarter for Debt Ratio over five years was Q3 2021 (growth of 96.0%); the worst was Q3 2023 (a decline of 92.9%).
- Per Business Quant data, TNK's Debt Ratio in the three quarters before Q2 2026 was 0.01 (Q1 2026), 0.01 (Q4 2025) and 0.01 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 162.83 Bn | 157.35 Bn | - | 0.43 |
| 2 | Csx | 86.94 Bn | 83.15 Bn | - | 0.42 |
| 3 | Canadian Pacific Kansas City | 76.07 Bn | 75.78 Bn | - | 0.28 |
| 4 | United Parcel Service | 70.39 Bn | 47.31 Bn | - | 0.34 |
| 5 | Norfolk Southern | 70.35 Bn | 64.99 Bn | - | 0.37 |
| 6 | Fedex | 68.01 Bn | 33.95 Bn | - | 0.26 |
| 7 | Delta Air Lines | 55.83 Bn | 38.01 Bn | - | 0.17 |
| 8 | Old Dominion Freight Line | 36.82 Bn | 36.08 Bn | - | 0.00 |
| 9 | Ryanair Holdings | 28.96 Bn | 12.97 Bn | 3.13 Bn | 0.00 |
| 10 | Teekay Tankers | 3.34 Bn | 3.34 Bn | 302.17 Mn | 0.01 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.01 |
| Mar 31, 2026 | 0.01 |
| Dec 31, 2025 | 0.01 |
| Sep 30, 2025 | 0.01 |
| Jun 30, 2025 | 0.01 |
| Mar 31, 2025 | 0.01 |
| Dec 31, 2024 | 0.01 |
| Sep 30, 2024 | 0.01 |
| Jun 30, 2024 | 0.02 |
| Mar 31, 2024 | 0.02 |
| Dec 31, 2023 | 0.02 |
| Sep 30, 2023 | 0.02 |
| Jun 30, 2023 | 0.04 |
| Mar 31, 2023 | 0.12 |
| Dec 31, 2022 | 0.20 |
| Sep 30, 2022 | 0.31 |
| Jun 30, 2022 | 0.04 |
| Mar 31, 2022 | 0.09 |
| Dec 31, 2021 | 0.21 |
| Sep 30, 2021 | 0.24 |
API Access
Teekay Tankers Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=TNK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "TNK", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=TNK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();