Teekay Tankers (TNK) Debt Ratio (2009 - 2023)
Teekay Tankers (TNK) posted quarterly Debt Ratio of 0.02 for Q2 2023, down 44.07% year-over-year from 0.03 in Q2 2022, and up 100.07% quarter-over-quarter from 22.59 in Q1 2023.
Teekay Tankers (TNK) Debt Ratio (2009 - 2023) Analysis & Trends
Teekay Tankers (TNK) has reported Debt Ratio for 15 consecutive years, with 0.02 the latest figure, recorded in Q2 2023.
- In Q2 2023, Debt Ratio fell 44.07% year-over-year to 0.02; the TTM figure through Jun 2023 stood at 0.02 (down 44.07% YoY), while the FY2022 annual figure was 33.54, down 15821.65% from the prior year.
- Debt Ratio improved to 0.02 in Q2 2023 per TNK's latest filing, from 22.59 in the prior quarter.
- Across five years, Debt Ratio topped out at 0.31 in Q1 2019 and bottomed at 33.54 in Q4 2022.
- Historically, Debt Ratio has averaged 2.96 across 5 years, with a median of 0.16 in 2021.
- Annual changes were most pronounced in 2021 — Debt Ratio surged 103.45% — and 2023, when it sank 29578.45%.
- Teekay Tankers' Debt Ratio stood at 0.27 in 2019, then plunged by 49.56% to 0.14 in 2020, then surged by 54.65% to 0.21 in 2021, then plunged by 15821.65% to 33.54 in 2022, then soared by 100.05% to 0.02 in 2023.
- Business Quant data shows TNK's Debt Ratio at 0.02 in Q2 2023, 22.59 in Q1 2023, and 33.54 in Q4 2022.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 0.44 |
| 2 | Enbridge | 110.90 Bn | 109.41 Bn | 5.23 Bn | 0.48 |
| 3 | Enterprise Products Partners | 83.55 Bn | 82.64 Bn | - | 0.41 |
| 4 | Energy Transfer | 72.76 Bn | 71.73 Bn | 7.40 Bn | 0.46 |
| 5 | Tc Energy | 65.92 Bn | 58.36 Bn | 1.24 Bn | - |
| 6 | Oneok | 60.17 Bn | 60.01 Bn | 2.81 Bn | 0.48 |
| 7 | Mplx | 60.12 Bn | 59.09 Bn | 2.73 Bn | 0.60 |
| 8 | Targa Resources | 59.64 Bn | 59.50 Bn | 2.14 Bn | 0.69 |
| 9 | Cheniere Energy | 56.21 Bn | 54.95 Bn | 5.29 Bn | 0.50 |
| 10 | Teekay Tankers | 3.09 Bn | 1.78 Bn | 312.20 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2023 | 0.02 |
| Mar 31, 2023 | -22.59 |
| Dec 31, 2022 | -33.54 |
| Sep 30, 2022 | 0.31 |
| Jun 30, 2022 | 0.03 |
| Mar 31, 2022 | 0.08 |
| Dec 31, 2021 | 0.21 |
| Sep 30, 2021 | 0.23 |
| Jun 30, 2021 | 0.18 |
| Mar 31, 2021 | 0.13 |
| Dec 31, 2020 | 0.14 |
| Sep 30, 2020 | 0.11 |
| Jun 30, 2020 | 0.15 |
| Mar 31, 2020 | 0.21 |
| Dec 31, 2019 | 0.27 |
| Sep 30, 2019 | 0.28 |
| Jun 30, 2019 | 0.28 |
| Mar 31, 2019 | 0.31 |
| Dec 31, 2018 | 0.39 |
| Sep 30, 2018 | 0.38 |