Teekay Tankers (TNK) Debt Ratio (2009 - 2023)

Teekay Tankers (TNK) has reported Debt Ratio for 15 consecutive years, with 0.02 the latest figure, recorded in Q2 2023.

• On a quarterly basis, Debt Ratio fell 44.07% year-over-year to 0.02 in Q2 2023; TTM through Jun 2023 was 0.02, a 44.07% decrease from a year earlier, with the FY2022 full-year figure at 0.19, down 2.17% from the prior year.
• Debt Ratio was 0.02 for Q2 2023 at Teekay Tankers, down from 0.1 in the prior quarter.
• Over five years, Debt Ratio peaked at 0.31 in Q1 2019 and troughed at 0.02 in Q2 2023.
• A 5-year average of 0.18 and a median of 0.19 in 2021 frame the typical range for Debt Ratio.
• Across the five-year window, Debt Ratio jumped 103.08% in 2021 and tumbled 83.93% in 2022, its largest moves.
• Over 5 years, Debt Ratio stood at 0.25 in 2019, then plunged by 47.29% to 0.13 in 2020, then soared by 49.56% to 0.2 in 2021, then fell by 2.17% to 0.19 in 2022, then slumped by 91.74% to 0.02 in 2023.
• The last three Debt Ratio figures came in at 0.02 (Q2 2023), 0.1 (Q1 2023), and 0.19 (Q4 2022), per Business Quant data.