Teekay Tankers Balance Sheet Health
Financial Health criteria checks 6/6
Teekay Tankers has a total shareholder equity of $1.7B and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $1.9B and $184.6M respectively. Teekay Tankers's EBIT is $413.9M making its interest coverage ratio -435.2. It has cash and short-term investments of $426.8M.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | -435.2x |
| Cash | US$426.84m |
| Equity | US$1.70b |
| Total liabilities | US$184.65m |
| Total assets | US$1.88b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: S52's short term assets ($689.0M) exceed its short term liabilities ($105.6M).
Long Term Liabilities: S52's short term assets ($689.0M) exceed its long term liabilities ($79.1M).
Debt to Equity History and Analysis
Debt Level: S52 is debt free.
Reducing Debt: S52 has no debt compared to 5 years ago when its debt to equity ratio was 64.3%.
Debt Coverage: S52 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: S52 has no debt, therefore coverage of interest payments is not a concern.