Teekay Tankers Balance Sheet Health
Financial Health criteria checks 6/6
Teekay Tankers has a total shareholder equity of $1.5B 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 $347.7M respectively. Teekay Tankers's EBIT is $526.8M making its interest coverage ratio 30.9. It has cash and short-term investments of $365.3M.
Key information
0%
Debt to equity ratio
US$0
Debt
Interest coverage ratio | 30.9x |
Cash | US$365.25m |
Equity | US$1.53b |
Total liabilities | US$347.71m |
Total assets | US$1.87b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0EAQ's short term assets ($613.5M) exceed its short term liabilities ($139.3M).
Long Term Liabilities: 0EAQ's short term assets ($613.5M) exceed its long term liabilities ($208.4M).
Debt to Equity History and Analysis
Debt Level: 0EAQ is debt free.
Reducing Debt: 0EAQ has no debt compared to 5 years ago when its debt to equity ratio was 77.7%.
Debt Coverage: 0EAQ has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 0EAQ has no debt, therefore coverage of interest payments is not a concern.