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 $1.8B and $180.3M respectively. Teekay Tankers's EBIT is $471.3M making its interest coverage ratio 63.8. It has cash and short-term investments of $369.7M.
Key information
0%
Debt to equity ratio
US$0
Debt
Interest coverage ratio | 63.8x |
Cash | US$369.74m |
Equity | US$1.67b |
Total liabilities | US$180.29m |
Total assets | US$1.85b |
Recent financial health updates
Does Teekay Tankers (NYSE:TNK) Have A Healthy Balance Sheet?
Jul 26Is Teekay Tankers (NYSE:TNK) A Risky Investment?
Apr 08Is Teekay Tankers (NYSE:TNK) Using Debt Sensibly?
Nov 19Is Teekay Tankers (NYSE:TNK) Using Too Much Debt?
Jun 28Recent updates
Why The 27% Return On Capital At Teekay Tankers (NYSE:TNK) Should Have Your Attention
Jun 18Teekay Tankers: Big Cash Flow, A Strong Balance Sheet, And A Powerful Uptrend
Jun 13Teekay Tankers Ltd.'s (NYSE:TNK) Low P/E No Reason For Excitement
Apr 29Teekay Tankers: Low Tanker Fleet Growth Points To Years Of High Profits
Apr 01Teekay Tankers: Bulletproof Balance Sheet And 11% Loan To Value At A Reasonable Price
Feb 28Investors Shouldn't Overlook Teekay Tankers' (NYSE:TNK) Impressive Returns On Capital
Feb 23Party Time: Brokers Just Made Major Increases To Their Teekay Tankers Ltd. (NYSE:TNK) Earnings Forecasts
Feb 01Teekay Tankers: A Strong Buy In The Mid-Sized Tankers Market
Jan 04Some Shareholders Feeling Restless Over Teekay Tankers Ltd.'s (NYSE:TNK) P/S Ratio
Dec 21Teekay Tankers Q3 2023: Sailing Away On Strong Earnings And Favorable Market Dynamics
Nov 04Teekay Tankers: Still-High Tanker Rates, Debt Repayments, Bullish Price Consolidation
Oct 15Shareholders Would Enjoy A Repeat Of Teekay Tankers' (NYSE:TNK) Recent Growth In Returns
Sep 27Teekay Tankers: A 'Hold' Amidst Rising Tides
Aug 04Teekay Tankers (NYSE:TNK) Could Become A Multi-Bagger
Jun 28Teekay Tankers: Downgrade To Hold On Deteriorating Economic Growth
Jun 25Calculating The Intrinsic Value Of Teekay Tankers Ltd. (NYSE:TNK)
Jun 06Teekay Tankers: A Cautionary Tale Amid Industry Hype
May 30Teekay Tankers (NYSE:TNK) Is Looking To Continue Growing Its Returns On Capital
Feb 24Teekay Tankers Non-GAAP EPS of $4.33 beats by $0.91, revenue of $367.32M beats by $155.78M
Feb 23Teekay Tankers: Looking For A Positive Outlook In 2023
Dec 12Forecast: Analysts Think Teekay Tankers Ltd.'s (NYSE:TNK) Business Prospects Have Improved Drastically
Nov 24Teekay Tankers' (NYSE:TNK) Returns On Capital Are Heading Higher
Nov 05Teekay Tankers Non-GAAP EPS of $1.70 beats by $0.09, revenue of $279.39M beats by $121.9M
Nov 03Teekay Tankers: A Bet On Crude Oil Trade Disruption
Oct 11Teekay Tankers Q2 2022 Earnings Preview
Aug 03Teekay Tankers: Stands To Benefit From Rising Tanker Rates
Jul 26Does Teekay Tankers (NYSE:TNK) Have A Healthy Balance Sheet?
Jul 26Teekay Tankers: A More Positive Outlook For 2022
Jul 05Teekay Tankers: Crude Tanker Spot Rates Are Improving
Apr 20Is Teekay Tankers (NYSE:TNK) A Risky Investment?
Apr 08Teekay Tankers: Recurring Losses Is Not An Encouraging Sign
Nov 25Is Teekay Tankers (NYSE:TNK) Using Debt Sensibly?
Nov 19Teekay Tankers: Weak Spot Tankers Rate
Aug 28Is Teekay Tankers (NYSE:TNK) Using Too Much Debt?
Jun 28Teekay Tankers Ltd.: Spot Tanker Rates Are The Root Of The Problem
May 30Analysts Just Slashed Their Teekay Tankers Ltd. (NYSE:TNK) EPS Numbers
May 16Financial Position Analysis
Short Term Liabilities: TNK's short term assets ($652.2M) exceed its short term liabilities ($99.2M).
Long Term Liabilities: TNK's short term assets ($652.2M) exceed its long term liabilities ($81.1M).
Debt to Equity History and Analysis
Debt Level: TNK is debt free.
Reducing Debt: TNK has no debt compared to 5 years ago when its debt to equity ratio was 74.6%.
Debt Coverage: TNK has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: TNK has no debt, therefore coverage of interest payments is not a concern.