Teekay Tankers Ltd.
TNK
Price:
$41.73
Market Cap:
$1.43B
Teekay Tankers Ltd. provides marine transportation services to oil industries in Bermuda and internationally. The company offers voyage and time charter services; and offshore ship-to-ship transfer services of commodities primarily crude oil and refined oil products, as well as liquid gases and various other products. It also provides tanker commercial and technical management services. As of December 31, 2021, the company owned and leased 48 double-hull oil tankers, time-chartered in two Aframax tankers, and one LR2 tanker. Teekay Tankers Ltd. was incorporated in 2007 and is headquartered in Hamilton, Canada.[Read more]
Industry
Oil & Gas Midstream
IPO Date
2007-12-13
Stock Exchange
NYSE
Ticker
TNK
PE Ratio
[3.43]
ROE
[25.47%]
Current Ratio
[6.80]
Dividend Yield
[7.19%]
Enterprise Value
[1.02B]
Dividend History
The Current Ratio as of November 2024 (TTM) for Teekay Tankers Ltd. (TNK) is 6.80
According to Teekay Tankers Ltd.’s latest financial reports and current stock price. The company's current Current Ratio is 6.80. This represents a change of 11.87% compared to the average of 6.08 of the last 4 quarters.
Teekay Tankers Ltd. (TNK) Historical Current Ratio (quarterly & annually)
How has TNK Current Ratio performed in the past?
The mean historical Current Ratio of Teekay Tankers Ltd. over the last ten years is 1.84. The current 6.80 Current Ratio has changed 36.88% with respect to the historical average. Over the past ten years (40 quarters), TNK's Current Ratio was at its highest in in the September 2024 quarter at 6.80. The Current Ratio was at its lowest in in the September 2015 quarter at 0.40.
Average
1.84
Median
1.37
Minimum
0.75
Maximum
4.40
Teekay Tankers Ltd. (TNK) Current Ratio by Quarter and Year
Discovering the peaks and valleys of Teekay Tankers Ltd. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.
Maximum Annual Increase = 72.85%
Maximum Annual Current Ratio = 4.40
Minimum Annual Increase = -68.52%
Minimum Annual Current Ratio = 0.75
| Year | Current Ratio | Change |
|---|---|---|
| 2023 | 4.40 | 63.12% |
| 2022 | 2.70 | 72.85% |
| 2021 | 1.56 | 25.48% |
| 2020 | 1.24 | -16.50% |
| 2019 | 1.49 | 30.70% |
| 2018 | 1.14 | 52.83% |
| 2017 | 0.75 | -17.93% |
| 2016 | 0.91 | -9.19% |
| 2015 | 1.00 | -68.52% |
| 2014 | 3.18 | 3.83% |
Teekay Tankers Ltd. (TNK) Average Current Ratio
How has TNK Current Ratio performed in the past?
The current Current Ratio of Teekay Tankers Ltd. (TNK) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages
3-year avg
2.89
5-year avg
2.28
10-year avg
1.84
Teekay Tankers Ltd. (TNK) Current Ratio vs. Peers
How is TNK’s Current Ratio compared to its peers?
Teekay Tankers Ltd.’s Current Ratio is greater than Scorpio Tankers Inc. (2.21), greater than DHT Holdings, Inc. (2.41), greater than Euronav NV (1.46), greater than Tsakos Energy Navigation Limited (0), less than Teekay Corporation (8.45),
| Company | Current Ratio | Market cap |
|---|---|---|
| 2.21 | $2.80B | |
| 2.41 | $1.65B | |
| 1.46 | $3.25B | |
| 0 | $863.92M | |
| 8.45 | $728.26M |
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