Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the debt to assets ratio high or low?
The debt to assets ratio of 1.38% is 92% below its 5-year average of 18.37%, near the low end of its 5-year range (1.38%–40.41%).
As of the fiscal period ended Tuesday, March 31, 2026. 37.11% below its 12-month average of 2.19%.
Reported quarterly debt to assets ratio; no daily interpolation.
DEBT TO ASSETS RATIO
1.38%
DEBT TO ASSETS RATIO AVG TTM
2.19%
DEBT TO ASSETS RATIO AVG 3Y
6.91%
DEBT TO ASSETS RATIO AVG 5Y
18.37%
DEBT TO ASSETS RATIO AVG 10Y
32.21%
DEBT TO ASSETS RATIO AVG 15Y
45.81%
DEBT TO ASSETS RATIO AVG 20Y
47.85%
CURRENT VS TTM AVG
-37.11%
CURRENT VS 3Y AVG
-80.04%
CURRENT VS 5Y AVG
-92.48%
CURRENT VS 10Y AVG
-95.71%
CURRENT VS 15Y AVG
-96.99%
CURRENT VS 20Y AVG
-97.12%
SECTOR MEDIAN · INDUSTRIALS
0.28%
median of 133 covered companies
CURRENT VS SECTOR MEDIAN
+393.00%
vs the sector median at left
Teekay Tankers Ltd.
Market Cap
$2.66B
Debt to Assets Ratio
1.38%
TTM Avg
2.19%
3Y Avg
6.91%
5Y Avg
18.37%
Market Cap
$2.45B
Debt to Assets Ratio
0.00%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$2.30B
Debt to Assets Ratio
0.26%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$3.03B
Debt to Assets Ratio
0.65%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$1.91B
Debt to Assets Ratio
0.28%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$1.45B
Debt to Assets Ratio
0.07%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Teekay Tankers Ltd. (TNK) | $2.66B | 1.38% | 2.19% | 6.91% | 18.37% |
| NuScale Power Corporation (SMR)vs › | $2.45B | 0.00% | N/A | N/A | N/A |
| Werner Enterprises, Inc. (WERN)vs › | $2.30B | 0.26% | N/A | N/A | N/A |
| Trinity Industries, Inc. (TRN)vs › | $3.03B | 0.65% | N/A | N/A | N/A |
| Enerpac Tool Group Corp. (EPAC)vs › | $1.91B | 0.28% | N/A | N/A | N/A |
| Preformed Line Products Company (PLPC)vs › | $1.45B | 0.07% | N/A | N/A | N/A |
| Upwork Inc. (UPWK)vs › | $1.21B | 0.29% | N/A | N/A | N/A |
| Kforce Inc. (KFRC)vs › | $1.04B | 0.23% | N/A | N/A | N/A |
| Ameresco, Inc. (AMRC)vs › | $1.04B | 0.43% | N/A | N/A | N/A |
| Primoris Services Corporation (PRIM)vs › | $4.28B | 0.29% | N/A | N/A | N/A |
Debt/Assets
1.4%
Debt/Equity
0.03
Current Ratio
7.98
Interest Coverage
74.2x
Formula: Debt/Assets = Total Debt / Total Assets × 100
Debt/Assets vs Debt/Equity:
Industry context matters: Capital-intensive industries (utilities, real estate) typically have higher Debt/Assets ratios than tech companies.
Debt/Assets ratio shows what percentage of a company's assets are financed by debt. Compare the current value with the historical chart and peer group to understand leverage over time.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | DEBT TO ASSETS RATIO |
|---|---|
| 2026-03-31 | 1.38% |
| 2025-12-31 | 2.46% |
| 2025-09-30 | 2.05% |
| 2025-06-30 | 2.41% |
| 2025-03-31 | 2.67% |
| 2024-12-31 | 3.16% |
| 2024-09-30 | 2.82% |
| 2024-06-30 | 3.39% |
| 2024-03-31 | 3.57% |
| 2023-12-31 | 11.57% |
| 2023-09-30 | 13.07% |
| 2023-06-30 | 16.80% |
| 2023-03-31 | 24.55% |
| 2022-12-31 | 32.30% |
| 2022-09-30 | 35.95% |
| 2022-06-30 | 38.96% |
| 2022-03-31 | 39.45% |
| 2021-12-31 | 40.41% |
| 2021-09-30 | 38.92% |
| 2021-06-30 | 36.13% |
| 2021-03-31 | 33.68% |
| 2020-12-31 | 33.53% |
| 2020-09-30 | 33.48% |
| 2020-06-30 | 35.61% |
| 2020-03-31 | 42.96% |
| 2019-12-31 | 46.65% |
| 2019-09-30 | 50.85% |
| 2019-06-30 | 48.95% |
| 2019-03-31 | 50.30% |
| 2018-12-31 | 51.40% |
| 2018-09-30 | 51.84% |
| 2018-06-30 | 50.41% |
| 2018-03-31 | 50.59% |
| 2017-12-31 | 50.12% |
| 2017-09-30 | 45.90% |
| 2017-06-30 | 45.57% |
| 2017-03-31 | 45.89% |
| 2016-12-31 | 48.28% |
| 2016-09-30 | 49.37% |
| 2016-06-30 | 50.60% |
| 2016-03-31 | 52.51% |
| 2015-12-31 | 53.68% |
| 2015-09-30 | 52.64% |
| 2015-06-30 | 51.34% |
| 2015-03-31 | 55.64% |
| 2014-12-31 | 56.30% |
| 2014-09-30 | 62.37% |
| 2014-06-30 | 62.34% |
| 2014-03-31 | 67.49% |
| 2013-12-31 | 67.85% |
| 2013-09-30 | 68.89% |
| 2013-06-30 | 66.88% |
| 2013-03-31 | 66.73% |
| 2012-12-31 | 66.54% |
| 2012-09-30 | 49.82% |
| 2012-06-30 | 49.34% |
| 2012-03-31 | 32.98% |
| 2011-12-31 | 39.56% |
| 2011-09-30 | 39.22% |
| 2011-06-30 | 38.12% |
| 2011-03-31 | 37.53% |
| 2010-12-31 | 48.48% |
| 2010-09-30 | 51.80% |
| 2010-06-30 | 45.04% |
| 2010-03-31 | 56.64% |
| 2009-12-31 | 56.53% |
| 2009-09-30 | 56.41% |
| 2009-06-30 | 55.23% |
| 2009-03-31 | 67.24% |
| 2008-12-31 | 67.00% |
| 2008-09-30 | 65.00% |
| 2008-06-30 | 65.36% |
| 2008-03-31 | 45.49% |
| 2007-12-31 | 48.05% |
