Teekay Tankers Ltd. (TNK) Interest Coverage Ratio: 74.24x
The interest coverage ratio for Teekay Tankers Ltd. (TNK) is 74.24x as of Saturday, June 13, 2026.
TNK Interest Coverage Ratio Metrics
INTEREST COVERAGE RATIO
74.24x
TNK Competitors' Interest Coverage Ratio
| NAME | MARKET CAP | INTEREST COVERAGE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Teekay Tankers Ltd. (TNK) | $2.61B | 74.24x | N/A | N/A | N/A |
| Werner Enterprises, Inc. (WERN) | $2.64B | 1.79x | 1.74x | 9.01x | 26.65x |
| Trinity Industries, Inc. (TRN) | $2.76B | 1.31x | 1.56x | 1.57x | 1.52x |
| Enerpac Tool Group Corp. (EPAC) | $1.85B | 14.06x | 11.53x | 9.22x | 7.98x |
| Ameresco, Inc. (AMRC) | $1.49B | 1.46x | 1.49x | 2.28x | 3.10x |
| T1 Energy Inc (TE) | $1.48B | -4.85x | 2.99x | 2.94x | 2.92x |
| Kforce Inc. (KFRC) | $891.60M | N/A | 8.10x | 20.27x | 20.27x |
| Ampco-Pittsburgh Corporation (AP) | $240.46M | 0.53x | 0.79x | 0.70x | 0.92x |
| Primoris Services Corporation (PRIM) | $5.35B | 14.42x | 9.64x | 6.88x | 8.05x |
| Matson, Inc. (MATX) | $6.11B | 27.49x | 50.56x | 49.91x | 43.16x |
Financial Health Indicators
Interest Coverage
74.2x
Debt/Equity
0.03
Current Ratio
7.98
Formula: Interest Coverage = EBIT / Interest Expense
Reference ranges:
- < 1.5x: EBIT is less than 1.5 times interest expense
- 1.5x - 3x: EBIT is between 1.5 and 3 times interest expense
- 3x - 5x: EBIT is between 3 and 5 times interest expense
- > 5x: EBIT is more than 5 times interest expense
Note: Interest coverage should be compared with historical interest expense, operating income, and industry capital structure.
Teekay Tankers Ltd. Interest Coverage Ratio Formula & Definition
Interest Coverage = EBIT / Interest Expense
The interest coverage ratio measures operating earnings relative to interest expense.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Teekay Tankers Ltd. Interest Coverage Ratio FAQ
- What is the interest coverage ratio for Teekay Tankers Ltd. (TNK)?
- The interest coverage ratio for TNK stock is 74.24x.
About Teekay Tankers Ltd.
Teekay Tankers Ltd. specializes in providing essential marine transportation solutions to the global oil industry, with its operations spanning Bermuda and international waters. The company's service offerings encompass both voyage and time charter arrangements, alongside specialized offshore ship-to-ship transfer operations for a diverse range of commodities. These primarily include crude oil and refined petroleum products, but also extend to liquid gases and various other specialized cargo. Beyond shipping, Teekay Tankers Ltd. further extends its expertise to include comprehensive commercial and technical management services for tankers. As of December 31, 2021, the company operated a substantial fleet, comprising 48 owned and leased double-hull oil tankers. This is supplemented by two Aframax tankers and a single LR2 tanker, all acquired via time charter agreements. Established in 2007, Teekay Tankers Ltd. maintains its corporate headquarters in Hamilton, Canada.
- Sector
- Industrials
- Industry
- Marine Shipping
- CEO
- Kenneth Hvid