Teekay Tankers Ltd. (TNK) Debt to Equity Ratio: 0.03
Is Teekay Tankers Ltd.’s debt to equity ratio high or low?
Teekay Tankers Ltd.'s debt to equity ratio of 0.03 is 91% below its 5-year average of 0.35, near the low end of its 5-year range (0.03–0.78).
As of Saturday, June 13, 2026. 14.29% below its 12-month average of 0.04.
TNK Debt to Equity Ratio Chart
TNK Average Debt to Equity Ratio Chart
TNK Current vs Average Debt to Equity Ratio Chart
TNK Debt to Equity Ratio Metrics
DEBT TO EQUITY RATIO
0.03
DEBT TO EQUITY RATIO AVG TTM
0.04
DEBT TO EQUITY RATIO AVG 3Y
0.19
DEBT TO EQUITY RATIO AVG 5Y
0.35
DEBT TO EQUITY RATIO AVG 10Y
0.70
DEBT TO EQUITY RATIO AVG 15Y
1.05
DEBT TO EQUITY RATIO AVG 20Y
1.31
CURRENT VS TTM AVG
-14.29%
CURRENT VS 3Y AVG
-84.00%
CURRENT VS 5Y AVG
-91.43%
CURRENT VS 10Y AVG
-95.74%
CURRENT VS 15Y AVG
-97.15%
CURRENT VS 20Y AVG
-97.71%
TNK Competitors' Debt to Equity Ratio
| NAME | MARKET CAP | DEBT TO EQUITY RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Teekay Tankers Ltd. (TNK) | $2.61B | 0.03 | 0.04 | 0.19 | 0.35 |
| Werner Enterprises, Inc. (WERN) | $2.64B | 0.55 | 0.52 | 0.50 | 0.42 |
| Trinity Industries, Inc. (TRN) | $2.76B | 5.05 | 5.27 | 5.46 | 4.98 |
| Enerpac Tool Group Corp. (EPAC) | $1.85B | 0.53 | 0.55 | 0.67 | 0.68 |
| Ameresco, Inc. (AMRC) | $1.49B | 1.80 | 1.74 | 1.58 | 1.47 |
| T1 Energy Inc (TE) | $1.48B | 1.02 | 2.01 | 1.01 | 0.93 |
| Kforce Inc. (KFRC) | $891.60M | 0.56 | 0.44 | 0.37 | 0.47 |
| Ampco-Pittsburgh Corporation (AP) | $240.46M | 4.24 | 3.25 | 2.43 | 1.82 |
| Primoris Services Corporation (PRIM) | $5.35B | 0.76 | 0.80 | 0.97 | 0.91 |
| Matson, Inc. (MATX) | $6.11B | 0.26 | 0.27 | 0.31 | 0.49 |
Financial Health
Debt/Equity
0.03
Current Ratio
7.98
Teekay Tankers Ltd. Debt to Equity Ratio Formula & Definition
Debt to Equity measures financial leverage by comparing total debt to shareholders' equity.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Teekay Tankers Ltd. Debt to Equity Ratio FAQ
- What is the debt to equity ratio for Teekay Tankers Ltd. (TNK)?
- The debt to equity ratio for TNK stock is 0.03.
- Is Teekay Tankers Ltd.'s debt to equity ratio high or low?
- Teekay Tankers Ltd.'s debt to equity ratio of 0.03 is 91% below its 5-year average of 0.35, near the low end of its 5-year range (0.03–0.78).
- What is the TTM average debt to equity ratio for Teekay Tankers Ltd. (TNK)?
- The TTM average debt to equity ratio for TNK stock is 0.04.
- What is the 3Y average debt to equity ratio for Teekay Tankers Ltd. (TNK)?
- The 3Y average debt to equity ratio for TNK stock is 0.19.
- What is the 5Y average debt to equity ratio for Teekay Tankers Ltd. (TNK)?
- The 5Y average debt to equity ratio for TNK stock is 0.35.
- What is the 10Y average debt to equity ratio for Teekay Tankers Ltd. (TNK)?
- The 10Y average debt to equity ratio for TNK stock is 0.70.
- What is the 15Y average debt to equity ratio for Teekay Tankers Ltd. (TNK)?
- The 15Y average debt to equity ratio for TNK stock is 1.05.
- What is the 20Y average debt to equity ratio for Teekay Tankers Ltd. (TNK)?
- The 20Y average debt to equity ratio for TNK stock is 1.31.
Teekay Tankers Ltd. Debt to Equity Ratio History
| DATE | DEBT TO EQUITY RATIO |
|---|---|
| 2025-12-31 | 0.03 |
| 2024-12-31 | 0.04 |
| 2023-12-31 | 0.14 |
| 2022-12-31 | 0.54 |
| 2021-12-31 | 0.78 |
| 2020-12-31 | 0.57 |
| 2019-12-31 | 1.05 |
| 2018-12-31 | 1.17 |
| 2017-12-31 | 1.09 |
| 2016-12-31 | 1.01 |
| 2015-12-31 | 1.33 |
| 2014-12-31 | 1.44 |
| 2013-12-31 | 2.62 |
| 2012-12-31 | 2.43 |
| 2011-12-31 | 1.57 |
| 2010-12-31 | 1.04 |
| 2009-12-31 | 1.50 |
| 2008-12-31 | 2.69 |
| 2007-12-31 | 1.00 |
| 2006-12-31 | 0.18 |
| 2005-12-31 | 5.31 |
Related Metrics
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