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Teekay (Teekay) Equity-to-Asset : 0.33 (As of Dec. 2023)


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What is Teekay Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Teekay's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $732 Mil. Teekay's Total Assets for the quarter that ended in Dec. 2023 was $2,197 Mil. Therefore, Teekay's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.33.

The historical rank and industry rank for Teekay's Equity-to-Asset or its related term are showing as below:

TK' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.06   Med: 0.09   Max: 0.33
Current: 0.33

During the past 13 years, the highest Equity to Asset Ratio of Teekay was 0.33. The lowest was 0.06. And the median was 0.09.

TK's Equity-to-Asset is ranked worse than
71.59% of 1091 companies
in the Oil & Gas industry
Industry Median: 0.51 vs TK: 0.33

Teekay Equity-to-Asset Historical Data

The historical data trend for Teekay's Equity-to-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Teekay Equity-to-Asset Chart

Teekay Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.06 0.07 0.08 0.29 0.33

Teekay Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.29 0.30 0.32 0.33 0.33

Competitive Comparison of Teekay's Equity-to-Asset

For the Oil & Gas Midstream subindustry, Teekay's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Teekay's Equity-to-Asset Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Teekay's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Teekay's Equity-to-Asset falls into.



Teekay Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

Teekay's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )=Total Stockholders Equity/Total Assets
=732.278/2196.638
=0.33

Teekay's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )=Total Stockholders Equity/Total Assets
=732.278/2196.638
=0.33

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Teekay  (NYSE:TK) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.


Teekay Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of Teekay's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Teekay (Teekay) Business Description

Traded in Other Exchanges
Address
69 Pitts Bay Road, 4th Floor, Belvedere Building, Hamilton, BMU, HM 08
Teekay Corp is engaged in providing crude oil and gas marine transportation services. It also offers offshore oil production, storage, and offloading services, primarily under long-term, fixed-rate contracts. The company has three primary lines of business: offshore production (FPSO units), operational and maintenance marine services, and conventional tankers. It manages these businesses for the benefit of all stakeholders. The company serves energy and utility companies, oil traders, large oil and LNG consumers, petroleum product producers, government agencies, and various other entities that depend upon marine transportation.

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