Teekay Corporation (TK) — Financial Flexibility Index
Teekay Corporation (TK) has a Financial Flexibility Index of 2.51x as of December 2025. Free cash flow of $495.02 Million (operating CF $301.77 Million minus capex $193.25 Million) represents 3% of total liabilities ($197.47 Million). Check TK capital-intensive asset ratio to assess the company's strategic physical and investment asset allocation.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Teekay Corporation Financial Flexibility Index (1994–2025)
Historical Financial Flexibility Index trend for Teekay Corporation across 32 annual periods. See working capital to net assets of Teekay Corporation to evaluate short-term liquidity relative to the company's equity base.
Annual Financial Flexibility Index for Teekay Corporation (1994–2025)
Year-by-year free cash flow to debt coverage for Teekay Corporation. For the full company profile including market capitalisation, see how much is Teekay Corporation worth.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 2.11x | $495.02 Million | $301.77 Million | $234.22 Million | ▼ -15.1% |
| 2024 | 2.49x | $542.53 Million | $467.19 Million | $217.95 Million | ▲ +54.1% |
| 2023 | 1.62x | $640.02 Million | $629.82 Million | $396.29 Million | ▲ +498.5% |
| 2022 | 0.27x | $214.58 Million | $199.15 Million | $795.24 Million | ▲ +1035.3% |
| 2021 | 0.02x | $97.43 Million | $75.99 Million | $4.10 Billion | ▼ -89.5% |
| 2020 | 0.23x | $1.01 Billion | $984.02 Million | $4.47 Billion | ▲ +152.4% |
| 2019 | 0.09x | $492.83 Million | $383.31 Million | $5.51 Billion | ▼ -43.6% |
| 2018 | 0.16x | $875.93 Million | $182.13 Million | $5.52 Billion | ▼ -47.3% |
| 2017 | 0.30x | $1.57 Billion | $513.75 Million | $5.21 Billion | ▲ +105.8% |
| 2016 | 0.15x | $1.27 Billion | $624.63 Million | $8.73 Billion | ▼ -46.8% |
| 2015 | 0.27x | $2.57 Billion | $770.33 Million | $9.36 Billion | ▲ +59.9% |
| 2014 | 0.17x | $1.44 Billion | $446.32 Million | $8.39 Billion | ▲ +37.2% |
| 2013 | 0.13x | $1.05 Billion | $291.96 Million | $8.35 Billion | ▲ +7.9% |
| 2012 | 0.12x | $906.09 Million | $289.56 Million | $7.81 Billion | ▲ +5.4% |
| 2011 | 0.11x | $862.24 Million | $107.19 Million | $7.83 Billion | ▼ -4.7% |
| 2010 | 0.12x | $754.84 Million | $411.75 Million | $6.54 Billion | ▼ -11.0% |
| 2009 | 0.13x | $833.31 Million | $338.10 Million | $6.42 Billion | ▼ -14.6% |
| 2008 | 0.15x | $1.15 Billion | $431.85 Million | $7.56 Billion | ▼ -5.9% |
| 2007 | 0.16x | $1.17 Billion | $255.02 Million | $7.22 Billion | ▼ -23.7% |
| 2006 | 0.21x | $1.00 Billion | $545.72 Million | $4.73 Billion | ▼ -51.4% |
| 2005 | 0.44x | $1.21 Billion | $609.04 Million | $2.77 Billion | ▲ +1.4% |
| 2004 | 0.43x | $1.40 Billion | $814.70 Million | $3.25 Billion | ▼ -6.1% |
| 2003 | 0.46x | $877.96 Million | $455.57 Million | $1.92 Billion | ▲ +52.1% |
| 2002 | 0.30x | $385.01 Million | $214.44 Million | $1.28 Billion | ▼ -65.0% |
| 2001 | 0.86x | $901.65 Million | $520.15 Million | $1.05 Billion | ▲ +87.6% |
| 2000 | 0.46x | $398.42 Million | $333.25 Million | $871.02 Million | ▲ +545.2% |
| 1999 | 0.07x | $81.42 Million | $51.51 Million | $1.15 Billion | ▼ -88.3% |
| 1998 | 0.61x | $410.59 Million | $161.12 Million | $674.82 Million | ▲ +112.4% |
| 1997 | 0.29x | $220.82 Million | $139.16 Million | $770.73 Million | ▼ -4.1% |
| 1996 | 0.30x | $221.99 Million | $102.65 Million | $743.00 Million | ▲ +111.3% |
| 1995 | 0.14x | $106.90 Million | $87.50 Million | $755.90 Million | ▲ +14.8% |
| 1994 | 0.12x | $106.90 Million | $87.50 Million | $867.40 Million | — |