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 Teekay Corporation total reinvestment intensity to assess the company's total reinvestment commitment from operating cash flow.
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. For the full cash flow conversion analysis, see TK cash flow metrics.
Annual Financial Flexibility Index for Teekay Corporation (1994–2025)
Year-by-year free cash flow to debt coverage for Teekay Corporation. Explore debt repayment capacity of Teekay Corporation to assess how comfortably operating cash covers total debt obligations.
| 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 | — |