Teekay Corporation Financial Flexibility Index
Teekay Corporation 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). See TK FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Financial Flexibility Index of Teekay Corporation (1994–2025)
Financial flexibility index of Teekay Corporation from 1994 to 2025. Historical Financial Flexibility Index trend for Teekay Corporation across 32 annual periods. Check Teekay Corporation earnings quality ratio to evaluate the quality of earnings relative to operating cash generation.
Teekay Corporation Financial Flexibility Index by Year (1994–2025)
Teekay Corporation financial flexibility index by year from 1994 to 2025. Year-by-year free cash flow to debt coverage for Teekay Corporation. For the full cash flow conversion analysis, see Teekay Corporation (TK) cash flow conversion.
| 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 | — |