Teekay Tankers Ltd
Teekay Tankers Ltd. provides marine transportation services to oil industries in Bermuda and internationally. The company offers voyage and time charter services; offshore ship-to-ship transfer of commodities primarily crude oil and refined oil products; and tanker commercial and technical management services. It is also involved in the vessels management, procurement, and equipment rental busine… Read more
Teekay Tankers Ltd (TNK) - Net Assets
Latest net assets as of September 2025: $1.93 Billion USD
Based on the latest financial reports, Teekay Tankers Ltd (TNK) has net assets worth $1.93 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.11 Billion) and total liabilities ($181.93 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.93 Billion |
| % of Total Assets | 91.39% |
| Annual Growth Rate | 21.64% |
| 5-Year Change | 62.81% |
| 10-Year Change | 100.19% |
| Growth Volatility | 92.89 |
Teekay Tankers Ltd - Net Assets Trend (2005–2024)
This chart illustrates how Teekay Tankers Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Teekay Tankers Ltd (2005–2024)
The table below shows the annual net assets of Teekay Tankers Ltd from 2005 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.76 Billion | +13.31% |
| 2023-12-31 | $1.55 Billion | +44.87% |
| 2022-12-31 | $1.07 Billion | +27.62% |
| 2021-12-31 | $838.41 Million | -22.29% |
| 2020-12-31 | $1.08 Billion | +8.99% |
| 2019-12-31 | $989.92 Million | +4.54% |
| 2018-12-31 | $946.93 Million | -5.93% |
| 2017-12-31 | $1.01 Billion | +9.34% |
| 2016-12-31 | $920.62 Million | +4.92% |
| 2015-12-31 | $877.46 Million | +92.54% |
| 2014-12-31 | $455.72 Million | +60.09% |
| 2013-12-31 | $284.67 Million | -5.79% |
| 2012-12-31 | $302.18 Million | -47.73% |
| 2011-12-31 | $578.16 Million | +30.60% |
| 2010-12-31 | $442.69 Million | +114.62% |
| 2009-12-31 | $206.27 Million | +68.65% |
| 2008-12-31 | $122.31 Million | -17.80% |
| 2007-12-31 | $148.79 Million | -29.00% |
| 2006-12-31 | $209.57 Million | +393.74% |
| 2005-12-31 | $42.45 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Teekay Tankers Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 44705500000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $447.06 Million | 25.45% |
| Common Stock | $1.31 Billion | 74.55% |
| Total Equity | $1.76 Billion | 100.00% |
Teekay Tankers Ltd Competitors by Market Cap
The table below lists competitors of Teekay Tankers Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Buckle Inc
NYSE:BKE
|
$1.53 Billion |
|
Pingdingshan Tianan Coal Mining Co Ltd
SHG:601666
|
$1.53 Billion |
|
Interface Inc
NASDAQ:TILE
|
$1.53 Billion |
|
Alphatec Holdings Inc
NASDAQ:ATEC
|
$1.53 Billion |
|
Longshine Technology Co Ltd
SHE:300682
|
$1.53 Billion |
|
Terravest Capital Inc
TO:TVK
|
$1.53 Billion |
|
Inner Mongolia Furui Med Sci
SHE:300049
|
$1.53 Billion |
|
Athabasca Oil Corp
PINK:ATHOF
|
$1.53 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Teekay Tankers Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,550,157,000 to 1,756,550,000, a change of 206,393,000 (13.3%).
- Net income of 403,667,000 contributed positively to equity growth.
- Dividend payments of 102,819,000 reduced retained earnings.
- Share repurchases of 2,895,000 reduced equity.
- Other comprehensive income decreased equity by 24,372,000.
- Other factors decreased equity by 67,188,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $403.67 Million | +22.98% |
| Dividends Paid | $102.82 Million | -5.85% |
| Share Repurchases | $2.90 Million | -0.16% |
| Other Comprehensive Income | $-24.37 Million | -1.39% |
| Other Changes | $-67.19 Million | -3.82% |
| Total Change | $- | 13.31% |
Book Value vs Market Value Analysis
This analysis compares Teekay Tankers Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.26x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.82x to 1.26x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | $22.64 | $63.92 | x |
| 2006-12-31 | $111.77 | $63.92 | x |
| 2007-12-31 | $77.38 | $63.92 | x |
| 2008-12-31 | $39.14 | $63.92 | x |
| 2009-12-31 | $57.61 | $63.92 | x |
| 2010-12-31 | $83.66 | $63.92 | x |
| 2011-12-31 | $76.11 | $63.92 | x |
| 2012-12-31 | $30.39 | $63.92 | x |
| 2013-12-31 | $27.24 | $63.92 | x |
| 2014-12-31 | $42.27 | $63.92 | x |
| 2015-12-31 | $48.58 | $63.92 | x |
| 2016-12-31 | $43.24 | $63.92 | x |
| 2017-12-31 | $43.01 | $63.92 | x |
| 2018-12-31 | $28.21 | $63.92 | x |
| 2019-12-31 | $29.35 | $63.92 | x |
| 2020-12-31 | $31.81 | $63.92 | x |
| 2021-12-31 | $24.76 | $63.92 | x |
| 2022-12-31 | $31.21 | $63.92 | x |
| 2023-12-31 | $44.84 | $63.92 | x |
| 2024-12-31 | $50.61 | $63.92 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Teekay Tankers Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 22.98%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 32.84%
- • Asset Turnover: 0.62x
- • Equity Multiplier: 1.12x
- Recent ROE (22.98%) is above the historical average (8.08%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 103.40% | 35.01% | 0.39x | 7.48x | $39.65 Million |
| 2006 | 19.16% | 26.23% | 0.51x | 1.42x | $19.20 Million |
| 2007 | 28.55% | 29.04% | 0.47x | 2.09x | $27.61 Million |
| 2008 | 42.38% | 35.96% | 0.29x | 4.01x | $39.61 Million |
| 2009 | 18.88% | 34.36% | 0.21x | 2.62x | $18.31 Million |
| 2010 | 3.68% | 11.69% | 0.15x | 2.12x | $-27.96 Million |
| 2011 | -19.56% | -52.58% | 0.13x | 2.84x | $-170.89 Million |
| 2012 | -122.50% | -199.10% | 0.17x | 3.66x | $-400.40 Million |
| 2013 | -2.86% | -5.01% | 0.15x | 3.86x | $-36.61 Million |
| 2014 | 12.54% | 25.23% | 0.19x | 2.56x | $11.57 Million |
| 2015 | 20.47% | 34.94% | 0.24x | 2.47x | $91.89 Million |
| 2016 | 6.83% | 11.93% | 0.27x | 2.10x | $-29.21 Million |
| 2017 | -5.76% | -13.46% | 0.20x | 2.18x | $-158.68 Million |
| 2018 | -5.55% | -6.95% | 0.35x | 2.28x | $-147.24 Million |
| 2019 | 4.18% | 4.38% | 0.42x | 2.26x | $-57.63 Million |
| 2020 | 8.09% | 9.85% | 0.48x | 1.71x | $-20.57 Million |
| 2021 | -28.91% | -44.69% | 0.34x | 1.93x | $-326.21 Million |
| 2022 | 22.00% | 19.99% | 0.66x | 1.67x | $128.43 Million |
| 2023 | 33.54% | 35.28% | 0.76x | 1.25x | $364.87 Million |
| 2024 | 22.98% | 32.84% | 0.62x | 1.12x | $228.01 Million |
Industry Comparison
This section compares Teekay Tankers Ltd's net assets metrics with peer companies in the Oil & Gas Midstream industry.
Industry Context
- Industry: Oil & Gas Midstream
- Average net assets among peers: $1,230,397,219
- Average return on equity (ROE) among peers: 2202.95%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Teekay Tankers Ltd (TNK) | $1.93 Billion | 103.40% | 0.09x | $1.53 Billion |
| Antero Midstream Partners LP (AM) | $142.86 Million | 0.00% | 0.21x | $7.58 Billion |
| AltaGas Ltd (ATGFF) | $2.83 Billion | 7.11% | 1.57x | $8.06 Billion |
| ATGPF (ATGPF) | $7.86 Billion | 8.56% | 1.98x | $4.11 Billion |
| Avance Gas Holding Ltd (AVACF) | $603.79 Million | 27.09% | 0.91x | $7.70K |
| CBL International Limited Ordinary Shares (BANL) | $12.11 Million | 30.42% | 1.11x | $3.17 Million |
| BP Prudhoe Bay Royalty Trust (BPT) | $863.00K | 22418.66% | 0.16x | $2.99 Million |
| Brooge Holdings Ltd (BROG) | $78.49 Million | 16.31% | 4.83x | $32.39 Million |
| Brooge Energy Limited (BROGW) | $56.77 Million | -85.14% | 7.56x | $5.67K |
| Willow Biosciences Inc (CANSF) | $1.10 Million | -405.25% | 0.17x | $2.85 Million |
| Cool Company Ltd (CLCO) | $715.51 Million | 11.75% | 1.88x | $145.96 Million |