Teekay Tankers Ltd (TNK) - Total Assets
Based on the latest financial reports, Teekay Tankers Ltd (TNK) holds total assets worth $2.11 Billion USD as of September 2025. Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Teekay Tankers Ltd - Total Assets Trend (2005–2024)
This chart illustrates how Teekay Tankers Ltd's total assets have evolved over time, based on quarterly financial data. Also see how much is Teekay Tankers Ltd worth for the company's overall valuation and market capitalisation.
Teekay Tankers Ltd - Asset Composition Analysis
Current Asset Composition (December 2024)
Teekay Tankers Ltd's total assets of $2.11 Billion consist of 37.9% current assets and 62.1% non-current assets. Review how much debt does Teekay Tankers Ltd carry to assess the company's total debt and financial obligations.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $511.89 Million | 25.9% |
| Accounts Receivable | $145.28 Million | 7.4% |
| Inventory | $45.99 Million | 2.3% |
| Property, Plant & Equipment | $1.18 Billion | 60.0% |
| Intangible Assets | $307.00K | 0.0% |
| Goodwill | $2.43 Million | 0.1% |
Asset Composition Trend (2005–2024)
This chart illustrates how Teekay Tankers Ltd's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution. See Teekay Tankers Ltd stock price for real-time trading data and today's change.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Teekay Tankers Ltd's current assets represent 37.9% of total assets in 2024, an increase from 5.9% in 2005.
- Cash Position: Cash and equivalents constituted 25.9% of total assets in 2024, up from 0.0% in 2005.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2005.
- Asset Diversification: The largest asset category is property, plant & equipment at 60.0% of total assets.
Teekay Tankers Ltd Competitors by Total Assets
Key competitors of Teekay Tankers Ltd based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
South Bow Corporation
TO:SOBO
|
Canada | CA$11.38 Billion |
|
Gibson Energy Inc.
TO:GEI
|
Canada | CA$5.07 Billion |
|
Kinetik Holdings Inc
NYSE:KNTK
|
USA | $7.11 Billion |
|
Nanjing Tanker Corp
SHG:601975
|
China | CN¥13.83 Billion |
|
Transportadora de Gas del Norte SA Class C
BA:TGNO4
|
Argentina | AR$1.47 Trillion |
|
CMB.TECH NV
BR:CMBT
|
Belgium | €8.37 Billion |
|
Fluxys Belgium
BR:FLUX
|
Belgium | €3.17 Billion |
|
Enbridge Inc
TO:ENB
|
Canada | CA$231.65 Billion |
Teekay Tankers Ltd - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 8.78 | 6.80 | 1.24 |
| Quick Ratio | 8.47 | 6.35 | 1.07 |
| Cash Ratio | 6.63 | 4.58 | 0.00 |
| Working Capital | $897.77 Million | $586.07 Million | $48.29 Million |
Teekay Tankers Ltd - Advanced Valuation Insights
This section examines the relationship between Teekay Tankers Ltd's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 1.20 |
| Latest Market Cap to Assets Ratio | 1.17 |
| Asset Growth Rate (YoY) | 1.7% |
| Total Assets | $1.97 Billion |
| Market Capitalization | $2.31 Billion USD |
Valuation Analysis
Above Book Valuation: The market values Teekay Tankers Ltd's assets above their book value (1.17x), reflecting positive investor sentiment about the company's future prospects.
Positive Asset Growth: Teekay Tankers Ltd's assets grew by 1.7% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for Teekay Tankers Ltd (2005–2024)
The table below shows the annual total assets of Teekay Tankers Ltd from 2005 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $1.97 Billion | +1.66% |
| 2023-12-31 | $1.94 Billion | +8.86% |
| 2022-12-31 | $1.78 Billion | +10.19% |
| 2021-12-31 | $1.62 Billion | -12.04% |
| 2020-12-31 | $1.84 Billion | -17.77% |
| 2019-12-31 | $2.24 Billion | +3.56% |
| 2018-12-31 | $2.16 Billion | -1.65% |
| 2017-12-31 | $2.20 Billion | +13.71% |
| 2016-12-31 | $1.93 Billion | -10.93% |
| 2015-12-31 | $2.17 Billion | +86.16% |
| 2014-12-31 | $1.17 Billion | +6.18% |
| 2013-12-31 | $1.10 Billion | -0.74% |
| 2012-12-31 | $1.11 Billion | -32.64% |
| 2011-12-31 | $1.64 Billion | +75.27% |
| 2010-12-31 | $936.52 Million | +73.44% |
| 2009-12-31 | $539.96 Million | +10.01% |
| 2008-12-31 | $490.81 Million | +58.16% |
| 2007-12-31 | $310.32 Million | +3.92% |
| 2006-12-31 | $298.62 Million | -5.92% |
| 2005-12-31 | $317.41 Million | -- |
About 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