Teekay Tankers Ltd Working Capital to Net Assets Ratio
Teekay Tankers Ltd working capital to net assets ratio. Teekay Tankers Ltd (TNK) has a Working Capital to Net Assets ratio of 46.5% as of September 2025. Working capital of $897.77 Million (current assets of $1.01 Billion minus current liabilities of $115.34 Million) is measured against net assets of $1.93 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. Check Teekay Tankers Ltd tangible book value ratio to evaluate the tangible quality of the company's equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of Teekay Tankers Ltd (2005–2024)
Working capital to net assets ratio of Teekay Tankers Ltd from 2005 to 2024. This chart shows how Teekay Tankers Ltd's Working Capital to Net Assets ratio has evolved across 20 annual periods from 2005 to 2024. As of September 2025, the ratio stands at 46.5%, reflecting working capital of $897.77 Million against net assets of $1.93 Billion USD. See TNK defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Teekay Tankers Ltd Working Capital to Net Assets Ratio by Year (2005–2024)
Teekay Tankers Ltd working capital to net assets ratio by year from 2005 to 2024. The table below presents the year-by-year Working Capital to Net Assets ratio for Teekay Tankers Ltd from 2005 to 2024, covering 20 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For the complete balance sheet picture, see TNK asset base.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 35.1% | $615.90 Million | $1.76 Billion | $747.94 Million | $132.04 Million | ▲ +2.9 pp |
| 2023 | 32.2% | $498.95 Million | $1.55 Billion | $666.98 Million | $168.03 Million | ▲ +5.1 pp |
| 2022 | 27.0% | $289.33 Million | $1.07 Billion | $459.51 Million | $170.17 Million | ▲ +16.5 pp |
| 2021 | 10.5% | $88.31 Million | $838.41 Million | $245.40 Million | $157.09 Million | ▲ +6.1 pp |
| 2020 | 4.5% | $48.29 Million | $1.08 Billion | $245.41 Million | $197.12 Million | ▼ -9.8 pp |
| 2019 | 14.3% | $141.52 Million | $989.92 Million | $429.81 Million | $288.29 Million | ▲ +11.4 pp |
| 2018 | 2.9% | $27.83 Million | $946.93 Million | $225.59 Million | $197.76 Million | ▲ +8.9 pp |
| 2017 | -6.0% | $-60.03 Million | $1.01 Billion | $176.69 Million | $236.71 Million | ▼ -3.6 pp |
| 2016 | -2.3% | $-21.44 Million | $920.62 Million | $215.48 Million | $236.92 Million | ▼ -2.4 pp |
| 2015 | 0.0% | $433.00K | $877.46 Million | $279.81 Million | $279.38 Million | ▼ -38.1 pp |
| 2014 | 38.2% | $173.90 Million | $455.72 Million | $253.61 Million | $79.72 Million | ▼ -12.7 pp |
| 2013 | 50.9% | $144.88 Million | $284.67 Million | $215.07 Million | $70.19 Million | ▲ +43.2 pp |
| 2012 | 7.7% | $23.32 Million | $302.18 Million | $85.14 Million | $61.83 Million | ▼ -1.4 pp |
| 2011 | 9.2% | $52.94 Million | $578.16 Million | $199.78 Million | $146.84 Million | ▲ +7.6 pp |
| 2010 | 1.6% | $6.99 Million | $442.69 Million | $25.68 Million | $18.69 Million | ▲ +0.7 pp |
| 2009 | 0.9% | $1.85 Million | $206.27 Million | $23.50 Million | $21.64 Million | ▼ -20.6 pp |
| 2008 | 21.5% | $26.33 Million | $122.31 Million | $48.73 Million | $22.40 Million | ▼ -0.5 pp |
| 2007 | 22.0% | $32.81 Million | $148.79 Million | $41.02 Million | $8.21 Million | ▲ +41.0 pp |
| 2006 | -19.0% | $-39.75 Million | $209.57 Million | $14.20 Million | $53.95 Million | ▲ +62.6 pp |
| 2005 | -81.5% | $-34.61 Million | $42.45 Million | $18.71 Million | $53.32 Million | — |