Teekay Tankers Balance Sheet - Quarterly (NYSE:TNK)

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$0.98 $0.02 (2%) TNK stock closing price Aug 14, 2018 (Closing)

A balance sheet is one of the three key financial statements released by a publicly listed company like Teekay Tankers, and helps in stock analysis. A balance sheet can help evaluate the financial performance of a company. Ratios like return on total assets and current ratio, which also uses cash on hand can be used to measure the operating efficiency of a firm, and can be used to conduct a more accurate Teekay Tankers stock analysis. Quarterly results announcements include the release of all three financial statements, of which the balance sheet is one. Apart from analyzing Teekay Tankers revenue Teekay Tankers operating cash flow, one needs to check balance sheet items like cash, fixed assets and debt. The Teekay Tankers balance sheet for 2018 Q2 shows cash on hand of $50.32M. The company has a debt to equity ratio of 1.12.

View and download Teekay Tankers quarterly results to get the balance sheet details for the latest 40 quarters data.
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Quarterly
Annual
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Fiscal year is Jan - Dec2018 Q22018 Q12017 Q42017 Q32017 Q22017 Q12016 Q42016 Q32016 Q22016 Q1
Cash50.32M49.21M73.03M62.25M88.63M48.65M68.85M60.23M59.01M69.37M
Marketable Securities2.73M2.31M1.01M----1.55M1.34M-
Receivables90.66M85.42M83.94M64.47M73.57M82.74M96.26M91.81M154.08M127.99M
Inventory----------
Raw Materials----------
Work In Progress----------
Finished Goods----------
Notes Receivable----------
Other Current Assets24.63M24.34M18.69M22.23M16.66M23.35M49.48M33.2M36.73M21.58M
Total Current Assets
168.33M161.3M176.68M149.18M178.99M155.21M215.48M186.81M251.18M218.95M
Property Plant & Equipment----------
Accumulated Depreciation----------
Net Property Plant & Equipment
1.92B1.94B1.97B1.51B1.55B1.57B1.61B1.66B1.71B1.75B
Investment & Advances30.97M30.99M29.68M45.94M46.12M87.71M85.81M79.48M78.77M78.67M
Other Non-Current Assets----------
Deferred Charges----------
Intangibles21.09M21.81M22.66M23.32M24.1M24.9M25.71M26.55M27.4M28.52M
Deposits & Other Assets2.76M2.78M2.79M2.81M------
Total Assets
2.14B2.16B2.2B1.74B1.8B1.84B1.93B1.96B2.06B2.07B
Notes Payable----------
Accounts Payable39.89M3.85M7.86M10.35M9.25M34.9M12.26M9.85M10.78M14.55M
Current Portion Long-Term Debt155.09M153.39M166.74M159.08M150.25M155.05M171.01M155.69M151.76M158.34M
Current Portion Capital Leases7.45M7.33M7.22M7.09M------
Accrued Expenses-31.87M34.6M29.75M26.15M-27.22M26.25M47.12M30.23M
Income Taxes Payable----------
Other Current Liabilities39.5M22.61M20.27M17.32M38.43M15.23M26.41M30.28M19.13M9.75M
Total Current Liabilities
241.93M219.07M236.71M223.62M224.09M205.19M236.92M222.09M228.79M212.89M
Mortgages----------
Deferred Taxes/Income----------
Convertible Debt----------
Long-Term Debt778.73M791.77M785.55M486.81M671.53M690.3M761.99M810.96M892.5M930.07M
Non-Current Capital Leases137.95M139.83M141.68M143.85M------
Other Long-Term Liabilities29.62M28.6M26.79M19.22M17.82M14.33M12.88M14.05M17.1M12.99M
Total Liabilities
1.19B1.18B1.19B873.52M913.45M909.82M1.01B1.05B1.14B1.16B
Minority Interest----------
Preferred Stock----------
Common Stock Net-1.3B1.29B1.14B1.14B-1.1B1.1B1.1B1.1B
Capital Surplus----------
Retained Earnings--315.6M-288.39M-281.14M-253.38M--182.68M-184.83M-170M-178.43M
Treasury Stock----------
Other Liabilities----------
Shareholders Equity952.47M979.73M1.01B862.42M889.96M932.41M920.62M910.67M925.31M916.83M
Total Liabilities & Shareholders Equity2.14B2.16B2.2B1.74B1.8B1.84B1.93B1.96B2.06B2.07B
All figures in USD. M: Millions of USD, B: Billions of USD.
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Most investors just check the Teekay Tankers stock price, and Teekay Tankers historical stock prices before investing. While share price is an important factor, one should also look at financials and valuation metrics like the Teekay Tankers PE ratio chart. Below is a brief explanation of common balance sheet terms:

  • Assets: Anything that the Teekay Tankers company owns and is a part of its books. Assets can be of three types: fixed, current and other assets which includes intangibles, advances. Internet companies typically don't have a lot of assets as there is not much investment in say machinery, equipment etc. Teekay Tankers had total assets of $2.14B.
  • Liabilities or obligations comprise of current liabilities that include short term loans, amounts payable to suppliers, or any other outstanding payments including long term liabilities that take into account long term loans for funding large projects. The total liabilities for Teekay Tankers is $1.19B. Shareholders equity comes under liabilities as it is money the company owes the holders of TNK stock.

Teekay Tankers Balance Sheet - Key Ratios

Current ratio
0.74
Debt to equity ratio
1.12
Asset turnover ratio
0.31
Receivables turnover
6.07
Price to book ratio
0.28