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Teekay Corporation  (TK)
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Teekay's Working Capital Ratio

TK's quarterly Working Capital Ratio and Current Assets, Current Liabilities growth


Regardless of the sequential decrease in Current Liabilities, during the forth quarter 2023, Working Capital Ratio deteriorated to 5.33 above company average Working Capital Ratio.

Within Marine Transportation industry only one company has achieved higher Working Capital Ratio in forth quarter 2023. While Working Capital Ratio total ranking in the forth quarter 2023 has deteriorated compared to the prior quarter from 0 to 464.

Explain Working Capital Ratio
How much in Current Assets TK´s has?
What is the value of TK´s Current Liabilities?


TK Working Capital Ratio (Dec 31 2023)
IV. Quarter
0
III. Quarter
0
II. Quarter
0
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Current Liabilities Change -25.6 % -25.6 % -25.6 % -25.6 % -93.04 %
Y / Y Current Assets Change 11.94 % 11.94 % 11.94 % 11.94 % -83.97 %
Working Capital Ratio MRQ 5.33 5.33 5.33 5.33 3.55
TK's Total Ranking # 464 # 0 # 0 # 1610 #
Seq. Current Liabilities Change 0 % 0 % 0 % -25.6 % 0 %
Seq. Current Assets Change 0 % 0 % 0 % 11.94 % 0 %



Working Capital Ratio forth quarter 2023 Company Ranking
Within: No.
Marine Transportation Industry # 2
Transportation Sector # 3
Overall Market # 464


Working Capital Ratio Statistics
High Average Low
5.33 1.68 0.61
(Dec 31 2023)   (Dec 31 2017)




Financial Statements
Teekay's Current Liabilities $ 173 Millions Visit TK's Balance sheet
Teekay's Current Assets $ 922 Millions Visit TK's Balance sheet
Source of TK's Sales Visit TK's Sales by Geography


Cumulative Teekay's Working Capital Ratio

TK's Working Capital Ratio for the trailling 12 Months

TK Working Capital Ratio

(Dec 31 2023)
IV. Quarter
0
III. Quarter
0
II. Quarter
0
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Current Liabilities TTM Growth -25.6 % -25.6 % -25.6 % -25.6 % -93.04 %
Y / Y Current Assets TTM Growth 11.94 % 11.94 % 11.94 % 11.94 % -83.97 %
Working Capital Ratio TTM 5.33 4.78 4.31 3.9 3.55
Total Ranking TTM # 263 # 0 # 0 # 1315 #
Seq. Current Liabilities TTM Growth 0 % 0 % 0 % -25.6 % 0 %
Seq. Current Assets TTM Growth 0 % 0 % 0 % 11.94 % 0 %


On the trailing twelve months basis TK Current Assets increased by 11.94 % in IV Quarter 2023 year on year, while Current Liabilities remained unchanged to $173 millions, this led to increase in in Teekay's Working Capital Ratio to 5.33, above TK average Working Capital Ratio.
Working Capital Ratio is the average cumulative value over the last four quarters.

Among companies operating within Marine Transportation industry just one company has achieved higher Working Capital Ratio during the twelve months ending in the Dec 31 2023. While Working Capital Ratio total ranking has deteriorated compared to the previous twelve months ending in the third quarter 2023 from 0 to 263.

Explain Working Capital Ratio
How much in Current Assets TK´s has?
What is the value of TK´s Current Liabilities?

TTM Working Capital Ratio Company Ranking
Within: No.
Within the Marine Transportation Industry # 2
Transportation Sector # 3
Within the Market # 263


trailing twelve months Working Capital Ratio Statistics
High Average Low
5.33 1.45 0.61
(Dec 31 2023)   (Dec 31 2017)




Companies with similar Working Capital Ratio in the quarter ending Dec 31 2023, within Marine Transportation Industry Working Capital RatioDec 31 2023 MRQ Current AssetsDec 31 2023 MRQ Current Liabilities
Teekay Corporation  5.33 $ 921.948  Millions$ 172.821  Millions
Genco Shipping and Trading Limited  4.46 $ 157.272  Millions$ 35.286  Millions
Ardmore Shipping Corp  3.75 $ 126.778  Millions$ 33.839  Millions
Dorian Lpg Ltd   3.31 $ 339.329  Millions$ 102.451  Millions
Safe Bulkers Inc   2.63 $ 146.721  Millions$ 55.733  Millions
Pangaea Logistics Solutions Ltd   1.82 $ 191.826  Millions$ 105.334  Millions
Globus Maritime Limited  1.73 $ 79.296  Millions$ 45.759  Millions
Brink s Co  1.69 $ 2,788.300  Millions$ 1,645.400  Millions
Singularity Future Technology Ltd   1.50 $ 6.935  Millions$ 4.616  Millions
Forward Air Corporation  1.46 $ 347.028  Millions$ 237.094  Millions
C h Robinson Worldwide Inc   1.40 $ 2,880.694  Millions$ 2,051.993  Millions
Navigator Holdings Ltd   1.38 $ 255.372  Millions$ 185.442  Millions
Star Bulk Carriers Corp   1.26 $ 454.397  Millions$ 359.363  Millions
Unique Logistics International Inc   1.18 $ 54.341  Millions$ 45.932  Millions

Date modified: 2024-03-18T20:04:37+00:00



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