Leverage Ratio of Teekay Corporation (TK) is 13.90

A leverage ratio is any one of several financial measurements that look at how much capital comes in the form of debt (loans) or assesses the ability of a company to meet its financial obligations. The leverage ratio category is important because companies rely on a mixture of equity and debt to finance their operations, and knowing the amount of debt held by a company is useful in evaluating whether it can pay its debts off as they come due. Several common leverage ratios will be discussed below. Leverage ratios measure how leveraged a company is. These ratios compare the total debt obligation to either assets.

 

Source: Investopedia

Leverage Ratio
Jul 20Aug 20Sep 20Oct 20Nov 20Dec 20Jan 21Feb 21Mar 21Apr 21May 21Jun 21
17.8017.9016.5016.0016.0015.8015.5015.5015.5014.1014.1013.90