TKTeekay Corporation Ltd.
Is it safe?
Nothing alarming, nothing pristine: heavy debt (CCC) and typical volatility.
Debt against weak or negative operating profit. A rule of thumb on leverage, not a credit rating.
Moderate price swings, typical volatility. Worst drawdown -84% · now at/near its 52-week high.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can TK take a bad year?
The deepest fall in TK's price history on file is −84%; it is 0.00% below its high today.
Net debt · as at Q4 2021 · debt less the cash on hand, with no positive EBITDA to service it
- Interest cover
- none
Interest cover · no operating profit to pay the interest bill from
- Annualised volatility
- 38%
Annualised volatility · roughly twice as jumpy as the market
- Worst drawdown on file
- −84%
Worst drawdown on file · 0.00% today
Details›
- Total debtQ4 2021
- $696M
- Cash and short-term investments
- $109M
- Net debt
- $588M
- EBITDA, trailing twelve months
- −$79M
- Operating profit, trailing twelve months
- −$185M
- Debt / equity
- 0.29×
- Annualised volatilitytwo years of daily moves
- 38%
- Worst drawdown on file
- −84%
- Below its 52-week high
- 0.00%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.