Teck Resources Balance Sheet Health
Financial Health criteria checks 4/6
Teck Resources has a total shareholder equity of CA$28.3B and total debt of CA$10.0B, which brings its debt-to-equity ratio to 35.5%. Its total assets and total liabilities are CA$56.2B and CA$27.9B respectively. Teck Resources's EBIT is CA$3.7B making its interest coverage ratio -33.3. It has cash and short-term investments of CA$744.0M.
Key information
35.5%
Debt to equity ratio
CA$10.03b
Debt
| Interest coverage ratio | -33.3x |
| Cash | CA$744.00m |
| Equity | CA$28.29b |
| Total liabilities | CA$27.90b |
| Total assets | CA$56.19b |
Recent financial health updates
Teck Resources (TSE:TECK.B) Has A Somewhat Strained Balance Sheet
Feb 12
Teck Resources (TSE:TECK.B) Takes On Some Risk With Its Use Of Debt
Oct 17Does Teck Resources (TSE:TECK.B) Have A Healthy Balance Sheet?
Jul 03Here's Why Teck Resources (TSE:TECK.B) Can Manage Its Debt Responsibly
Mar 07Recent updates
What Teck Resources Limited's (TSE:TECK.B) P/E Is Not Telling You
Apr 11Teck Resources (TSE:TECK.B) Has A Somewhat Strained Balance Sheet
Feb 12Teck Resources Limited (TSE:TECK.B) Shares Could Be 23% Below Their Intrinsic Value Estimate
Jan 22Earnings Not Telling The Story For Teck Resources Limited (TSE:TECK.B)
Jan 04There Are Reasons To Feel Uneasy About Teck Resources' (TSE:TECK.B) Returns On Capital
Dec 17Teck Resources (TSE:TECK.B) Takes On Some Risk With Its Use Of Debt
Oct 17Teck Resources (TSE:TECK.B) Is Reinvesting At Lower Rates Of Return
Sep 14Calculating The Fair Value Of Teck Resources Limited (TSE:TECK.B)
Aug 14Does Teck Resources (TSE:TECK.B) Have A Healthy Balance Sheet?
Jul 03Here's What To Make Of Teck Resources' (TSE:TECK.B) Decelerating Rates Of Return
Jun 05A Look At The Fair Value Of Teck Resources Limited (TSE:TECK.B)
May 08Here's Why We Think Teck Resources (TSE:TECK.B) Might Deserve Your Attention Today
Mar 28Here's Why Teck Resources (TSE:TECK.B) Can Manage Its Debt Responsibly
Mar 07Investors Will Want Teck Resources' (TSE:TECK.B) Growth In ROCE To Persist
Feb 13An Intrinsic Calculation For Teck Resources Limited (TSE:TECK.B) Suggests It's 44% Undervalued
Jan 03Financial Position Analysis
Short Term Liabilities: TECK.B's short term assets (CA$6.5B) exceed its short term liabilities (CA$5.9B).
Long Term Liabilities: TECK.B's short term assets (CA$6.5B) do not cover its long term liabilities (CA$22.0B).
Debt to Equity History and Analysis
Debt Level: TECK.B's net debt to equity ratio (32.8%) is considered satisfactory.
Reducing Debt: TECK.B's debt to equity ratio has increased from 22.5% to 35.5% over the past 5 years.
Debt Coverage: TECK.B's debt is well covered by operating cash flow (40.7%).
Interest Coverage: TECK.B earns more interest than it pays, so coverage of interest payments is not a concern.