Teck Resources Balance Sheet Health
Financial Health criteria checks 4/6
Teck Resources has a total shareholder equity of CA$25.9B and total debt of CA$8.5B, which brings its debt-to-equity ratio to 32.8%. Its total assets and total liabilities are CA$44.5B and CA$18.6B respectively. Teck Resources's EBIT is CA$4.2B making its interest coverage ratio 10.3. It has cash and short-term investments of CA$7.2B.
Key information
32.8%
Debt to equity ratio
CA$8.50b
Debt
| Interest coverage ratio | 10.3x |
| Cash | CA$7.23b |
| Equity | CA$25.89b |
| Total liabilities | CA$18.59b |
| Total assets | CA$44.48b |
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 03Recent updates
Calculating The Intrinsic Value Of Teck Resources Limited (TSE:TECK.B)
Aug 31Analysts Just Slashed Their Teck Resources Limited (TSE:TECK.B) EPS Numbers
Jul 11Calculating The Fair Value Of Teck Resources Limited (TSE:TECK.B)
Jun 01Be Wary Of Teck Resources (TSE:TECK.B) And Its Returns On Capital
May 14What 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 05Financial Position Analysis
Short Term Liabilities: TECK.B's short term assets (CA$12.4B) exceed its short term liabilities (CA$4.3B).
Long Term Liabilities: TECK.B's short term assets (CA$12.4B) do not cover its long term liabilities (CA$14.3B).
Debt to Equity History and Analysis
Debt Level: TECK.B's net debt to equity ratio (4.9%) is considered satisfactory.
Reducing Debt: TECK.B's debt to equity ratio has increased from 21.3% to 32.8% over the past 5 years.
Debt Coverage: TECK.B's debt is well covered by operating cash flow (30.9%).
Interest Coverage: TECK.B's interest payments on its debt are well covered by EBIT (10.3x coverage).