Teck Resources Balance Sheet Health
Financial Health criteria checks 4/6
Teck Resources has a total shareholder equity of CA$30.8B and total debt of CA$10.4B, which brings its debt-to-equity ratio to 33.7%. Its total assets and total liabilities are CA$58.3B and CA$27.5B respectively. Teck Resources's EBIT is CA$3.2B making its interest coverage ratio 50.1. It has cash and short-term investments of CA$1.3B.
Key information
33.7%
Debt to equity ratio
CA$10.39b
Debt
Interest coverage ratio | 50.1x |
Cash | CA$1.30b |
Equity | CA$30.78b |
Total liabilities | CA$27.55b |
Total assets | CA$58.33b |
Recent financial health updates
Teck Resources (TSE:TECK.B) Has A Somewhat Strained Balance Sheet
Feb 12Teck 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
Be 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 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 13Financial Position Analysis
Short Term Liabilities: TECK.B's short term assets (CA$7.3B) exceed its short term liabilities (CA$4.9B).
Long Term Liabilities: TECK.B's short term assets (CA$7.3B) do not cover its long term liabilities (CA$22.6B).
Debt to Equity History and Analysis
Debt Level: TECK.B's net debt to equity ratio (29.5%) is considered satisfactory.
Reducing Debt: TECK.B's debt to equity ratio has increased from 24.9% to 33.7% over the past 5 years.
Debt Coverage: TECK.B's debt is well covered by operating cash flow (29.2%).
Interest Coverage: TECK.B's interest payments on its debt are well covered by EBIT (50.1x coverage).