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
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TEKB's short term assets (CA$7.3B) exceed its short term liabilities (CA$4.9B).
Long Term Liabilities: TEKB'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: TEKB's net debt to equity ratio (29.5%) is considered satisfactory.
Reducing Debt: TEKB's debt to equity ratio has increased from 24.9% to 33.7% over the past 5 years.
Debt Coverage: TEKB's debt is well covered by operating cash flow (29.2%).
Interest Coverage: TEKB's interest payments on its debt are well covered by EBIT (50.1x coverage).