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
No updates
Recent updates
Teck Resources: Why It's #1 On My Watchlist
Oct 21Teck: Waiting For A Pullback Before Buying
Oct 03Teck Resources: An Attractive Copper Play For Another Day
Sep 25Teck Resources: We Still See Potential For Further Gains
May 02Teck Resources: Solid Q1 With Copper Expansion Progressing
Apr 25Teck Resources: Our Top Pick To Ride The Copper Boom
Jan 31The Teck Resources Saga Continues: Deciphering The Company's Next Move
Oct 26Teck Resources Continues To Benefit From Multi-Sided Growth, Revenue Diversity
Sep 15Teck Resources: Well-Positioned To Ride Copper Tailwinds
Jul 03Teck Resources: An All-Cash Sale Of The Coal Unit Would Be Preferable
Jun 19Teck Resources: 2 Catalysts Happening (Rating Upgrade)
May 26Financial Position Analysis
Short Term Liabilities: TECK's short term assets (CA$12.4B) exceed its short term liabilities (CA$4.3B).
Long Term Liabilities: TECK'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's net debt to equity ratio (4.9%) is considered satisfactory.
Reducing Debt: TECK's debt to equity ratio has increased from 21.3% to 32.8% over the past 5 years.
Debt Coverage: TECK's debt is well covered by operating cash flow (30.9%).
Interest Coverage: TECK's interest payments on its debt are well covered by EBIT (10.3x coverage).