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
Teck 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 26Teck Resources Q4 2022 Earnings Preview
Feb 20Teck Resources: Strong Copper Prices Make This A Winner
Jan 19Teck offloads Quintette assets for $120M
Dec 19Teck Resources declares CAD 0.125 dividend
Nov 16Financial Position Analysis
Short Term Liabilities: TECK's short term assets (CA$7.3B) exceed its short term liabilities (CA$4.9B).
Long Term Liabilities: TECK'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's net debt to equity ratio (29.5%) is considered satisfactory.
Reducing Debt: TECK's debt to equity ratio has increased from 24.9% to 33.7% over the past 5 years.
Debt Coverage: TECK's debt is well covered by operating cash flow (29.2%).
Interest Coverage: TECK's interest payments on its debt are well covered by EBIT (50.1x coverage).