Teck Resources Balance Sheet Health
Financial Health criteria checks 4/6
Teck Resources has a total shareholder equity of CA$31.2B and total debt of CA$10.6B, which brings its debt-to-equity ratio to 33.9%. Its total assets and total liabilities are CA$58.8B and CA$27.6B respectively. Teck Resources's EBIT is CA$3.2B making its interest coverage ratio 11.7. It has cash and short-term investments of CA$918.0M.
Key information
33.9%
Debt to equity ratio
CA$10.58b
Debt
| Interest coverage ratio | 11.7x |
| Cash | CA$918.00m |
| Equity | CA$31.22b |
| Total liabilities | CA$27.57b |
| Total assets | CA$58.79b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TCKR.F's short term assets (CA$7.1B) exceed its short term liabilities (CA$4.8B).
Long Term Liabilities: TCKR.F's short term assets (CA$7.1B) do not cover its long term liabilities (CA$22.8B).
Debt to Equity History and Analysis
Debt Level: TCKR.F's net debt to equity ratio (30.9%) is considered satisfactory.
Reducing Debt: TCKR.F's debt to equity ratio has increased from 21.2% to 33.9% over the past 5 years.
Debt Coverage: TCKR.F's debt is well covered by operating cash flow (30.5%).
Interest Coverage: TCKR.F's interest payments on its debt are well covered by EBIT (11.7x coverage).