Teck Resources (TECK-B.TO) Debt Metrics
Market Cap: $29.93B
Avg Volume: 1.07M
Industry: Industrial Materials
Sector: Basic Materials
How much debt does Teck Resources have?
According to Teck Resources's latest annual financial reports, the company's debt profile is as follows:
Total Debt and Liabilities
Teck Resources's total debt stands at $9.96B. This is broken down into:
- Long-term debt: $9.37B
- Short-term debt: $598.00M
The company's net debt, which accounts for cash and cash equivalents, is $2.38B. In terms of overall financial obligations, Teck Resources's total liabilities amount to $19.94B.
Debt Ratios and Metrics
To better understand Teck Resources's debt position, we can look at several key ratios:
- Debt to Equity Ratio: 0.38 - this indicates the proportion of equity and debt the company uses to finance its assets.
- Debt Ratio: 21.19% - this shows the proportion of a company's assets that are financed through debt.
- Interest Coverage Ratio: -0.01 - this measures how easily a company can pay interest on its outstanding debt.
- Long-term Debt to Capitalization: 24.78% - this shows the proportion of long-term debt in the company's capital structure.
- Total Debt to Capitalization: 27.65% - this indicates the total debt in the company's capital structure.
These metrics provide insight into Teck Resources's financial leverage and its ability to meet financial obligations. For a comprehensive understanding of the company's financial health, it's important to consider these debt metrics alongside other financial indicators and industry benchmarks.
Total Debt
$9.96B
Long-term Debt
$9.37B
Short-term Debt
$598.00M
Net Debt
$2.38B
Total Liabilities
$19.94B
Interest Coverage
-0.01
Debt to Equity Ratio
0.38
Debt Ratio
21.19%
Teck Resources Historical Debt Metrics
Teck Resources Historical Debt
The table below shows various debt metrics for each year, with the latest data available for the last fiscal year 2024.
| Year | Total Debt | Long-term Debt | Short-term Debt | Net Debt | Total Liabilities | Debt to Equity | Debt Ratio | Interest Coverage | Long-term Debt to Capitalization | Total Debt to Capitalization |
|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $9.96B | $9.37B | $598.00M | $2.38B | $19.94B | 0.38 | 21.19% | -0.01 | 24.78% | 27.65% |
| 2023 | $11.09B | $10.38B | $710.00M | $10.35B | $27.90B | 0.41 | 19.74% | 22.88 | 26.07% | 29.13% |
| 2022 | $10.02B | $9.27B | $748.00M | $8.13B | $25.85B | 0.39 | 19.13% | 0.00 | 25.74% | 28.22% |
| 2021 | $9.33B | $8.99B | $340.00M | $7.90B | $23.59B | 0.41 | 19.70% | 970.00 | 26.80% | 28.86% |
| 2020 | $7.88B | $7.65B | $234.00M | $7.43B | $20.57B | 0.39 | 19.09% | 4.06 | 26.09% | 28.23% |
| 2019 | $5.75B | $5.56B | $189.00M | $4.72B | $17.28B | 0.27 | 14.60% | 27.34 | 19.15% | 21.24% |
| 2018 | $5.52B | $5.49B | $64.00M | $3.79B | $16.61B | 0.24 | 13.93% | 132.89 | 18.46% | 19.43% |
| 2017 | $6.37B | $6.31B | $55.00M | $5.42B | $17.53B | 0.33 | 17.19% | 67.70 | 23.78% | 24.73% |
| 2016 | $8.34B | $8.24B | $99.00M | $6.94B | $18.03B | 0.48 | 23.42% | 7.70 | 32.10% | 32.36% |
| 2015 | $9.63B | $8.23B | $28.00M | $7.75B | $18.05B | 0.59 | 27.77% | -12.97 | 36.93% | 37.00% |
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