Teck Resources (Teck Resources) Debt-to-Equity

: 0.41 (As of Dec. 2023)

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Teck Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $529 Mil. Teck Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $7,739 Mil. Teck Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $20,116 Mil. Teck Resources's debt to equity for the quarter that ended in Dec. 2023 was 0.41.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Teck Resources's Debt-to-Equity or its related term are showing as below:

TECK' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.24 Med: 0.4 Max: 0.59
Current: 0.41

During the past 13 years, the highest Debt-to-Equity Ratio of Teck Resources was 0.59. The lowest was 0.24. And the median was 0.40.

TECK's Debt-to-Equity is ranked worse than
71.66% of 1309 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TECK: 0.41

Teck Resources Debt-to-Equity Historical Data

The historical data trend for Teck Resources's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Teck Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.27

0.39

0.41

0.39

0.41

Teck Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.39	0.39	0.39	0.40	0.41

Competitive Comparison

For the Other Industrial Metals & Mining subindustry, Teck Resources's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Teck Resources Debt-to-Equity Distribution

For the Metals & Mining industry and Basic Materials sector, Teck Resources's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Teck Resources's Debt-to-Equity falls into.

Teck Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Teck Resources's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(529.219	+	7738.521)	/	20116.279
	=	0.41

Teck Resources's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(529.219	+	7738.521)	/	20116.279
	=	0.41

Teck Resources (NYSE:TECK) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Teck Resources Debt-to-Equity Related Terms

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Teck Resources (Teck Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Teck Resources Ltd (NYSE:TECK) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TCKRF:USA TECK:Mexico TEKB:Germany TECK.B:Canada TECK.A:Canada

Address

550 Burrard Street, Suite 3300, Vancouver, BC, CAN, V6C 0B3

Website

https://www.teck.com

Teck is a diversified miner with coal, copper, and zinc operations in Canada, the United States, Chile, and Peru. Metallurgical coal is Teck's primary commodity in terms of EBITDA contribution, followed by copper and zinc. Teck is the world's second-largest exporter of seaborne metallurgical coal and is a top-three zinc miner. Its major new copper mine in Chile at the majority-owned Quebrada Blanca 2, in partnership with Sumitomo, will drive an increase in Teck's attributable copper production by roughly 80%. Along with a number of additional copper growth options, Teck's strategy is to rebalance its portfolio to low carbon metals such as copper. It sold its oil sands business in early 2023 and has agreed to sell its coal business, with the deal likely closing in the third quarter of 2024.