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Teck Resources (FRA:TEKB) Equity-to-Asset : 0.56 (As of Sep. 2024)


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What is Teck Resources Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Teck Resources's Total Stockholders Equity for the quarter that ended in Sep. 2024 was €16,537 Mil. Teck Resources's Total Assets for the quarter that ended in Sep. 2024 was €29,587 Mil. Therefore, Teck Resources's Equity to Asset Ratio for the quarter that ended in Sep. 2024 was 0.56.

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

FRA:TEKB' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.45   Med: 0.5   Max: 0.58
Current: 0.56

During the past 13 years, the highest Equity to Asset Ratio of Teck Resources was 0.58. The lowest was 0.45. And the median was 0.50.

FRA:TEKB's Equity-to-Asset is ranked worse than
66.48% of 2685 companies
in the Metals & Mining industry
Industry Median: 0.78 vs FRA:TEKB: 0.56

Teck Resources Equity-to-Asset Historical Data

The historical data trend for Teck Resources's Equity-to-Asset 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 Equity-to-Asset Chart

Teck Resources Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.54 0.49 0.49 0.49 0.48

Teck Resources Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.49 0.48 0.45 0.45 0.56

Competitive Comparison of Teck Resources's Equity-to-Asset

For the Other Industrial Metals & Mining subindustry, Teck Resources's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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's Equity-to-Asset Distribution in the Metals & Mining Industry

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

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



Teck Resources Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

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

Equity to Asset (A: Dec. 2023 )=Total Stockholders Equity/Total Assets
=18446.628/38408.602
=0.48

Teck Resources's Equity to Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

Equity to Asset (Q: Sep. 2024 )=Total Stockholders Equity/Total Assets
=16537.401/29587.467
=0.56

* 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.


Teck Resources  (FRA:TEKB) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.


Teck Resources Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of Teck Resources's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Teck Resources Business Description

Address
550 Burrard Street, Suite 3300, Vancouver, BC, CAN, V6C 0B3
Teck is a base metals miner with copper and zinc operations in Canada, the United States, Chile, and Peru. After selling its metallurgical coal business, copper is now its major commodity by EBITDA contribution, followed by zinc. Teck 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 75%. 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 its coal business in mid-2024.

Teck Resources Headlines

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