Teck Historical Balance Sheet

TECK-B Stock  CAD 65.37  0.10  0.15%   
Trend analysis of Teck Resources Limited balance sheet accounts such as Total Stockholder Equity of 28.3 B, Property Plant And Equipment Net of 47.8 B, Net Debt of 10.9 B or Retained Earnings of 20.6 B provides information on Teck Resources' total assets, liabilities, and equity, which is the actual value of Teck Resources to its prevalent stockholders. By breaking down trends over time using Teck Resources balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
 
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Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
Financial Statement Analysis is much more than just reviewing and examining Teck Resources latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Teck Resources is a good buy for the upcoming year.

Teck Resources Inventory

3.09 Billion

  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Teck Resources Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

About Teck Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Teck Resources at a specified time, usually calculated after every quarter, six months, or one year. Teck Resources Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Teck Resources and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Teck currently owns. An asset can also be divided into two categories, current and non-current.

Teck Resources Balance Sheet Chart

At present, Teck Resources' Total Assets are projected to increase significantly based on the last few years of reporting. The current year's Short and Long Term Debt Total is expected to grow to about 11.6 B, whereas Non Currrent Assets Other are forecasted to decline to about 608.8 M.

Total Assets

Total assets refers to the total amount of Teck Resources assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Teck Resources books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on Teck Resources balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Teck Resources Limited are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Teck Resources balance sheet. This account contains Teck Resources investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Teck Resources Limited fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
Most accounts from Teck Resources' balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Teck Resources current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Teck Resources Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
At present, Teck Resources' Total Assets are projected to increase significantly based on the last few years of reporting. The current year's Short and Long Term Debt Total is expected to grow to about 11.6 B, whereas Non Currrent Assets Other are forecasted to decline to about 608.8 M.
 2021 2022 2023 2024 (projected)
Short and Long Term Debt Total9.3B10.0B11.1B11.6B
Total Assets47.4B52.4B56.2B59.0B

Teck Resources balance sheet Correlations

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0.610.590.630.450.630.530.320.570.380.620.55-0.110.620.580.730.620.610.46-0.760.60.40.310.7-0.740.57
0.720.670.760.890.660.720.680.730.79-0.040.710.04-0.040.640.030.660.750.61-0.140.740.40.060.22-0.17-0.01
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Click cells to compare fundamentals

Teck Resources Account Relationship Matchups

Teck Resources balance sheet Accounts

201920202021202220232024 (projected)
Total Assets39.4B41.3B47.4B52.4B56.2B59.0B
Short Long Term Debt Total5.7B7.9B9.3B10.0B11.1B11.6B
Other Current Liab1.2B1.5B1.6B3.1B1.7B1.7B
Total Current Liabilities2.8B3.2B3.8B5.9B5.9B6.2B
Total Stockholder Equity21.3B20.0B23.0B25.5B27.0B28.3B
Property Plant And Equipment Net31.4B33.6B37.4B40.1B45.6B47.8B
Net Debt4.7B7.4B7.9B8.1B10.3B10.9B
Retained Earnings14.4B13.4B16.3B18.1B19.6B20.6B
Accounts Payable1.3B1.4B1.7B1.9B2.3B2.4B
Cash1.0B450M1.4B1.9B744M1.4B
Non Current Assets Total34.9B37.3B41.3B44.1B49.7B52.2B
Non Currrent Assets Other764M115M164M173M1.1B608.8M
Cash And Short Term Investments1.0B450M1.4B1.9B744M1.4B
Net Receivables1.2B1.3B2.0B1.6B2.2B2.3B
Common Stock Shares Outstanding559.8M534.4M540.3M535.9M525.3M475.2M
Liabilities And Stockholders Equity39.4B41.3B47.4B52.4B56.2B59.0B
Non Current Liabilities Total14.5B17.3B19.8B20.0B22.0B23.1B
Inventory2.0B1.9B2.4B2.7B2.9B3.1B
Other Current Assets331M352M299M2.1B585M614.3M
Other Stockholder Equity219M242M253M207M213M202.4M
Total Liab17.3B20.6B23.6B25.8B27.9B29.3B
Total Current Assets4.5B4B6.1B8.3B6.5B3.8B
Accumulated Other Comprehensive Income309M247M202M1.1B693M727.7M
Short Term Debt189M234M340M748M710M734.0M
Current Deferred Revenue67M46M(442M)30M27M18.7M
Common Stock6.3B6.1B6.2B6.1B6.5B6.7B
Good Will1.1B1.1B1.1B1.1B1.1B1.0B
Intangible Assets162M309M395M400M345M194.6M
Other Liab8.9B9.7B10.8B10.7B12.3B9.5B
Net Tangible Assets20.0B18.6B21.5B24.0B27.5B20.9B
Other Assets975M1.1B1.2B950M1.1B967.2M
Long Term Debt5.0B7.1B8.4B8.8B9.5B8.4B
Long Term Investments1.3B2.3B2.6B2.6B1.5B1.6B
Short Long Term Debt29M115M213M616M515M714.6M
Property Plant Equipment31.4B33.6B37.4B40.1B46.1B34.5B
Non Current Liabilities Other20M131M351M3.5B681M665.0M
Capital Lease Obligations672M692M694M571M1.1B682.2M
Net Invested Capital26.4B27.2B31.6B34.9B37.0B33.1B

Pair Trading with Teck Resources

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Teck Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Teck Resources will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Teck Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Teck Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Teck Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Teck Resources Limited to buy it.
The correlation of Teck Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Teck Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Teck Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Teck Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in Teck Stock

Balance Sheet is a snapshot of the financial position of Teck Resources at a specified time, usually calculated after every quarter, six months, or one year. Teck Resources Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Teck Resources and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Teck currently owns. An asset can also be divided into two categories, current and non-current.