Teck Total Assets vs Cash And Short Term Investments Analysis
TECK Stock | USD 52.05 0.66 1.28% |
Teck Resources financial indicator trend analysis is much more than just breaking down Teck Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Teck Resources is a good investment. Please check the relationship between Teck Resources Total Assets and its Cash And Short Term Investments accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Teck Resources Ltd. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.
Total Assets vs Cash And Short Term Investments
Total Assets vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Teck Resources Total Assets account and Cash And Short Term Investments. At this time, the significance of the direction appears to have no relationship.
The correlation between Teck Resources' Total Assets and Cash And Short Term Investments is 0.04. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Teck Resources Ltd, assuming nothing else is changed. The correlation between historical values of Teck Resources' Total Assets and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of Teck Resources Ltd are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Total Assets i.e., Teck Resources' Total Assets and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.04 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
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.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 Ltd 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 indicators from Teck Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 fundamental ratios indicators, 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 Ltd. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. At this time, Teck Resources' Selling General Administrative is quite stable compared to the past year. Sales General And Administrative To Revenue is expected to rise to 0.03 this year, although the value of Issuance Of Capital Stock will most likely fall to about 80.1 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 5M | 20M | 874M | 917.7M | Depreciation And Amortization | 1.2B | 1.5B | 2.1B | 2.2B |
Teck Resources fundamental ratios Correlations
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Teck Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Teck Resources fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 39.4B | 41.3B | 47.4B | 52.4B | 56.2B | 59.0B | |
Short Long Term Debt Total | 5.7B | 7.9B | 9.3B | 10.0B | 11.1B | 11.6B | |
Other Current Liab | 1.2B | 544M | 135M | 730M | 2.8B | 3.0B | |
Total Current Liabilities | 2.8B | 3.2B | 3.8B | 5.9B | 5.9B | 6.2B | |
Total Stockholder Equity | 21.3B | 20.0B | 23.0B | 25.5B | 27.0B | 28.3B | |
Property Plant And Equipment Net | 31.4B | 33.6B | 37.4B | 40.1B | 45.6B | 47.8B | |
Net Debt | 4.7B | 7.4B | 7.9B | 8.1B | 10.3B | 10.9B | |
Retained Earnings | 14.4B | 13.4B | 16.3B | 18.1B | 19.6B | 20.6B | |
Accounts Payable | 1.3B | 2.9B | 3.3B | 4.4B | 2.3B | 1.2B | |
Cash | 1.0B | 450M | 1.4B | 1.9B | 744M | 1.4B | |
Non Current Assets Total | 34.9B | 37.3B | 41.3B | 44.1B | 49.7B | 52.2B | |
Non Currrent Assets Other | 764M | 782M | 998M | 173M | 1.1B | 1.1B | |
Cash And Short Term Investments | 1.0B | 450M | 1.4B | 1.9B | 744M | 1.4B | |
Net Receivables | 1.2B | 1.3B | 2.0B | 1.6B | 2.2B | 2.3B | |
Common Stock Shares Outstanding | 559.8M | 534.4M | 540.3M | 535.9M | 525.3M | 475.0M | |
Liabilities And Stockholders Equity | 39.4B | 41.3B | 47.4B | 52.4B | 56.2B | 59.0B | |
Non Current Liabilities Total | 14.5B | 17.3B | 19.8B | 20.0B | 22.0B | 23.1B | |
Inventory | 2.0B | 1.9B | 2.4B | 2.7B | 2.9B | 3.1B | |
Other Current Assets | 331M | 352M | 299M | 540M | 585M | 614.3M | |
Other Stockholder Equity | 219M | 242M | 253M | 207M | 213M | 202.4M | |
Total Liab | 17.3B | 20.6B | 23.6B | 25.8B | 27.9B | 29.3B | |
Property Plant And Equipment Gross | 31.4B | 33.6B | 58.3B | 62.7B | 68.9B | 72.3B | |
Total Current Assets | 4.5B | 4B | 6.1B | 8.3B | 6.5B | 3.8B | |
Accumulated Other Comprehensive Income | 309M | 247M | 202M | 1.1B | 693M | 727.7M | |
Short Term Debt | 189M | 234M | 340M | 748M | 710M | 461.3M | |
Common Stock Total Equity | 6.6B | 6.6B | 6.3B | 6.1B | 7.1B | 4.6B | |
Common Stock | 6.3B | 6.1B | 6.2B | 6.1B | 6.5B | 5.0B | |
Other Liab | 8.9B | 9.7B | 10.8B | 10.7B | 12.3B | 12.9B | |
Net Tangible Assets | 20.0B | 18.6B | 21.5B | 24.0B | 27.5B | 28.9B | |
Other Assets | 975M | 1.1B | 1.2B | 950M | 1.1B | 742.9M | |
Long Term Debt | 5.0B | 7.1B | 8.4B | 8.8B | 9.5B | 5.4B | |
Good Will | 1.1B | 1.1B | 1.1B | 1.1B | 1.1B | 1.0B | |
Long Term Investments | 1.3B | 2.3B | 2.6B | 1.5B | 1.5B | 1.6B | |
Short Long Term Debt | 29M | 115M | 213M | 616M | 515M | 422.5M | |
Intangible Assets | 162M | 309M | 395M | 400M | 345M | 416.4M | |
Property Plant Equipment | 31.4B | 33.6B | 37.4B | 40.1B | 46.1B | 48.4B | |
Current Deferred Revenue | 67M | 46M | (442M) | 30M | 27M | 34.4M |
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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Teck Resources Ltd. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. Note that the Teck Resources information on this page should be used as a complementary analysis to other Teck Resources' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
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When running Teck Resources' price analysis, check to measure Teck Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Teck Resources is operating at the current time. Most of Teck Resources' value examination focuses on studying past and present price action to predict the probability of Teck Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Teck Resources' price. Additionally, you may evaluate how the addition of Teck Resources to your portfolios can decrease your overall portfolio volatility.
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Is Teck Resources' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Teck Resources. If investors know Teck will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Teck Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.70) | Dividend Share 0.5 | Earnings Share 2.3 | Revenue Per Share 29.329 | Quarterly Revenue Growth 0.054 |
The market value of Teck Resources is measured differently than its book value, which is the value of Teck that is recorded on the company's balance sheet. Investors also form their own opinion of Teck Resources' value that differs from its market value or its book value, called intrinsic value, which is Teck Resources' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Teck Resources' market value can be influenced by many factors that don't directly affect Teck Resources' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Teck Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Teck Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Teck Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.