Teck Property Plant Equipment vs Long Term Debt Analysis

TECK-B Stock

CAD 59.21 0.29 0.49%

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 Property Plant Equipment and its Long Term Debt accounts. 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.

Property Plant Equipment vs Long Term Debt

Property Plant Equipment vs Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Teck Resources Property Plant Equipment account and Long Term Debt. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Teck Resources' Property Plant Equipment and Long Term Debt is 0.52. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Teck Resources Limited, assuming nothing else is changed. The correlation between historical values of Teck Resources' Property Plant Equipment and Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant Equipment of Teck Resources Limited are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Property Plant Equipment i.e., Teck Resources' Property Plant Equipment and Long Term Debt go up and down completely randomly.

Correlation Coefficient

0.52

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Property Plant Equipment

Long Term Debt

Long-term debt is a debt that Teck Resources has held for over one year. Long-term debt appears on Teck Resources Limited balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Teck Resources Limited balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

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 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' Enterprise Value Over EBITDA is projected to increase slightly based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 8.07, whereas Selling General Administrative is forecasted to decline to about 251.3 M.

	2022	2023	2024	2025 (projected)
Total Revenue	17.3B	15.0B	17.3B	18.1B
Depreciation And Amortization	1.8B	1.9B	2.2B	2.3B

Total Revenue Depreciation And Amortization

Teck Resources fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Current Deferred Revenue	Common Stock	Short Term Investments	Good Will
Total Assets		0.92	0.81	0.94	0.99	0.99	0.9	0.98	0.95	-0.06	1.0	0.32	-0.06	0.96	0.53	0.98	0.99	0.51	-0.51	0.99	0.59	0.79	0.05	0.73	-0.61	0.01
Short Long Term Debt Total	0.92		0.72	0.84	0.87	0.91	0.94	0.84	0.83	0.03	0.91	0.29	0.04	0.93	0.53	0.97	0.9	0.41	-0.56	0.96	0.57	0.74	0.04	0.73	-0.59	0.11
Other Current Liab	0.81	0.72		0.85	0.79	0.8	0.71	0.8	0.78	-0.08	0.8	-0.04	-0.08	0.68	0.34	0.77	0.8	0.87	-0.31	0.81	0.62	0.79	-0.06	0.46	-0.46	-0.05
Total Current Liabilities	0.94	0.84	0.85		0.9	0.94	0.88	0.94	0.98	-0.23	0.94	0.31	-0.23	0.89	0.23	0.89	0.94	0.65	-0.24	0.94	0.47	0.91	0.02	0.46	-0.33	-0.2
Total Stockholder Equity	0.99	0.87	0.79	0.9		0.98	0.84	0.99	0.92	-0.03	0.98	0.33	-0.03	0.93	0.58	0.96	0.98	0.49	-0.55	0.96	0.6	0.74	0.09	0.76	-0.65	0.04
Property Plant And Equipment Net	0.99	0.91	0.8	0.94	0.98		0.92	0.98	0.96	-0.16	1.0	0.35	-0.15	0.95	0.48	0.98	0.98	0.5	-0.45	0.99	0.52	0.79	0.0	0.69	-0.57	-0.06
Net Debt	0.9	0.94	0.71	0.88	0.84	0.92		0.84	0.9	-0.3	0.92	0.38	-0.3	0.9	0.35	0.93	0.88	0.44	-0.31	0.94	0.36	0.75	-0.11	0.57	-0.43	-0.17
Retained Earnings	0.98	0.84	0.8	0.94	0.99	0.98	0.84		0.96	-0.11	0.98	0.32	-0.11	0.92	0.46	0.93	0.99	0.52	-0.43	0.96	0.55	0.79	0.07	0.66	-0.55	-0.04
Accounts Payable	0.95	0.83	0.78	0.98	0.92	0.96	0.9	0.96		-0.29	0.96	0.36	-0.29	0.92	0.26	0.9	0.96	0.55	-0.23	0.94	0.42	0.84	0.0	0.5	-0.36	-0.26
Cash	-0.06	0.03	-0.08	-0.23	-0.03	-0.16	-0.3	-0.11	-0.29		-0.14	-0.34	1.0	-0.02	0.44	-0.02	-0.06	-0.16	-0.67	-0.07	0.52	-0.12	0.44	0.36	-0.37	0.83
Non Current Assets Total	1.0	0.91	0.8	0.94	0.98	1.0	0.92	0.98	0.96	-0.14		0.35	-0.14	0.95	0.5	0.98	0.99	0.49	-0.47	0.99	0.53	0.78	0.01	0.7	-0.58	-0.04
Non Currrent Assets Other	0.32	0.29	-0.04	0.31	0.33	0.35	0.38	0.32	0.36	-0.34	0.35		-0.34	0.35	0.2	0.29	0.33	-0.04	-0.09	0.3	0.03	0.22	0.35	0.3	-0.12	-0.23
Cash And Short Term Investments	-0.06	0.04	-0.08	-0.23	-0.03	-0.15	-0.3	-0.11	-0.29	1.0	-0.14	-0.34		-0.02	0.44	-0.01	-0.06	-0.16	-0.67	-0.07	0.52	-0.12	0.44	0.36	-0.37	0.83
Net Receivables	0.96	0.93	0.68	0.89	0.93	0.95	0.9	0.92	0.92	-0.02	0.95	0.35	-0.02		0.49	0.97	0.95	0.38	-0.49	0.97	0.56	0.73	0.12	0.71	-0.55	0.0
Common Stock Shares Outstanding	0.53	0.53	0.34	0.23	0.58	0.48	0.35	0.46	0.26	0.44	0.5	0.2	0.44	0.49		0.58	0.47	0.09	-0.91	0.5	0.74	0.11	0.12	0.95	-0.96	0.57
Non Current Liabilities Total	0.98	0.97	0.77	0.89	0.96	0.98	0.93	0.93	0.9	-0.02	0.98	0.29	-0.01	0.97	0.58		0.96	0.45	-0.57	0.99	0.6	0.75	0.01	0.77	-0.66	0.07
Inventory	0.99	0.9	0.8	0.94	0.98	0.98	0.88	0.99	0.96	-0.06	0.99	0.33	-0.06	0.95	0.47	0.96		0.51	-0.47	0.98	0.58	0.81	0.1	0.68	-0.55	-0.01
Other Current Assets	0.51	0.41	0.87	0.65	0.49	0.5	0.44	0.52	0.55	-0.16	0.49	-0.04	-0.16	0.38	0.09	0.45	0.51		-0.05	0.51	0.46	0.62	0.04	0.16	-0.19	-0.26
Other Stockholder Equity	-0.51	-0.56	-0.31	-0.24	-0.55	-0.45	-0.31	-0.43	-0.23	-0.67	-0.47	-0.09	-0.67	-0.49	-0.91	-0.57	-0.47	-0.05		-0.49	-0.73	-0.16	-0.21	-0.91	0.89	-0.76
Total Liab	0.99	0.96	0.81	0.94	0.96	0.99	0.94	0.96	0.94	-0.07	0.99	0.3	-0.07	0.97	0.5	0.99	0.98	0.51	-0.49		0.58	0.81	0.01	0.71	-0.59	0.0
Total Current Assets	0.59	0.57	0.62	0.47	0.6	0.52	0.36	0.55	0.42	0.52	0.53	0.03	0.52	0.56	0.74	0.6	0.58	0.46	-0.73	0.58		0.47	0.31	0.72	-0.72	0.47
Short Term Debt	0.79	0.74	0.79	0.91	0.74	0.79	0.75	0.79	0.84	-0.12	0.78	0.22	-0.12	0.73	0.11	0.75	0.81	0.62	-0.16	0.81	0.47		0.08	0.31	-0.18	-0.1
Current Deferred Revenue	0.05	0.04	-0.06	0.02	0.09	0.0	-0.11	0.07	0.0	0.44	0.01	0.35	0.44	0.12	0.12	0.01	0.1	0.04	-0.21	0.01	0.31	0.08		0.14	-0.03	0.15
Common Stock	0.73	0.73	0.46	0.46	0.76	0.69	0.57	0.66	0.5	0.36	0.7	0.3	0.36	0.71	0.95	0.77	0.68	0.16	-0.91	0.71	0.72	0.31	0.14		-0.93	0.48
Short Term Investments	-0.61	-0.59	-0.46	-0.33	-0.65	-0.57	-0.43	-0.55	-0.36	-0.37	-0.58	-0.12	-0.37	-0.55	-0.96	-0.66	-0.55	-0.19	0.89	-0.59	-0.72	-0.18	-0.03	-0.93		-0.53
Good Will	0.01	0.11	-0.05	-0.2	0.04	-0.06	-0.17	-0.04	-0.26	0.83	-0.04	-0.23	0.83	0.0	0.57	0.07	-0.01	-0.26	-0.76	0.0	0.47	-0.1	0.15	0.48	-0.53

Click cells to compare fundamentals

Teck Resources Account Relationship Matchups

Teck Resources fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	41.3B	47.4B	52.4B	56.2B	64.6B	67.9B
Short Long Term Debt Total	7.9B	9.3B	10.0B	11.1B	12.8B	13.4B
Other Current Liab	1.5B	1.6B	3.1B	1.7B	1.9B	2.0B
Total Current Liabilities	3.2B	3.8B	5.9B	5.9B	6.8B	7.1B
Total Stockholder Equity	20.0B	23.0B	25.5B	27.0B	31.0B	32.6B
Property Plant And Equipment Net	33.6B	37.4B	40.1B	45.6B	52.4B	55.0B
Net Debt	7.4B	7.9B	8.1B	10.3B	11.9B	12.5B
Retained Earnings	13.4B	16.3B	18.1B	19.6B	22.6B	23.7B
Accounts Payable	1.4B	1.7B	1.9B	2.3B	2.7B	2.8B
Cash	450M	1.4B	1.9B	744M	855.6M	1.4B
Non Current Assets Total	37.3B	41.3B	44.1B	49.7B	57.2B	60.0B
Non Currrent Assets Other	115M	164M	173M	1.1B	1.0B	608.8M
Cash And Short Term Investments	450M	1.4B	1.9B	744M	855.6M	1.4B
Net Receivables	1.3B	2.0B	1.6B	2.2B	2.5B	2.6B
Common Stock Shares Outstanding	534.4M	540.3M	535.9M	525.3M	604.1M	475.2M
Liabilities And Stockholders Equity	41.3B	47.4B	52.4B	56.2B	64.6B	67.9B
Non Current Liabilities Total	17.3B	19.8B	20.0B	22.0B	25.3B	26.6B
Inventory	1.9B	2.4B	2.7B	2.9B	3.4B	3.6B
Other Current Assets	352M	299M	2.1B	585M	672.8M	706.4M
Other Stockholder Equity	242M	253M	207M	213M	191.7M	182.1M
Total Liab	20.6B	23.6B	25.8B	27.9B	32.1B	33.7B
Total Current Assets	4B	6.1B	8.3B	6.5B	7.4B	3.8B
Accumulated Other Comprehensive Income	247M	202M	1.1B	693M	797.0M	836.8M
Short Term Debt	234M	340M	748M	710M	816.5M	734.0M
Current Deferred Revenue	46M	(442M)	30M	27M	24.3M	18.7M
Common Stock	6.1B	6.2B	6.1B	6.5B	7.4B	6.7B
Good Will	1.1B	1.1B	1.1B	1.1B	997.2M	1.0B
Intangible Assets	309M	395M	400M	345M	396.8M	416.6M
Other Liab	8.9B	9.7B	10.8B	10.7B	12.3B	9.5B
Net Tangible Assets	20.0B	18.6B	21.5B	24.0B	27.5B	20.9B
Other Assets	975M	1.1B	1.2B	950M	1.1B	967.2M
Long Term Debt	7.1B	8.4B	8.8B	9.5B	10.9B	8.4B
Long Term Investments	2.3B	2.6B	2.6B	1.5B	1.7B	1.6B
Short Long Term Debt	115M	213M	616M	515M	463.5M	714.6M
Property Plant Equipment	31.4B	33.6B	37.4B	40.1B	46.1B	34.5B
Non Current Liabilities Other	131M	351M	3.5B	681M	783.2M	665.0M
Capital Lease Obligations	692M	694M	571M	1.1B	1.2B	682.2M
Net Invested Capital	27.2B	31.6B	34.9B	37.0B	42.6B	33.1B

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.

Moving together with Teck Stock

0.73	ORE	Orezone Gold Corp	Pair Corr
0.7	FDY	Faraday Copper Corp	Pair Corr

Moving against Teck Stock

0.75	FDR	Flinders Resources	Pair Corr
0.64	RBA	Ritchie Bros Auctioneers	Pair Corr
0.55	DAY	Dayforce	Pair Corr

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 Correlation Correlation 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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Teck Property Plant Equipment vs Long Term Debt Analysis

Property Plant Equipment vs Long Term Debt

Property Plant Equipment vs Long Term Debt Correlation Analysis

Correlation Coefficient

Property Plant Equipment

Long Term Debt

Teck Resources fundamental ratios Correlations

Teck Resources Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Teck Resources fundamental ratios Accounts

Pair Trading with Teck Resources

Moving together with Teck Stock

Moving against Teck Stock

Other Information on Investing in Teck Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Total Stockholder Equity	+ 0.99	Total Assets
Property Plant And Equipment Net	+ 0.99	Total Assets
Inventory	+ 0.99	Total Assets

Short Term Investments	- 0.96	Common Stock Shares Outstanding
Short Term Investments	- 0.93	Common Stock
Common Stock	- 0.91	Other Stockholder Equity
Other Stockholder Equity	- 0.91	Common Stock Shares Outstanding
Good Will	- 0.76	Other Stockholder Equity
Total Current Assets	- 0.73	Other Stockholder Equity