Teck Total Assets vs Other Stockholder Equity Analysis

TECK-B Stock  CAD 64.94  0.46  0.71%   
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 Other Stockholder Equity 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.

Total Assets vs Other Stockholder Equity

Total Assets vs Other Stockholder Equity 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 Other Stockholder Equity. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Teck Resources' Total Assets and Other Stockholder Equity is -0.56. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Other Stockholder Equity 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' Total Assets and Other Stockholder Equity 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 Limited are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Total Assets i.e., Teck Resources' Total Assets and Other Stockholder Equity go up and down completely randomly.

Correlation Coefficient

-0.56
Relationship DirectionNegative 
Relationship StrengthVery Weak

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.

Other Stockholder Equity

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.
 2021 2022 2023 2024 (projected)
Total Revenue13.5B17.3B15.0B15.8B
Depreciation And Amortization1.6B1.8B1.9B2.0B

Teck Resources fundamental ratios Correlations

0.890.80.910.990.990.860.980.920.041.00.180.040.940.580.980.990.51-0.560.990.610.720.020.74-0.710.14
0.890.680.780.820.880.920.780.760.150.880.150.150.90.570.960.860.39-0.610.940.590.670.010.73-0.680.25
0.80.680.860.770.780.680.790.77-0.030.78-0.16-0.030.640.340.750.790.87-0.30.80.630.76-0.080.42-0.480.01
0.910.780.860.860.920.830.910.97-0.170.910.15-0.160.830.210.840.920.68-0.230.910.450.89-0.010.41-0.37-0.12
0.990.820.770.860.970.780.980.890.070.980.210.070.90.630.940.980.48-0.590.950.630.660.060.77-0.750.17
0.990.880.780.920.970.890.970.94-0.071.00.23-0.070.930.520.970.980.49-0.480.980.530.72-0.040.69-0.660.06
0.860.920.680.830.780.890.780.85-0.250.890.26-0.250.850.350.90.830.43-0.320.910.320.68-0.160.54-0.5-0.08
0.980.780.790.910.980.970.780.94-0.020.970.19-0.020.890.50.910.980.52-0.460.940.570.730.050.66-0.630.07
0.920.760.770.970.890.940.850.94-0.240.940.22-0.230.870.250.860.930.56-0.220.920.380.79-0.050.45-0.41-0.19
0.040.15-0.03-0.170.07-0.07-0.25-0.02-0.24-0.05-0.291.00.090.490.090.05-0.13-0.70.020.62-0.040.460.44-0.40.82
1.00.880.780.910.981.00.890.970.94-0.050.22-0.050.930.540.970.980.49-0.510.980.550.71-0.030.71-0.680.07
0.180.15-0.160.150.210.230.260.190.22-0.290.22-0.290.220.150.150.19-0.1-0.080.16-0.110.040.360.22-0.09-0.17
0.040.15-0.03-0.160.07-0.07-0.25-0.02-0.231.0-0.05-0.290.090.490.090.05-0.13-0.70.030.62-0.040.460.44-0.40.82
0.940.90.640.830.90.930.850.890.870.090.930.220.090.540.950.930.35-0.540.950.580.640.110.72-0.650.13
0.580.570.340.210.630.520.350.50.250.490.540.150.490.540.630.510.08-0.930.540.730.030.120.95-0.980.63
0.980.960.750.840.940.970.90.910.860.090.970.150.090.950.630.950.43-0.620.990.620.66-0.020.79-0.760.2
0.990.860.790.920.980.980.830.980.930.050.980.190.050.930.510.950.51-0.510.970.610.750.080.69-0.640.11
0.510.390.870.680.480.490.430.520.56-0.130.49-0.1-0.130.350.080.430.51-0.040.510.460.610.030.13-0.19-0.23
-0.56-0.61-0.3-0.23-0.59-0.48-0.32-0.46-0.22-0.7-0.51-0.08-0.7-0.54-0.93-0.62-0.51-0.04-0.54-0.76-0.14-0.2-0.930.9-0.79
0.990.940.80.910.950.980.910.940.920.020.980.160.030.950.540.990.970.51-0.540.60.74-0.020.71-0.680.13
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
0.020.01-0.08-0.010.06-0.04-0.160.05-0.050.46-0.030.360.460.110.12-0.020.080.03-0.2-0.020.310.060.13-0.030.16
0.740.730.420.410.770.690.540.660.450.440.710.220.440.720.950.790.690.13-0.930.710.70.220.13-0.970.56
-0.71-0.68-0.48-0.37-0.75-0.66-0.5-0.63-0.41-0.4-0.68-0.09-0.4-0.65-0.98-0.76-0.64-0.190.9-0.68-0.74-0.17-0.03-0.97-0.55
0.140.250.01-0.120.170.06-0.080.07-0.190.820.07-0.170.820.130.630.20.11-0.23-0.790.130.57-0.010.160.56-0.55
Click cells to compare fundamentals

Teck Resources Account Relationship Matchups

Teck Resources fundamental ratios 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.