Teck Long Term Investments vs Common Stock Analysis
TECK Stock | USD 44.99 0.39 0.86% |
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 Long Term Investments and its Common Stock 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 closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
Long Term Investments vs Common Stock
Long Term Investments vs Common Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Teck Resources Long Term Investments account and Common Stock. At this time, the significance of the direction appears to have very week relationship.
The correlation between Teck Resources' Long Term Investments and Common Stock is 0.2. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Common Stock 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' Long Term Investments and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Investments of Teck Resources Ltd are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Long Term Investments i.e., Teck Resources' Long Term Investments and Common Stock go up and down completely randomly.
Correlation Coefficient | 0.2 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Long Term Investments
Long Term Investments is an item on the asset side of Teck Resources balance sheet that represents investments Teck Resources intends to hold for over a year. Teck Resources Ltd long term investments may include different instruments such as stocks, bonds, real estate and cash.Common Stock
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 closely tied 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. Enterprise Value Over EBITDA is expected to rise to 8.07 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 | 191M | 191.3M | Depreciation And Amortization | 1.6B | 1.8B | 1.9B | 2.0B |
Teck Resources fundamental ratios Correlations
Click cells to compare fundamentals
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 | 1.5B | 1.6B | 3.1B | 1.7B | 1.8B | |
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 | 1.4B | 1.7B | 1.9B | 2.3B | 2.4B | |
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 | 1.2B | |
Cash And Short Term Investments | 1.0B | 450M | 1.4B | 1.9B | 744M | 1.4B | |
Net Receivables | 1.2B | 1.3B | 2.0B | 1.5B | 2.1B | 2.2B | |
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 | 366M | 305M | 2.2B | 679M | 713.0M | |
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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Is Diversified Metals & Mining space 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 (0.29) | Dividend Share 0.5 | Earnings Share 2.07 | Revenue Per Share 32.13 | Quarterly Revenue Growth 0.437 |
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.