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Turquoise Hill Resources Ltd. (TRQ)
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Turquoise Hill Resources Ltd. Balance Sheet 2021-2008 | TRQ
Brief overview of Turquoise Hill Resources Ltd.'s assets and capital
This overview follows the five latest available annual observations between 2017 and 2021.
Across five periods, assets reached $14.1 billion versus $12.8 billion initially. Growth of +10.1% reflects gradual development.
Assets and liabilities changed at similar rates, +10.1% and +4.2%. The funding mix did not shift sharply.
The equity-to-assets ratio is 64.5%, compared with 62.5% five periods ago. The balance sheet has a substantial internal cushion.
The period ended with net cash: net debt stood at -$668.9 million. This supports financial flexibility.
Cash represents 4.9% of assets versus 11.3% initially, showing how the immediate liquidity reserve changed.
Retained earnings remain negative at -$2.9 billion. This may reflect past losses or substantial shareholder distributions, so earnings and buybacks provide important context.
Conclusion
Turquoise Hill Resources Ltd. retains a reasonably healthy balance sheet structure, which still needs support from earnings and cash flow.
Annual Balance Sheet Turquoise Hill Resources Ltd.
| 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
-669 M | -1.11 B | -1.63 B | -1.59 B | 2.71 B | 2.72 B | -1.33 B | -849 M | 40.8 M | -1.01 B | -686 M | -1.02 B | -421 M | - |
Long Term Debt |
15.6 M | 16.1 M | 17.2 M | 12.1 M | 4.16 B | 4.14 B | 13.6 M | 14.1 M | 97.1 M | 102 M | 142 M | 248 M | 545 M | - |
Long Term Debt Current |
9.86 M | 721 K | 4.37 M | - | - | - | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
4.08 B | 4.42 B | 4.37 B | 4.37 B | 4.31 B | 4.27 B | -548 M | -397 M | 744 M | 241 M | 677 M | - | - | - |
Total Current Liabilities |
- | - | - | - | - | - | - | 517 M | 2.89 B | 2.78 B | 767 M | 1.05 B | 456 M | - |
Total Liabilities |
5.02 B | 4.94 B | 4.89 B | 4.9 B | 4.81 B | 4.56 B | -274 M | 591 M | 4.02 B | 3.01 B | 1.43 B | 1.4 B | 1.06 B | - |
Deferred Revenue |
- | 103 M | 534 M | 649 M | 474 M | 296 M | 165 M | 140 M | 107 M | 47.6 M | - | - | - | - |
Retained Earnings |
-2.89 B | -3.42 B | -3.82 B | -3.67 B | -4.08 B | -4.26 B | -4.47 B | -5.7 B | -5.74 B | -4.61 B | -3.51 B | -2.92 B | -1.8 B | - |
Total Assets |
14.1 B | 13.4 B | 12.8 B | 13.3 B | 12.8 B | 12.5 B | 8.24 B | 8.17 B | 8.6 B | 9.09 B | 6.14 B | 3.22 B | 1.53 B | - |
Cash and Cash Equivalents |
694 M | 1.12 B | 1.65 B | 1.6 B | 1.44 B | 1.42 B | - | 863 M | 56.3 M | 1.12 B | 828 M | 1.26 B | 966 M | 384 M |
Book Value |
9.11 B | 8.43 B | 7.93 B | 8.41 B | 8.02 B | 7.9 B | 8.51 B | 7.58 B | 4.58 B | 6.08 B | 4.71 B | 1.82 B | 479 M | - |
Total Shareholders Equity |
9.11 B | 8.43 B | 7.93 B | 8.41 B | 8.02 B | 7.9 B | - | 8.24 B | 4.96 B | 6.07 B | 4.7 B | 1.81 B | 478 M | 317 M |
Annual performance
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All numbers in USD currency
Quarterly Balance Sheet Turquoise Hill Resources Ltd.
| 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | 2010-Q4 | 2009-Q4 | 2008-Q4 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Term Debt |
- | - | - | - | 15.6 M | - | - | - | 16.1 M | - | - | - | 17.2 M | - | - | - | 12.1 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 97.1 M | - | - | - | 102 M | - | - | - | 142 M | - | - | - | 248 M | 545 M | - |
Total Non Current Liabilities |
- | - | - | - | 4.08 B | - | - | - | 4.42 B | - | - | - | 4.37 B | - | - | - | 4.37 B | - | - | - | 4.31 B | - | - | - | 4.27 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Liabilities |
- | - | - | - | 5.02 B | - | - | - | 4.94 B | - | - | - | 4.89 B | - | - | - | 4.9 B | - | - | - | 4.81 B | - | - | - | 4.56 B | - | - | - | - | - | - | - | 591 M | - | - | - | 4.02 B | - | - | - | 3.01 B | - | - | - | 1.43 B | - | - | - | 1.4 B | 1.06 B | - |
Deferred Revenue |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 140 M | - | - | - | 107 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Retained Earnings |
- | - | - | - | -2.89 B | - | - | - | -3.42 B | - | - | - | -3.82 B | - | - | - | -3.67 B | - | - | - | -4.08 B | - | - | - | -4.26 B | - | - | - | - | - | - | - | -5.7 B | - | - | - | -5.74 B | - | - | - | -4.61 B | - | - | - | -3.51 B | - | - | - | -2.92 B | -1.8 B | - |
Total Assets |
- | - | - | - | 14.1 B | - | - | - | 13.4 B | - | - | - | 12.8 B | - | - | - | 13.3 B | - | - | - | 12.8 B | - | - | - | 12.5 B | - | - | - | - | - | - | - | 8.17 B | - | - | - | 8.6 B | - | - | - | 9.09 B | - | - | - | 6.14 B | - | - | - | 3.22 B | 1.53 B | - |
Cash and Cash Equivalents |
- | - | - | - | 694 M | - | - | - | 1.12 B | - | - | - | 1.65 B | - | - | - | 1.6 B | - | - | - | 1.44 B | - | - | - | 1.42 B | - | - | - | 1.34 B | - | - | - | 863 M | - | - | - | 56.3 M | - | - | - | 1.12 B | - | - | - | 828 M | - | - | - | 1.26 B | 966 M | 384 M |
Book Value |
- | - | - | - | 9.11 B | - | - | - | 8.43 B | - | - | - | 7.93 B | - | - | - | 8.41 B | - | - | - | 8.02 B | - | - | - | 7.9 B | - | - | - | - | - | - | - | 7.58 B | - | - | - | 4.58 B | - | - | - | 6.08 B | - | - | - | 4.71 B | - | - | - | 1.82 B | 479 M | - |
Total Shareholders Equity |
- | - | - | - | 9.11 B | - | - | - | 8.43 B | - | - | - | 7.93 B | - | - | - | 8.41 B | - | - | - | 8.02 B | - | - | - | 7.9 B | - | - | - | 7.8 B | - | - | - | 8.24 B | - | - | - | 4.96 B | - | - | - | 6.07 B | - | - | - | 4.7 B | - | - | - | 1.81 B | 478 M | 317 M |
Quarterly performance
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All numbers in USD currency
Balance Sheet is a fundamental financial report of Turquoise Hill Resources Ltd., providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.
For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.
Features of balance sheet analysis- Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods. - Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability. - Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.
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