TC Energy Balance Sheet Health
Financial Health criteria checks 1/6
TC Energy has a total shareholder equity of CA$40.5B and total debt of CA$72.4B, which brings its debt-to-equity ratio to 178.9%. Its total assets and total liabilities are CA$135.3B and CA$94.8B respectively. TC Energy's EBIT is CA$6.9B making its interest coverage ratio 2.2. It has cash and short-term investments of CA$5.0B.
Key information
178.9%
Debt to equity ratio
CA$72.41b
Debt
| Interest coverage ratio | 2.2x |
| Cash | CA$5.04b |
| Equity | CA$40.48b |
| Total liabilities | CA$94.82b |
| Total assets | CA$135.29b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TRP.PRI's short term assets (CA$17.1B) exceed its short term liabilities (CA$13.1B).
Long Term Liabilities: TRP.PRI's short term assets (CA$17.1B) do not cover its long term liabilities (CA$81.7B).
Debt to Equity History and Analysis
Debt Level: TRP.PRI's net debt to equity ratio (166.4%) is considered high.
Reducing Debt: TRP.PRI's debt to equity ratio has increased from 155.6% to 178.9% over the past 5 years.
Debt Coverage: TRP.PRI's debt is not well covered by operating cash flow (10.3%).
Interest Coverage: TRP.PRI's interest payments on its debt are not well covered by EBIT (2.2x coverage).