TC Energy Balance Sheet Health
Financial Health criteria checks 1/6
TC Energy has a total shareholder equity of CA$38.4B and total debt of CA$62.1B, which brings its debt-to-equity ratio to 161.5%. Its total assets and total liabilities are CA$120.5B and CA$82.1B respectively. TC Energy's EBIT is CA$5.9B making its interest coverage ratio 2.1. It has cash and short-term investments of CA$2.5B.
Key information
161.46%
Debt to equity ratio
CA$62.06b
Debt
| Interest coverage ratio | 2.1x |
| Cash | CA$2.48b |
| Equity | CA$38.44b |
| Total liabilities | CA$82.11b |
| Total assets | CA$120.55b |
Recent financial health updates
Does TC Energy (TSE:TRP) Have A Healthy Balance Sheet?
Apr 26
Does TC Energy (TSE:TRP) Have A Healthy Balance Sheet?
Aug 01Recent updates
Here's Why We Think TC Energy (TSE:TRP) Might Deserve Your Attention Today
Jul 15TC Energy's (TSE:TRP) Earnings Are Weaker Than They Seem
May 08It's Unlikely That TC Energy Corporation's (TSE:TRP) CEO Will See A Huge Pay Rise This Year
May 01Does TC Energy (TSE:TRP) Have A Healthy Balance Sheet?
Apr 26Here's Why We Think TC Energy (TSE:TRP) Might Deserve Your Attention Today
Mar 24TC Energy Corporation (TSE:TRP) Investors Are Less Pessimistic Than Expected
Jan 29
Analysts Project Shrinking Profits Amid Heavy Capital Spend And Market Skepticism
Upcoming project completions aim to boost revenue through increased capacity and services amid rising natural gas demand.TC Energy Corporation (TSE:TRP) Not Flying Under The Radar
Sep 15Calculating The Fair Value Of TC Energy Corporation (TSE:TRP)
Aug 30TC Energy Corporation Just Beat Revenue By 7.4%: Here's What Analysts Think Will Happen Next
Aug 05Does TC Energy (TSE:TRP) Have A Healthy Balance Sheet?
Aug 01Financial Position Analysis
Short Term Liabilities: TRP's short term assets (CA$7.3B) do not cover its short term liabilities (CA$10.3B).
Long Term Liabilities: TRP's short term assets (CA$7.3B) do not cover its long term liabilities (CA$71.8B).
Debt to Equity History and Analysis
Debt Level: TRP's net debt to equity ratio (155%) is considered high.
Reducing Debt: TRP's debt to equity ratio has reduced from 163.6% to 161.5% over the past 5 years.
Debt Coverage: TRP's debt is not well covered by operating cash flow (11.3%).
Interest Coverage: TRP's interest payments on its debt are not well covered by EBIT (2.1x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/07/17 04:27 |
| End of Day Share Price | 2025/07/17 00:00 |
| Earnings | 2025/03/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
TC Energy Corporation is covered by 42 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Harshit Gupta | Accountability Research Corporation |
| Nathan Heywood | ATB Capital Markets |
| Theresa Chen | Barclays |