TC Energy Balance Sheet Health
Financial Health criteria checks 1/6
TC Energy has a total shareholder equity of CA$39.0B and total debt of CA$63.2B, which brings its debt-to-equity ratio to 162.1%. Its total assets and total liabilities are CA$125.0B and CA$86.0B respectively. TC Energy's EBIT is CA$6.8B making its interest coverage ratio 2.2. It has cash and short-term investments of CA$4.9B.
Key information
162.1%
Debt to equity ratio
CA$63.25b
Debt
| Interest coverage ratio | 2.2x |
| Cash | CA$4.94b |
| Equity | CA$39.01b |
| Total liabilities | CA$86.03b |
| Total assets | CA$125.03b |
Recent financial health updates
TC Energy (TSE:TRP) Use Of Debt Could Be Considered Risky
Jan 27
TC Energy (TSE:TRP) Has No Shortage Of Debt
Sep 22Does TC Energy (TSE:TRP) Have A Healthy Balance Sheet?
Jun 21These 4 Measures Indicate That TC Energy (TSE:TRP) Is Using Debt In A Risky Way
Mar 07Here's Why TC Energy (TSE:TRP) Is Weighed Down By Its Debt Load
Nov 16Does TC Energy (TSE:TRP) Have A Healthy Balance Sheet?
May 30Recent updates
Slowing Rates Of Return At TC Energy (TSE:TRP) Leave Little Room For Excitement
Mar 31TC Energy (TSE:TRP) Will Pay A Larger Dividend Than Last Year At CA$0.96
Mar 15TC Energy (TSE:TRP) Use Of Debt Could Be Considered Risky
Jan 27Calculating The Fair Value Of TC Energy Corporation (TSE:TRP)
Jan 09TC Energy Corporation's (TSE:TRP) Shareholders Might Be Looking For Exit
Dec 22Returns On Capital At TC Energy (TSE:TRP) Have Hit The Brakes
Oct 19TC Energy (TSE:TRP) Has No Shortage Of Debt
Sep 22Calculating The Fair Value Of TC Energy Corporation (TSE:TRP)
Aug 09Returns On Capital At TC Energy (TSE:TRP) Have Stalled
Jul 09Does TC Energy (TSE:TRP) Have A Healthy Balance Sheet?
Jun 21TC Energy's (TSE:TRP) Shareholders Will Receive A Bigger Dividend Than Last Year
May 16TC Energy's (TSE:TRP) Dividend Will Be Increased To CA$0.93
May 02Returns On Capital At TC Energy (TSE:TRP) Have Stalled
Mar 25These 4 Measures Indicate That TC Energy (TSE:TRP) Is Using Debt In A Risky Way
Mar 07TC Energy's (TSE:TRP) Dividend Will Be Increased To CA$0.93
Feb 17Returns At TC Energy (TSE:TRP) Appear To Be Weighed Down
Dec 14Here's Why TC Energy (TSE:TRP) Is Weighed Down By Its Debt Load
Nov 16Calculating The Fair Value Of TC Energy Corporation (TSE:TRP)
Oct 12TC Energy Corporation's (TSE:TRP) Intrinsic Value Is Potentially 43% Above Its Share Price
Jul 11Does TC Energy (TSE:TRP) Have A Healthy Balance Sheet?
May 30Financial Position Analysis
Short Term Liabilities: TRP's short term assets (CA$11.4B) do not cover its short term liabilities (CA$11.8B).
Long Term Liabilities: TRP's short term assets (CA$11.4B) do not cover its long term liabilities (CA$74.2B).
Debt to Equity History and Analysis
Debt Level: TRP's net debt to equity ratio (149.5%) is considered high.
Reducing Debt: TRP's debt to equity ratio has reduced from 162.2% to 162.1% over the past 5 years.
Debt Coverage: TRP's debt is not well covered by operating cash flow (11.5%).
Interest Coverage: TRP's interest payments on its debt are not well covered by EBIT (2.2x coverage).