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
Does TC Energy (TSE:TRP) Have A Healthy Balance Sheet?
Aug 01
TC Energy (TSE:TRP) Seems To Be Using A Lot Of Debt
May 01TC Energy (TSE:TRP) Use Of Debt Could Be Considered Risky
Jan 27Recent updates
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 01Returns On Capital At TC Energy (TSE:TRP) Have Hit The Brakes
Jul 04With TC Energy Corporation (TSE:TRP) It Looks Like You'll Get What You Pay For
May 22TC Energy (TSE:TRP) Seems To Be Using A Lot Of Debt
May 01Slowing 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 22Financial Position Analysis
Short Term Liabilities: TRP's short term assets (CA$17.1B) exceed its short term liabilities (CA$13.1B).
Long Term Liabilities: TRP'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's net debt to equity ratio (166.4%) is considered high.
Reducing Debt: TRP's debt to equity ratio has increased from 155.6% to 178.9% over the past 5 years.
Debt Coverage: TRP's debt is not well covered by operating cash flow (10.3%).
Interest Coverage: TRP's interest payments on its debt are not well covered by EBIT (2.2x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/20 05:47 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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 here.
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 .
Analyst Sources
TC Energy Corporation is covered by 44 analysts. 11 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 |