TC Energy Balance Sheet Health
Financial Health criteria checks 0/6
TC Energy has a total shareholder equity of CA$40.5B and total debt of CA$65.1B, which brings its debt-to-equity ratio to 160.8%. Its total assets and total liabilities are CA$128.0B and CA$87.5B 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$3.3B.
Key information
160.8%
Debt to equity ratio
CA$65.13b
Debt
| Interest coverage ratio | 2.2x |
| Cash | CA$3.30b |
| Equity | CA$40.49b |
| Total liabilities | CA$87.47b |
| Total assets | CA$127.97b |
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 27TC 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 07Recent updates
Calculating 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 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 12Financial Position Analysis
Short Term Liabilities: TRP's short term assets (CA$10.5B) do not cover its short term liabilities (CA$13.8B).
Long Term Liabilities: TRP's short term assets (CA$10.5B) do not cover its long term liabilities (CA$73.7B).
Debt to Equity History and Analysis
Debt Level: TRP's net debt to equity ratio (152.7%) is considered high.
Reducing Debt: TRP's debt to equity ratio has increased from 157.4% to 160.8% 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 (2.2x coverage).