TC Energy Balance Sheet Health

Financial Health criteria checks 0/6

TC Energy has a total shareholder equity of CA$39.7B and total debt of CA$64.7B, which brings its debt-to-equity ratio to 163%. Its total assets and total liabilities are CA$128.0B and CA$88.4B 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$4.5B.

Key information

163.0%

Debt to equity ratio

CA$64.67b

Debt

Interest coverage ratio2.2x
CashCA$4.52b
EquityCA$39.67b
Total liabilitiesCA$88.35b
Total assetsCA$128.03b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: TRS's short term assets (CA$11.9B) do not cover its short term liabilities (CA$12.7B).

Long Term Liabilities: TRS's short term assets (CA$11.9B) do not cover its long term liabilities (CA$75.6B).


Debt to Equity History and Analysis

Debt Level: TRS's net debt to equity ratio (151.6%) is considered high.

Reducing Debt: TRS's debt to equity ratio has increased from 161.7% to 163% over the past 5 years.

Debt Coverage: TRS's debt is not well covered by operating cash flow (11.2%).

Interest Coverage: TRS's interest payments on its debt are not well covered by EBIT (2.2x coverage).


Balance Sheet


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