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 ratio | 2.2x |
Cash | CA$4.52b |
Equity | CA$39.67b |
Total liabilities | CA$88.35b |
Total assets | CA$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).