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
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TRS's short term assets (CA$11.4B) do not cover its short term liabilities (CA$11.8B).
Long Term Liabilities: TRS'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: TRS's net debt to equity ratio (149.5%) is considered high.
Reducing Debt: TRS's debt to equity ratio has reduced from 162.2% to 162.1% over the past 5 years.
Debt Coverage: TRS's debt is not well covered by operating cash flow (11.5%).
Interest Coverage: TRS's interest payments on its debt are not well covered by EBIT (2.2x coverage).