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
No updates
Recent updates
TC Energy: Liquids Spin-Off Creates A Premier Gas Midstream
Nov 12TC Energy: 6% Yield Amidst A North American Energy Boom
Sep 25TC Energy: Buy This 6.3% Yielding Dividend Aristocrat Before Everyone Else Does
Aug 29TC Energy: Growth Focused MLP With Signs Of Becoming A Stable Cash Cow
Aug 22TC Energy: Get Paid 6.4% To Own Low-Risk Mission-Critical Pipelines
Aug 15TC Energy: The Issue With Leverage Makes This A Suboptimal Choice
Jul 02Why 7.5%-Yielding TC Energy Is A Compelling Investment For Value Investors?
May 087%-Yielding TC Energy May Be One Of The Best Income Plays On The Market
Mar 20TC Energy: Series 7 Preferred Shares Ready For Takeoff
Mar 07TC Energy: Massive Q4 Beat And 3% Dividend Increase
Feb 16TC Energy: A Solid 7% Yield With 23 Years Of Consecutive Raises
Feb 01TC Energy: May Be A Value Trap
Jan 11TC Energy: Preferreds Offer Big Yields With Large Premium Over Debt
Dec 08With A 7.5% Yield, And An Upcoming Spinoff, TC Energy Is Attractive
Nov 08TC Energy Preferred Stocks: Better Than Any U.S. Preferred Stocks
Oct 23TC Energy: Not Every Falling Knife Is Worth Catching
Oct 05Why TC Energy Is A Better Buy Than Enbridge
Sep 26TC Energy: Growth Business Strategy And Attractive 7.5% Dividend Yield Make Stock Appealing
Sep 05TC Energy: A High Yield And Growing Dividend Pipeline Play
Aug 16It's The Best Time In 23 Years To Buy 8% Yielding TC Energy
Aug 03TC Energy Shares Have Fallen Too Far (Rating Upgrade)
Jul 27TC Energy: High Yield And Exposure To The Energy Transition
Jun 26TC Energy Has Substantial Catalysts
May 24TC Energy lifts dividend by 3.3% to CAD 0.93/share
Feb 14Better High-Yield Midstream Buy: Enbridge Or TC Energy?
Jan 19TC Energy: Upcoming Earnings Call Should Be Key Catalyst
Jan 12TC Energy: Buy The Drop On This High Yield
Dec 15Financial 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).