TC Energy Balance Sheet Health
Financial Health criteria checks 0/6
TC Energy has a total shareholder equity of CA$34.0B and total debt of CA$65.7B, which brings its debt-to-equity ratio to 193.6%. Its total assets and total liabilities are CA$122.6B and CA$88.7B respectively. TC Energy's EBIT is CA$4.8B making its interest coverage ratio 1.6. It has cash and short-term investments of CA$3.3B.
Key information
193.6%
Debt to equity ratio
CA$65.75b
Debt
Interest coverage ratio | 1.6x |
Cash | CA$3.28b |
Equity | CA$33.96b |
Total liabilities | CA$88.69b |
Total assets | CA$122.65b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TCAN.F's short term assets (CA$9.6B) do not cover its short term liabilities (CA$11.1B).
Long Term Liabilities: TCAN.F's short term assets (CA$9.6B) do not cover its long term liabilities (CA$77.6B).
Debt to Equity History and Analysis
Debt Level: TCAN.F's net debt to equity ratio (183.9%) is considered high.
Reducing Debt: TCAN.F's debt to equity ratio has increased from 159.1% to 193.6% over the past 5 years.
Debt Coverage: TCAN.F's debt is not well covered by operating cash flow (11.3%).
Interest Coverage: TCAN.F's interest payments on its debt are not well covered by EBIT (1.6x coverage).