TC Energy Balance Sheet Health
Financial Health criteria checks 0/6
TC Energy has a total shareholder equity of CA$40.5B and total debt of CA$65.1B, which brings its debt-to-equity ratio to 160.8%. Its total assets and total liabilities are CA$128.0B and CA$87.5B 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$3.3B.
Key information
160.8%
Debt to equity ratio
CA$65.13b
Debt
| Interest coverage ratio | 2.2x |
| Cash | CA$3.30b |
| Equity | CA$40.49b |
| Total liabilities | CA$87.47b |
| Total assets | CA$127.97b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TRPE.F's short term assets (CA$10.5B) do not cover its short term liabilities (CA$13.8B).
Long Term Liabilities: TRPE.F's short term assets (CA$10.5B) do not cover its long term liabilities (CA$73.7B).
Debt to Equity History and Analysis
Debt Level: TRPE.F's net debt to equity ratio (152.7%) is considered high.
Reducing Debt: TRPE.F's debt to equity ratio has increased from 157.4% to 160.8% over the past 5 years.
Debt Coverage: TRPE.F's debt is not well covered by operating cash flow (11.3%).
Interest Coverage: TRPE.F's interest payments on its debt are not well covered by EBIT (2.2x coverage).