TRP Financial Statements From 2010 to 2025

TC Energy Balance Sheet		Trends
Current Value Last Year Historical Average  10 Year Trend Common Stock Shares Outstanding 1.2 B 1.2 B 843 M Slightly volatile Total Assets 151 B 143.8 B 88.2 B Slightly volatile Short and Long Term Debt Total 76.8 B 73.1 B 44.3 B Slightly volatile Other Current Liabilities 4.8 B 4.6 B 3 B Slightly volatile Total Current Liabilities 7.8 B 13.6 B 9.8 B Slightly volatile Total Stockholder Equity 19.6 B 34 B 24.1 B Slightly volatile Property Plant And Equipment Net 97.3 B 92.7 B 59.1 B Slightly volatile Net Debt 72.4 B 68.9 B 42.9 B Slightly volatile Accounts Payable 5.8 B 5.6 B 2.9 B Slightly volatile Non Current Assets Total 137.2 B 130.7 B 81.6 B Slightly volatile Non Currrent Assets Other 2.6 B 3.9 B 3 B Slightly volatile Net Receivables 5.6 B 5.4 B 2.8 B Slightly volatile Common Stock Total Equity 16.1 B 28.2 B 18.5 B Slightly volatile Liabilities And Stockholders Equity 151 B 143.8 B 88.2 B Slightly volatile Non Current Liabilities Total 89.6 B 85.3 B 49.7 B Slightly volatile Inventory 1.2 B 1.1 B 564.5 M Slightly volatile Other Current Assets 2.5 B 2.4 B 1.6 B Pretty Stable Total Liabilities 103.9 B 98.9 B 60 B Slightly volatile Property Plant And Equipment Gross 144.5 B 137.6 B 71.5 B Slightly volatile Total Current Assets 13.7 B 13.1 B 6.6 B Slightly volatile Short Term Debt 3.6 B 3.4 B 4.3 B Slightly volatile Common Stock 19.2 B 34.5 B 19.9 B Slightly volatile Cash 4.4 B 4.2 B 1.4 B Slightly volatile Cash And Short Term Investments 4.4 B 4.2 B 1.4 B Slightly volatile Other Assets 4.5 B 7.4 B 4.6 B Slightly volatile Good Will 9.4 B 14.4 B 9.5 B Slightly volatile Intangible Assets 12 M 12.6 M 1.3 B Slightly volatile Other Liabilities 10.8 B 14.7 B 9.5 B Slightly volatile Net Tangible Assets 13.6 B 21.4 B 13.5 B Slightly volatile Long Term Debt 44.7 B 69.3 B 39.3 B Slightly volatile Deferred Long Term Liabilities 197.5 M 207.9 M 760.6 M Slightly volatile Long Term Investments 7.9 B 11.9 B 7.3 B Slightly volatile Short and Long Term Debt 2.5 B 2.6 B 9.8 B Slightly volatile Property Plant Equipment 64.2 B 87.3 B 57.8 B Slightly volatile Short Term Investments 1.5 B 1.5 B 572.2 M Slightly volatile Long Term Debt Total 46.6 B 57.7 B 40.6 B Slightly volatile Non Current Liabilities Other 4.7 B 5.9 B 3.7 B Slightly volatile Cash And Equivalents 767.7 M 558 M 922.4 M Slightly volatile Net Invested Capital 87.4 B 103.8 B 75 B Slightly volatile Capital Stock 32.7 B 37.4 B 29.1 B Slightly volatile Capital Lease Obligations 330.1 M 360.9 M 439.9 M Slightly volatile
TC Energy Income Statement		Trends
Current Value Last Year Historical Average  10 Year Trend Total Revenue 9.8 B 18.3 B 11.9 B Slightly volatile Gross Profit 5.9 B 8.9 B 5.6 B Slightly volatile Operating Income 5.4 B 7.9 B 5.2 B Slightly volatile EBITDA 6.2 B 10.8 B 6.2 B Slightly volatile Depreciation And Amortization 1.8 B 3.2 B 2 B Slightly volatile Other Operating Expenses 7.3 B 10.4 B 8.4 B Pretty Stable Cost Of Revenue 6.3 B 9.4 B 7.6 B Pretty Stable Total Operating Expenses 744.1 M 807.3 M 768.5 M Pretty Stable Selling General Administrative 682.4 M 763.2 M 978.9 M Slightly volatile Non Recurring 1.5 B 902.7 M 1.7 B Slightly volatile Tax Provision 1.1 B 1.1 B 418.1 M Slightly volatile Interest Income 206.9 M 217.8 M 939.9 M Slightly volatile Reconciled Depreciation 2.7 B 3.2 B 2.4 B Slightly volatile
TC Energy Cash Flow Statement		Trends
Current Value Last Year Historical Average  10 Year Trend Begin Period Cash Flow 748.6 M 713 M 801.5 M Slightly volatile Depreciation 1.9 B 3.2 B 2.1 B Slightly volatile Dividends Paid 3.5 B 3.3 B 2.1 B Slightly volatile Capital Expenditures 9.8 B 9.4 B 6.2 B Slightly volatile Total Cash From Operating Activities 4.4 B 8.4 B 5.3 B Slightly volatile End Period Cash Flow 4.4 B 4.2 B 1.4 B Slightly volatile Stock Based Compensation 11.6 M 10.3 M 9.9 M Slightly volatile Net Borrowings 3.1 B 3.4 B 2.8 B Pretty Stable Change To Netincome 4.4 B 4.2 B 1.9 B Slightly volatile Issuance Of Capital Stock 7.7 M 8.1 M 824.7 M Slightly volatile
Financial Ratios		Trends
Current Value Last Year Historical Average  10 Year Trend Price To Sales Ratio 1.74 3.05 3.3857 Very volatile Dividend Yield 0.0338 0.0481 0.0445 Pretty Stable PTB Ratio 2.04 2.1 1.8358 Pretty Stable Days Sales Outstanding 101 96.2 70.9719 Slightly volatile Book Value Per Share 20.26 34.08 30.0418 Slightly volatile Operating Cash Flow Per Share 4.26 6.35 6.084 Slightly volatile Average Payables 1.1 B 1.5 B 1.5 B Very volatile Stock Based Compensation To Revenue 9.0E-4 7.0E-4 8.0E-4 Pretty Stable Capex To Depreciation 2.1 2.64 2.6906 Slightly volatile PB Ratio 2.04 2.1 1.8358 Pretty Stable EV To Sales 4.63 6.43 6.49 Slightly volatile ROIC 0.0653 0.0519 0.0529 Pretty Stable Inventory Turnover 16.93 9.58 18.4761 Slightly volatile Days Of Inventory On Hand 24.47 39.43 26.2632 Slightly volatile Payables Turnover 1.85 1.95 4.9036 Slightly volatile Average Inventory 245.4 M 399.6 M 411.7 M Very volatile Capex To Revenue 0.3 0.46 0.4476 Slightly volatile Cash Per Share 3.37 3.21 1.7158 Slightly volatile POCF Ratio 6.5 6.68 8.0188 Pretty Stable Interest Coverage 2.32 2.39 2.9156 Pretty Stable Capex To Operating Cash Flow 0.74 1.01 1.0296 Pretty Stable Days Payables Outstanding 119 194 130 Slightly volatile EV To Operating Cash Flow 12.2 14.1 15.3046 Very volatile Intangibles To Total Assets 0.088 0.0902 0.1172 Pretty Stable Net Debt To EBITDA 4.76 5.76 7.3075 Very volatile Current Ratio 0.66 1.11 0.6397 Pretty Stable Tangible Book Value Per Share 13.58 23.13 18.4182 Slightly volatile Receivables Turnover 7.65 3.93 6.1806 Slightly volatile Graham Number 27.38 38.52 37.8845 Pretty Stable Shareholders Equity Per Share 18.99 25.82 27.5284 Slightly volatile Debt To Equity 1.32 1.94 1.6688 Pretty Stable Capex Per Share 4.22 7.12 6.5589 Slightly volatile Average Receivables 672.5 M 1.1 B 1.1 B Very volatile Revenue Per Share 22.56 17.79 16.7252 Pretty Stable Interest Debt Per Share 32.35 57.83 48.4966 Slightly volatile Debt To Assets 0.56 0.58 0.5053 Slightly volatile Enterprise Value Over EBITDA 10.11 10.93 15.2094 Very volatile Short Term Coverage Ratios 1.57 2.84 1.4332 Pretty Stable Operating Cycle 71.29 136 93.8476 Slightly volatile Price Book Value Ratio 2.04 2.1 1.8358 Pretty Stable Days Of Payables Outstanding 119 194 130 Slightly volatile Price To Operating Cash Flows Ratio 6.5 6.68 8.0188 Pretty Stable Operating Profit Margin 0.31 0.39 0.3755 Slightly volatile Company Equity Multiplier 2.61 3.81 3.3436 Pretty Stable Long Term Debt To Capitalization 0.65 0.77 0.6085 Slightly volatile Total Debt To Capitalization 0.5 0.61 0.6142 Very volatile Return On Capital Employed 0.0943 0.0696 0.0703 Pretty Stable Debt Equity Ratio 1.32 1.94 1.6688 Pretty Stable Ebit Per Revenue 0.31 0.39 0.3755 Slightly volatile Quick Ratio 0.42 0.79 0.5617 Very volatile Dividend Paid And Capex Coverage Ratio 1.01 0.76 0.7597 Slightly volatile Net Income Per E B T 0.58 0.66 0.7505 Pretty Stable Cash Ratio 0.38 0.36 0.1488 Slightly volatile Operating Cash Flow Sales Ratio 0.3 0.41 0.4126 Slightly volatile Days Of Inventory Outstanding 24.47 39.43 26.2632 Slightly volatile Days Of Sales Outstanding 101 96.2 70.9719 Slightly volatile Cash Flow Coverage Ratios 0.15 0.13 0.1353 Slightly volatile Price To Book Ratio 2.04 2.1 1.8358 Pretty Stable Fixed Asset Turnover 0.32 0.23 0.2871 Slightly volatile Capital Expenditure Coverage Ratio 1.64 1.03 1.0696 Pretty Stable Price Cash Flow Ratio 6.5 6.68 8.0188 Pretty Stable Enterprise Value Multiple 10.11 10.93 15.2094 Very volatile Debt Ratio 0.56 0.58 0.5053 Slightly volatile Cash Flow To Debt Ratio 0.15 0.13 0.1353 Slightly volatile Price Sales Ratio 1.74 3.05 3.3857 Very volatile Asset Turnover 0.24 0.15 0.198 Slightly volatile Gross Profit Margin 0.53 0.56 0.4347 Slightly volatile Price Fair Value 2.04 2.1 1.8358 Pretty Stable
TC Energy Valuation Data		Trends
Current Value Last Year Historical Average  10 Year Trend Market Cap 30.3 B 28.8 B 30 B Slightly volatile Enterprise Value 62.7 B 59.8 B 63 B Slightly volatile

TRP Fundamental Market Drivers

About TC Energy Financial Statements

Pair Trading with TC Energy

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if TC Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in TC Energy will appreciate offsetting losses from the drop in the long position's value.When determining whether TC Energy Corp is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if TRP Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Tc Energy Corp Stock. Highlighted below are key reports to facilitate an investment decision about Tc Energy Corp Stock:

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Earnings Projections Details

Please note, there is a significant difference between TC Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if TC Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TC Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.