TC Energy Financials

TRP Stock  USD 49.06  0.79  1.58%   
Based on the key measurements obtained from TC Energy's financial statements, TC Energy Corp may be sliding down financialy. It has an above-average risk of going through some form of financial distress next quarter. At this time, TC Energy's Net Receivables is relatively stable compared to the past year. As of 11/26/2024, Common Stock Total Equity is likely to grow to about 29.6 B, while Short and Long Term Debt Total is likely to drop slightly above 32.4 B. Key indicators impacting TC Energy's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Debt Equity Ratio1.322.1386
Way Down
Pretty Stable
Operating Income5.5 B10.5 B
Way Down
Slightly volatile
Current Ratio0.660.9623
Way Down
Very volatile
The essential information of the day-to-day investment outlook for TC Energy includes many different criteria found on its balance sheet. An individual investor should monitor TC Energy's cash flow, debt, and profitability to accurately make informed decisions on whether to invest in TC Energy.

Cash And Equivalents

767.66 Million

  
Understanding current and past TC Energy Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of TC Energy's financial statements are interrelated, with each one affecting the others. For example, an increase in TC Energy's assets may result in an increase in income on the income statement.

TC Energy Stock Summary

TC Energy competes with Enterprise Products, Kinder Morgan, Energy Transfer, ONEOK, and MPLX LP. TC Energy Corporation operates as an energy infrastructure company in North America. TC Energy Corporation was incorporated in 1951 and is headquartered in Calgary, Canada. Tc Energy is traded on New York Stock Exchange in the United States.
Foreign Associate
  Canada
Specialization
Energy, Oil & Gas Midstream
InstrumentUSA Stock View All
ExchangeNew York Stock Exchange
ISINCA87807B1076
CUSIP87807B107 89353D107 893526103
LocationAlberta; Canada
Business Address450 - 1
SectorOil, Gas & Consumable Fuels
IndustryEnergy
BenchmarkDow Jones Industrial
Websitewww.tcenergy.com
Phone403 920 2000
CurrencyUSD - US Dollar

TC Energy Key Financial Ratios

TC Energy Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets99.3B100.3B104.2B114.3B125.0B64.6B
Other Current Liab1.2B2.7B2.3B4.3B3.5B3.7B
Other Liab10.6B11.0B11.1B12.8B14.7B15.4B
Net Tangible Assets13.9B14.7B17.2B18.6B21.4B22.5B
Net Debt48.6B48.0B52.1B57.7B59.9B31.6B
Retained Earnings4.0B5.4B3.8B819M(3.0B)(2.8B)
Accounts Payable4.5B3.1B4.2B4.3B5.3B3.0B
Cash1.3B1.5B673M620M3.8B4.0B
Other Assets6.7B5.9B5.6B6.4B7.4B7.8B
Long Term Debt42.9B43.4B46.3B50.1B60.3B63.3B
Net Receivables2.4B2.3B3.3B4.1B4.7B4.9B
Good Will12.9B12.7B12.6B12.8B12.5B6.4B
Inventory452M629M724M936M982M1.0B
Other Current Assets627M560M2.6B1.1B780M970.5M
Total Liab66.9B66.8B70.8B80.2B86.0B43.5B
Short Long Term Debt7.0B6.1B6.5B8.2B2.9B3.2B
Total Current Assets7.7B5.2B7.4B7.3B11.4B11.9B
Short Term Debt7.0B6.2B6.5B8.2B3.0B3.6B
Intangible Assets1.9B2.2B231M14M16.1M15.3M
Common Stock24.4B24.5B26.7B29.0B30.0B31.5B

TC Energy Key Income Statement Accounts

The reason investors look at the income statement is to determine what TC Energy's earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
201920202021202220232024 (projected)
Total Revenue13.3B13.0B13.4B15.0B15.9B9.8B
Gross Profit6.5B6.5B6.7B6.9B7.8B5.9B
Operating Income6.9B7.0B7.2B7.3B10.5B5.5B
Ebit6.9B5.8B6.7B6.1B6.8B5.4B
Ebitda9.3B8.4B9.2B8.7B9.6B6.5B
Net Income4.1B4.6B2.0B748M2.9B3.1B
Income Tax Expense754M194M120M589M942M989.1M
Interest Expense1.9B1.9B2.1B2.2B2.6B2.7B
Cost Of Revenue6.7B6.5B6.7B8.1B8.2B6.3B
Income Before Tax5.2B5.1B2.2B1.4B4.0B2.4B
Minority Interest1.6B2.1B(91M)(37M)(146M)(138.7M)
Tax Provision754M194M120M589M942M525.4M
Interest Income953M213M444M1.6B242M229.9M
Net Interest Income(1.9B)(2.0B)(1.9B)(2.1B)(2.4B)(2.6B)

TC Energy Key Cash Accounts

201920202021202220232024 (projected)
Change To Inventory(42M)(55M)(93M)(190M)(56M)(53.2M)
Investments(6.9B)(765M)(1.1B)(7.0B)(12.3B)(11.7B)
Change In Cash897M187M(857M)(53M)3.1B3.2B
Net Borrowings2.6B1.6B4.5B2.9B3.4B3.6B
Free Cash Flow(1.1B)(1.1B)966M(352M)(881M)(837.0M)
Depreciation2.5B2.6B2.5B2.6B2.8B1.8B
Other Non Cash Items(345M)(178M)(258M)3.5B1.4B1.4B
Dividends Paid2.0B3.1B3.5B3.3B2.9B1.5B
Capital Expenditures8.2B8.1B5.9B6.7B8.1B4.6B
Net Income4.4B4.9B2.0B785M2.9B1.8B
End Period Cash Flow1.3B1.5B673M620M3.8B4.0B
Change To Netincome185M179M2.7B3.7B4.2B4.4B

TRP Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining TC Energy's current stock value. Our valuation model uses many indicators to compare TC Energy value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across TC Energy competition to find correlations between indicators driving TC Energy's intrinsic value. More Info.
TC Energy Corp is rated below average in return on equity category among its peers. It is rated below average in return on asset category among its peers reporting about  0.21  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for TC Energy Corp is roughly  4.69 . At this time, TC Energy's Return On Equity is relatively stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value TC Energy by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

TC Energy Corp Systematic Risk

TC Energy's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. TC Energy volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
Execute Function
The function did not generate any output. Please change time horizon or modify your input parameters. The output start index for this execution was one with a total number of output elements of sixty. The Beta measures systematic risk based on how returns on TC Energy Corp correlated with the market. If Beta is less than 0 TC Energy generally moves in the opposite direction as compared to the market. If TC Energy Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one TC Energy Corp is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of TC Energy is generally in the same direction as the market. If Beta > 1 TC Energy moves generally in the same direction as, but more than the movement of the benchmark.
Today, most investors in TC Energy Stock are looking for potential investment opportunities by analyzing not only static indicators but also various TC Energy's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of TC Energy growth as a starting point in their analysis.

Price Earnings To Growth Ratio

0.0532

At this time, TC Energy's Price Earnings To Growth Ratio is relatively stable compared to the past year.

TC Energy November 26, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of TC Energy help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of TC Energy Corp. We use our internally-developed statistical techniques to arrive at the intrinsic value of TC Energy Corp based on widely used predictive technical indicators. In general, we focus on analyzing TRP Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build TC Energy's daily price indicators and compare them against related drivers.

Additional Tools for TRP Stock Analysis

When running TC Energy's price analysis, check to measure TC Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy TC Energy is operating at the current time. Most of TC Energy's value examination focuses on studying past and present price action to predict the probability of TC Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TC Energy's price. Additionally, you may evaluate how the addition of TC Energy to your portfolios can decrease your overall portfolio volatility.