TRP Net Debt vs Cash And Short Term Investments Analysis

TRP Stock

CAD 70.14 1.35 1.96%

TC Energy financial indicator trend analysis is much more than just breaking down TC Energy Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether TC Energy Corp is a good investment. Please check the relationship between TC Energy Net Debt and its Cash And Short Term Investments accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TC Energy Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Net Debt vs Cash And Short Term Investments

Net Debt vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of TC Energy Corp Net Debt account and Cash And Short Term Investments. At this time, the significance of the direction appears to have very week relationship.

The correlation between TC Energy's Net Debt and Cash And Short Term Investments is 0.29. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of TC Energy Corp, assuming nothing else is changed. The correlation between historical values of TC Energy's Net Debt and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of TC Energy Corp are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Net Debt i.e., TC Energy's Net Debt and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.29

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of TC Energy Corp balance sheet. This account contains TC Energy investments that will expire within one year. These investments include stocks and bonds that can be liquidated by TC Energy Corp fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Most indicators from TC Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into TC Energy Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TC Energy Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

As of the 22nd of November 2024, Enterprise Value is likely to grow to about 62.7 B, while Selling General Administrative is likely to drop about 682.4 M.

	2021	2022	2023	2024 (projected)
Gross Profit	6.7B	6.9B	6.8B	5.9B
Total Revenue	13.4B	15.0B	15.0B	9.8B

Gross Profit Total Revenue

TC Energy fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Common Stock Total Equity	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock	Cash	Cash And Short Term Investments
Common Stock Shares Outstanding		0.88	0.86	-0.07	0.71	0.91	0.9	-0.06	0.86	0.11	0.67	0.9	0.59	0.34	0.89	0.63	0.39	-0.46	-0.17	0.85	0.55	0.2	0.73	0.86	0.15	0.15
Total Assets	0.88		1.0	0.22	0.87	0.95	0.99	0.28	1.0	-0.25	0.85	1.0	0.76	0.63	0.98	0.82	0.61	-0.13	-0.34	1.0	0.73	0.53	0.7	0.98	0.32	0.32
Short Long Term Debt Total	0.86	1.0		0.23	0.87	0.93	0.99	0.29	1.0	-0.28	0.86	0.99	0.75	0.64	0.97	0.83	0.61	-0.11	-0.37	1.0	0.73	0.54	0.69	0.97	0.32	0.32
Other Current Liab	-0.07	0.22	0.23		0.22	0.07	0.22	0.09	0.21	-0.75	0.18	0.2	0.28	0.7	0.22	0.54	0.7	0.65	-0.18	0.23	0.63	0.69	-0.06	0.29	0.78	0.78
Total Current Liabilities	0.71	0.87	0.87	0.22		0.89	0.89	0.2	0.89	-0.16	0.96	0.88	0.91	0.62	0.84	0.67	0.6	0.06	-0.3	0.88	0.67	0.41	0.87	0.87	0.07	0.07
Total Stockholder Equity	0.91	0.95	0.93	0.07	0.89		0.96	0.19	0.94	-0.02	0.83	0.96	0.82	0.55	0.96	0.75	0.54	-0.27	-0.28	0.93	0.68	0.39	0.84	0.96	0.17	0.17
Property Plant And Equipment Net	0.9	0.99	0.99	0.22	0.89	0.96		0.21	0.99	-0.2	0.86	1.0	0.78	0.62	0.98	0.81	0.64	-0.13	-0.28	0.98	0.74	0.5	0.75	0.98	0.3	0.3
Current Deferred Revenue	-0.06	0.28	0.29	0.09	0.2	0.19	0.21		0.29	-0.44	0.23	0.24	0.26	0.4	0.28	0.35	0.3	0.22	-0.35	0.32	0.26	0.58	-0.06	0.29	0.24	0.24
Net Debt	0.86	1.0	1.0	0.21	0.89	0.94	0.99	0.29		-0.26	0.87	0.99	0.76	0.63	0.97	0.82	0.61	-0.11	-0.37	1.0	0.73	0.53	0.72	0.97	0.29	0.29
Retained Earnings	0.11	-0.25	-0.28	-0.75	-0.16	-0.02	-0.2	-0.44	-0.26		-0.29	-0.22	-0.08	-0.72	-0.21	-0.58	-0.67	-0.65	0.17	-0.3	-0.61	-0.82	0.22	-0.3	-0.71	-0.71
Accounts Payable	0.67	0.85	0.86	0.18	0.96	0.83	0.86	0.23	0.87	-0.29		0.85	0.79	0.64	0.8	0.67	0.6	0.13	-0.25	0.87	0.67	0.44	0.78	0.85	0.05	0.05
Non Current Assets Total	0.9	1.0	0.99	0.2	0.88	0.96	1.0	0.24	0.99	-0.22	0.85		0.76	0.61	0.98	0.82	0.6	-0.16	-0.34	0.99	0.73	0.5	0.73	0.98	0.3	0.3
Non Currrent Assets Other	0.59	0.76	0.75	0.28	0.91	0.82	0.78	0.26	0.76	-0.08	0.79	0.76		0.6	0.77	0.59	0.6	0.06	-0.28	0.75	0.62	0.38	0.81	0.8	0.11	0.11
Net Receivables	0.34	0.63	0.64	0.7	0.62	0.55	0.62	0.4	0.63	-0.72	0.64	0.61	0.6		0.63	0.83	0.91	0.51	-0.21	0.64	0.93	0.88	0.35	0.72	0.64	0.64
Common Stock Total Equity	0.89	0.98	0.97	0.22	0.84	0.96	0.98	0.28	0.97	-0.21	0.8	0.98	0.77	0.63		0.83	0.6	-0.21	-0.32	0.97	0.72	0.53	0.71	0.98	0.35	0.35
Non Current Liabilities Total	0.63	0.82	0.83	0.54	0.67	0.75	0.81	0.35	0.82	-0.58	0.67	0.82	0.59	0.83	0.83		0.83	0.09	-0.34	0.82	0.93	0.82	0.51	0.87	0.69	0.69
Inventory	0.39	0.61	0.61	0.7	0.6	0.54	0.64	0.3	0.61	-0.67	0.6	0.6	0.6	0.91	0.6	0.83		0.51	-0.02	0.62	0.96	0.84	0.37	0.71	0.72	0.72
Other Current Assets	-0.46	-0.13	-0.11	0.65	0.06	-0.27	-0.13	0.22	-0.11	-0.65	0.13	-0.16	0.06	0.51	-0.21	0.09	0.51		0.1	-0.08	0.34	0.46	-0.26	-0.08	0.29	0.29
Other Stockholder Equity	-0.17	-0.34	-0.37	-0.18	-0.3	-0.28	-0.28	-0.35	-0.37	0.17	-0.25	-0.34	-0.28	-0.21	-0.32	-0.34	-0.02	0.1		-0.37	-0.18	-0.21	-0.26	-0.29	-0.09	-0.09
Total Liab	0.85	1.0	1.0	0.23	0.88	0.93	0.98	0.32	1.0	-0.3	0.87	0.99	0.75	0.64	0.97	0.82	0.62	-0.08	-0.37		0.73	0.55	0.69	0.97	0.31	0.31
Property Plant And Equipment Gross	0.55	0.73	0.73	0.63	0.67	0.68	0.74	0.26	0.73	-0.61	0.67	0.73	0.62	0.93	0.72	0.93	0.96	0.34	-0.18	0.73		0.83	0.49	0.82	0.69	0.69
Total Current Assets	0.2	0.53	0.54	0.69	0.41	0.39	0.5	0.58	0.53	-0.82	0.44	0.5	0.38	0.88	0.53	0.82	0.84	0.46	-0.21	0.55	0.83		0.11	0.61	0.81	0.81
Short Term Debt	0.73	0.7	0.69	-0.06	0.87	0.84	0.75	-0.06	0.72	0.22	0.78	0.73	0.81	0.35	0.71	0.51	0.37	-0.26	-0.26	0.69	0.49	0.11		0.72	-0.13	-0.13
Common Stock	0.86	0.98	0.97	0.29	0.87	0.96	0.98	0.29	0.97	-0.3	0.85	0.98	0.8	0.72	0.98	0.87	0.71	-0.08	-0.29	0.97	0.82	0.61	0.72		0.39	0.39
Cash	0.15	0.32	0.32	0.78	0.07	0.17	0.3	0.24	0.29	-0.71	0.05	0.3	0.11	0.64	0.35	0.69	0.72	0.29	-0.09	0.31	0.69	0.81	-0.13	0.39		1.0
Cash And Short Term Investments	0.15	0.32	0.32	0.78	0.07	0.17	0.3	0.24	0.29	-0.71	0.05	0.3	0.11	0.64	0.35	0.69	0.72	0.29	-0.09	0.31	0.69	0.81	-0.13	0.39	1.0

Click cells to compare fundamentals

TC Energy Account Relationship Matchups

TC Energy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	931M	940M	974M	996M	1.0B	567.0M
Total Assets	99.3B	100.3B	104.2B	114.3B	125.0B	64.6B
Short Long Term Debt Total	49.9B	49.6B	52.8B	58.3B	63.7B	32.4B
Other Current Liab	1.2B	1.9B	1.4B	1.5B	3.9B	4.1B
Total Current Liabilities	12.9B	12.0B	13.0B	16.9B	11.8B	7.8B
Total Stockholder Equity	30.8B	31.4B	33.3B	34.0B	29.6B	19.6B
Property Plant And Equipment Net	65.5B	69.8B	70.2B	77.8B	80.6B	45.4B
Current Deferred Revenue	120M	129M	90M	62M	69M	72.5M
Net Debt	48.6B	48.0B	52.1B	57.7B	59.9B	31.6B
Retained Earnings	4.0B	5.4B	3.8B	819M	(3.0B)	(2.8B)
Accounts Payable	4.5B	3.8B	5.1B	7.1B	4.8B	3.2B
Non Current Assets Total	91.6B	95.1B	96.8B	107.0B	113.7B	60.0B
Non Currrent Assets Other	4.5B	5.8B	5.1B	5.7B	3.4B	2.6B
Net Receivables	2.4B	2.2B	4.3B	3.6B	4.4B	4.6B
Common Stock Total Equity	21.2B	23.2B	24.4B	24.5B	28.2B	16.1B
Liabilities And Stockholders Equity	99.3B	100.3B	104.2B	114.3B	125.0B	64.6B
Non Current Liabilities Total	54.0B	54.8B	57.8B	63.3B	74.2B	77.9B
Inventory	452M	629M	724M	936M	982M	1.0B
Other Current Assets	627M	880M	1.7B	2.2B	2.2B	2.3B
Other Stockholder Equity	(1.6B)	2M	729M	722M	649.8M	617.3M
Total Liab	66.9B	66.8B	70.8B	80.2B	86.0B	43.5B
Property Plant And Equipment Gross	65.5B	69.8B	102.1B	112.5B	119.7B	125.7B
Total Current Assets	7.7B	5.2B	7.4B	7.3B	11.4B	11.9B
Accumulated Other Comprehensive Income	(1.6B)	(2.4B)	(1.4B)	955M	49M	51.5M
Short Term Debt	7.0B	6.1B	6.5B	8.2B	3.0B	3.6B
Common Stock	24.4B	24.5B	26.7B	29.0B	30.0B	19.2B
Cash	1.3B	1.5B	673M	620M	3.8B	4.0B
Cash And Short Term Investments	1.3B	1.5B	673M	620M	3.8B	4.0B
Other Assets	6.7B	5.9B	5.6B	6.4B	7.4B	4.5B
Good Will	12.9B	12.7B	12.6B	12.8B	12.5B	9.4B
Intangible Assets	1.9B	2.2B	231M	14M	12.6M	12.0M
Other Liab	10.6B	11.0B	11.1B	12.8B	14.7B	10.8B
Net Tangible Assets	13.9B	14.7B	17.2B	18.6B	21.4B	13.6B
Long Term Debt	42.9B	43.4B	46.3B	50.1B	60.3B	44.7B
Deferred Long Term Liab	596M	1.1B	1.7B	231M	207.9M	197.5M
Long Term Investments	6.5B	6.7B	8.4B	9.5B	10.3B	7.9B
Short Long Term Debt	7.0B	6.1B	6.5B	8.2B	2.9B	5.4B
Property Plant Equipment	65.5B	69.8B	70.2B	75.9B	87.3B	64.2B
Short Term Investments	190M	235M	159M	608M	1.3B	1.3B
Long Term Debt Total	42.9B	43.4B	46.3B	50.1B	57.7B	46.6B

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.

Moving together with TRP Stock

0.91	ENB-PFV	Enbridge Pref 5	Pair Corr
0.66	ENB-PFU	Enbridge Pref L	Pair Corr
0.94	ENS	E Split Corp	Pair Corr
0.82	ENS-PA	E Split Corp	Pair Corr

The ability to find closely correlated positions to TC Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TC Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back TC Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling TC Energy Corp to buy it.

The correlation of TC Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as TC Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TC Energy Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for TC Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

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:

How To Invest In TRP

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Is TRP Stock a good investment?

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What is TC Energy's Net Worth?

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TC Energy Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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.

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TRP Net Debt vs Cash And Short Term Investments Analysis

Net Debt vs Cash And Short Term Investments

Net Debt vs Cash And Short Term Investments Correlation Analysis

Correlation Coefficient

Net Debt

Cash And Short Term Investments

TC Energy fundamental ratios Correlations

TC Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

TC Energy fundamental ratios Accounts

Pair Trading with TC Energy

Moving together with TRP Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Short Long Term Debt Total	+ 1.0	Total Assets
Net Debt	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Short Long Term Debt Total

Total Current Assets	- 0.82	Retained Earnings
Retained Earnings	- 0.75	Other Current Liab
Net Receivables	- 0.72	Retained Earnings
Cash And Short Term Investments	- 0.71	Retained Earnings
Cash	- 0.71	Retained Earnings
Inventory	- 0.67	Retained Earnings