TRP Debt Ratio from 2010 to 2024

TRP Stock

USD 45.79 0.46 1.01%

TC Energy Debt Ratio yearly trend continues to be relatively stable with very little volatility. Debt Ratio is likely to grow to 0.55 this year. During the period from 2010 to 2024, TC Energy Debt Ratio destribution of quarterly values had range of 0.0953 from its regression line and mean deviation of 0.02. View All Fundamentals

Debt Ratio

First Reported

2010-12-31

Previous Quarter

0.50547051

Current Value

0.55

Quarterly Volatility

0.0263411

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Yuan Drop

Covid

Check TC Energy financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among TC Energy's main balance sheet or income statement drivers, such as Total Revenue of 9.8 B, Gross Profit of 6 B or Operating Income of 5.5 B, as well as many indicators such as Price To Sales Ratio of 1.74, Dividend Yield of 0.0338 or PTB Ratio of 2.04. TRP financial statements analysis is a perfect complement when working with TC Energy Valuation or Volatility modules.

Check out the analysis of TC Energy Correlation against competitors.

Latest TC Energy's Debt Ratio Growth Pattern

Below is the plot of the Debt Ratio of TC Energy Corp over the last few years. It is TC Energy's Debt Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in TC Energy's overall financial position and show how it may be relating to other accounts over time.

Debt Ratio

10 Years Trend

Slightly volatile

Compare to Others All Fundamentals

Debt Ratio

Timeline

TRP Debt Ratio Regression Statistics

	Arithmetic Mean	0.50
	Geometric Mean	0.50
	Coefficient Of Variation	5.28
	Mean Deviation	0.02
	Median	0.51
	Standard Deviation	0.03
	Sample Variance	0.0007
	Range	0.0953
	R-Value	0.67
	Mean Square Error	0.0004
	R-Squared	0.45
	Significance	0.01
	Slope	0
	Total Sum of Squares	0.01

TRP Debt Ratio History

	2024	0.55
	2020	0.49
	2019	0.5
	2016	0.51
	2015	0.54
	2012	0.46
	2011	0.45

Other Fundumenentals of TC Energy Corp

Cash Flow To Debt Ratio

TC Energy Debt Ratio component correlations

	Total Assets	Total Stockholder Equity	Net Tangible Assets	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Long Term Debt	Net Receivables	Good Will	Short Term Investments	Total Liab	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment	Long Term Debt Total	Capital Surpluse	Cash And Equivalents	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.95	0.75	0.27	1.0	-0.25	0.84	0.81	0.62	0.92	0.48	1.0	0.26	0.78	0.15	0.53	0.7	-0.25	0.85	0.82	0.88	0.48	-0.29	0.72	-0.11	0.54
Total Stockholder Equity	0.95		0.72	0.19	0.94	-0.02	0.76	0.74	0.51	0.91	0.3	0.93	0.25	0.74	0.26	0.39	0.84	-0.24	0.83	0.78	0.78	0.41	-0.19	0.67	-0.27	0.46
Net Tangible Assets	0.75	0.72		0.3	0.75	-0.5	0.6	0.89	0.89	0.63	0.74	0.75	0.09	0.9	0.01	0.8	0.57	-0.54	0.92	0.91	0.89	0.78	-0.35	0.91	0.24	0.86
Current Deferred Revenue	0.27	0.19	0.3		0.28	-0.42	0.19	0.31	0.37	0.38	0.1	0.31	0.4	0.36	-0.09	0.55	-0.05	-0.23	0.29	0.22	0.4	0.2	0.18	0.19	0.12	0.25
Net Debt	1.0	0.94	0.75	0.28		-0.26	0.85	0.82	0.62	0.93	0.48	1.0	0.27	0.77	0.14	0.53	0.72	-0.23	0.84	0.81	0.87	0.48	-0.31	0.71	-0.14	0.53
Retained Earnings	-0.25	-0.02	-0.5	-0.42	-0.26		-0.34	-0.59	-0.8	-0.18	-0.79	-0.3	0.07	-0.49	0.24	-0.82	0.21	0.46	-0.48	-0.5	-0.61	-0.67	0.52	-0.56	-0.57	-0.69
Accounts Payable	0.84	0.76	0.6	0.19	0.85	-0.34		0.66	0.55	0.85	0.47	0.85	0.39	0.62	-0.03	0.48	0.59	-0.11	0.68	0.64	0.75	0.33	-0.48	0.56	-0.14	0.34
Long Term Debt	0.81	0.74	0.89	0.31	0.82	-0.59	0.66		0.86	0.75	0.8	0.82	0.19	0.9	0.06	0.83	0.5	-0.37	0.97	0.99	0.91	0.72	-0.37	0.84	0.28	0.79
Net Receivables	0.62	0.51	0.89	0.37	0.62	-0.8	0.55	0.86		0.5	0.81	0.63	-0.1	0.83	-0.03	0.91	0.32	-0.69	0.86	0.85	0.89	0.89	-0.53	0.92	0.36	0.93
Good Will	0.92	0.91	0.63	0.38	0.93	-0.18	0.85	0.75	0.5		0.35	0.92	0.45	0.71	0.12	0.45	0.68	-0.11	0.79	0.74	0.77	0.27	-0.17	0.52	-0.21	0.32
Short Term Investments	0.48	0.3	0.74	0.1	0.48	-0.79	0.47	0.8	0.81	0.35		0.5	0.05	0.71	-0.14	0.78	0.1	-0.3	0.7	0.77	0.72	0.69	-0.57	0.7	0.52	0.75
Total Liab	1.0	0.93	0.75	0.31	1.0	-0.3	0.85	0.82	0.63	0.92	0.5		0.27	0.77	0.12	0.55	0.69	-0.25	0.84	0.81	0.88	0.49	-0.31	0.71	-0.12	0.54
Deferred Long Term Liab	0.26	0.25	0.09	0.4	0.27	0.07	0.39	0.19	-0.1	0.45	0.05	0.27		0.25	0.1	0.16	0.15	0.6	0.15	0.11	0.1	-0.3	0.15	-0.15	-0.07	-0.24
Long Term Investments	0.78	0.74	0.9	0.36	0.77	-0.49	0.62	0.9	0.83	0.71	0.71	0.77	0.25		0.33	0.76	0.51	-0.41	0.92	0.89	0.87	0.71	-0.4	0.81	0.19	0.76
Short Long Term Debt	0.15	0.26	0.01	-0.09	0.14	0.24	-0.03	0.06	-0.03	0.12	-0.14	0.12	0.1	0.33		-0.1	0.22	-0.02	0.12	0.08	0.05	0.01	0.0	0.09	-0.19	0.02
Total Current Assets	0.53	0.39	0.8	0.55	0.53	-0.82	0.48	0.83	0.91	0.45	0.78	0.55	0.16	0.76	-0.1		0.11	-0.49	0.78	0.78	0.83	0.79	-0.38	0.79	0.56	0.85
Short Term Debt	0.7	0.84	0.57	-0.05	0.72	0.21	0.59	0.5	0.32	0.68	0.1	0.69	0.15	0.51	0.22	0.11		-0.16	0.62	0.57	0.48	0.24	-0.08	0.53	-0.55	0.28
Intangible Assets	-0.25	-0.24	-0.54	-0.23	-0.23	0.46	-0.11	-0.37	-0.69	-0.11	-0.3	-0.25	0.6	-0.41	-0.02	-0.49	-0.16		-0.46	-0.41	-0.55	-0.69	0.27	-0.69	-0.16	-0.7
Common Stock	0.85	0.83	0.92	0.29	0.84	-0.48	0.68	0.97	0.86	0.79	0.7	0.84	0.15	0.92	0.12	0.78	0.62	-0.46		0.98	0.93	0.73	-0.35	0.88	0.17	0.8
Property Plant Equipment	0.82	0.78	0.91	0.22	0.81	-0.5	0.64	0.99	0.85	0.74	0.77	0.81	0.11	0.89	0.08	0.78	0.57	-0.41	0.98		0.9	0.72	-0.35	0.87	0.24	0.8
Long Term Debt Total	0.88	0.78	0.89	0.4	0.87	-0.61	0.75	0.91	0.89	0.77	0.72	0.88	0.1	0.87	0.05	0.83	0.48	-0.55	0.93	0.9		0.76	-0.46	0.9	0.19	0.82
Capital Surpluse	0.48	0.41	0.78	0.2	0.48	-0.67	0.33	0.72	0.89	0.27	0.69	0.49	-0.3	0.71	0.01	0.79	0.24	-0.69	0.73	0.72	0.76		-0.62	0.88	0.39	0.96
Cash And Equivalents	-0.29	-0.19	-0.35	0.18	-0.31	0.52	-0.48	-0.37	-0.53	-0.17	-0.57	-0.31	0.15	-0.4	0.0	-0.38	-0.08	0.27	-0.35	-0.35	-0.46	-0.62		-0.49	-0.08	-0.47
Net Invested Capital	0.72	0.67	0.91	0.19	0.71	-0.56	0.56	0.84	0.92	0.52	0.7	0.71	-0.15	0.81	0.09	0.79	0.53	-0.69	0.88	0.87	0.9	0.88	-0.49		0.18	0.93
Net Working Capital	-0.11	-0.27	0.24	0.12	-0.14	-0.57	-0.14	0.28	0.36	-0.21	0.52	-0.12	-0.07	0.19	-0.19	0.56	-0.55	-0.16	0.17	0.24	0.19	0.39	-0.08	0.18		0.42
Capital Stock	0.54	0.46	0.86	0.25	0.53	-0.69	0.34	0.79	0.93	0.32	0.75	0.54	-0.24	0.76	0.02	0.85	0.28	-0.7	0.8	0.8	0.82	0.96	-0.47	0.93	0.42

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About TC Energy Financial Statements

TC Energy shareholders use historical fundamental indicators, such as Debt Ratio, to determine how well the company is positioned to perform in the future. Although TC Energy investors may analyze each financial statement separately, they are all interrelated. The changes in TC Energy's assets and liabilities, for example, are also reflected in the revenues and expenses on on TC Energy's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.

	Last Reported	Projected for Next Year
Debt Ratio	0.51	0.55
Cash Flow To Debt Ratio	0.11	0.15

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

0.65

Excelerate Energy

Pair Corr

Moving against TRP Stock

0.61	TK	Teekay	Pair Corr
0.54	BROGW	Brooge Energy Limited	Pair Corr
0.44	FRO	Frontline	Pair Corr
0.41	GEL	Genesis Energy LP	Pair Corr
0.34	DHT	DHT Holdings	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

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.

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TRP Debt Ratio from 2010 to 2024

Latest TC Energy's Debt Ratio Growth Pattern

TRP Debt Ratio Regression Statistics

TRP Debt Ratio History

Other Fundumenentals of TC Energy Corp

TC Energy Debt Ratio component correlations

About TC Energy Financial Statements

Pair Trading with TC Energy

Moving together with TRP Stock

Moving against TRP Stock

Additional Tools for TRP Stock Analysis

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