Tc Energy annual debt-to-equity ratio
2011
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2015
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2025
Tc Energy Debt-to-Equity Ratio Growth & History (TRP)
Tc Energy's debt-to-equity ratio was 0.07 for fiscal 2025.
View full Tc Energy company overviewTc Energy annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.07 | −0.05 | −42.37% |
| 2024 | 2024-12-31 | 0.13 | 0.01 | +9.35% |
| 2023 | 2023-12-31 | 0.11 | 0.06 | +92.07% |
| 2022 | 2022-12-31 | 0.06 | 0.05 | +363.87% |
| 2021 | 2021-12-31 | 0.01 | −0.07 | −83.51% |
| 2020 | 2020-12-31 | 0.08 | −0.03 | −25.69% |
| 2019 | 2019-12-31 | 0.11 | −1.26 | −92.28% |
| 2018 | 2018-12-31 | 1.36 | −0.03 | −1.81% |
| 2017 | 2017-12-31 | 1.39 | −0.27 | −16.17% |
| 2016 | 2016-12-31 | 1.66 | −0.26 | −13.50% |
| 2015 | 2015-12-31 | 1.91 | 0.62 | +47.40% |
| 2014 | 2014-12-31 | 1.30 | 0.06 | +5.18% |
| 2013 | 2013-12-31 | 1.23 | −0.02 | −1.49% |
| 2012 | 2012-12-31 | 1.25 | 0.03 | +2.53% |
| 2011 | 2011-12-31 | 1.22 | — | — |
Tc Energy quarterly debt-to-equity ratio
Q4.11
Q4.12
Q4.13
Q4.14
Q4.15
Q4.16
Q4.17
Q4.18
Q4.19
Q4.20
Q4.21
Q4.22
Q4.23
Q4.24
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 2.30 | 0.14 | +6.34% |
| Q1 2026 | 2026-03-31 | 2.25 | — | — |
| Q4 2025 | 2025-12-31 | 0.07 | −0.05 | −42.37% |
| Q3 2025 | 2025-09-30 | 2.23 | — | — |
| Q2 2025 | 2025-06-30 | 2.16 | — | — |
| Q4 2024 | 2024-12-31 | 0.13 | 0.01 | +9.35% |
| Q4 2023 | 2023-12-31 | 0.11 | 0.06 | +92.07% |
| Q4 2022 | 2022-12-31 | 0.06 | 0.05 | +363.87% |
| Q4 2021 | 2021-12-31 | 0.01 | −0.07 | −83.51% |
| Q4 2020 | 2020-12-31 | 0.08 | −0.03 | −25.69% |
| Q4 2019 | 2019-12-31 | 0.11 | −1.26 | −92.28% |
| Q4 2018 | 2018-12-31 | 1.36 | −0.03 | −1.81% |
| Q4 2017 | 2017-12-31 | 1.39 | −0.27 | −16.17% |
| Q4 2016 | 2016-12-31 | 1.66 | −0.26 | −13.50% |
| Q4 2015 | 2015-12-31 | 1.91 | 0.62 | +47.40% |
| Q4 2014 | 2014-12-31 | 1.30 | 0.06 | +5.18% |
| Q4 2013 | 2013-12-31 | 1.23 | −0.02 | −1.49% |
| Q4 2012 | 2012-12-31 | 1.25 | 0.03 | +2.53% |
| Q4 2011 | 2011-12-31 | 1.22 | — | — |
Tc Energy debt-to-equity ratio trends
Over the last five fiscal years, Tc Energy's debt-to-equity ratio decreased from 0.08 to 0.07, a change of −0.01. The latest reported quarter, Q2 2026, shows 2.30.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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