Tc Energy annual net debt
2011
2012
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2014
2015
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2021
2022
2023
2024
2025
Tc Energy Net Debt Growth & History (TRP)
Tc Energy's net debt was $1.81B for fiscal 2025.
View full Tc Energy company overviewTc Energy annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $1.81B | −$857.0M | −32.16% |
| 2024 | 2024-12-31 | $2.67B | $2.95B | — |
| 2023 | 2023-12-31 | −$283.0M | −$1.70B | — |
| 2022 | 2022-12-31 | $1.41B | $1.66B | — |
| 2021 | 2021-12-31 | −$244.0M | −$1.17B | — |
| 2020 | 2020-12-31 | $925.0M | −$969.0M | −51.16% |
| 2019 | 2019-12-31 | $1.89B | −$37.63B | −95.21% |
| 2018 | 2018-12-31 | $39.52B | $5.87B | +17.45% |
| 2017 | 2017-12-31 | $33.65B | −$5.48B | −14.01% |
| 2016 | 2016-12-31 | $39.13B | $8.53B | +27.86% |
| 2015 | 2015-12-31 | $30.61B | $6.34B | +26.12% |
| 2014 | 2014-12-31 | $24.27B | $2.33B | +10.62% |
| 2013 | 2013-12-31 | $21.94B | $1.30B | +6.30% |
| 2012 | 2012-12-31 | $20.64B | $769.0M | +3.87% |
| 2011 | 2011-12-31 | $19.87B | — | — |
Tc Energy quarterly net debt
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 | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $61.67B | $3.66B | +6.32% |
| Q1 2026 | 2026-03-31 | $60.73B | — | — |
| Q4 2025 | 2025-12-31 | $1.81B | −$857.0M | −32.16% |
| Q3 2025 | 2025-09-30 | $59.56B | — | — |
| Q2 2025 | 2025-06-30 | $58.01B | — | — |
| Q4 2024 | 2024-12-31 | $2.67B | $2.95B | — |
| Q4 2023 | 2023-12-31 | −$283.0M | −$1.70B | — |
| Q4 2022 | 2022-12-31 | $1.41B | $1.66B | — |
| Q4 2021 | 2021-12-31 | −$244.0M | −$1.17B | — |
| Q4 2020 | 2020-12-31 | $925.0M | −$969.0M | −51.16% |
| Q4 2019 | 2019-12-31 | $1.89B | −$37.63B | −95.21% |
| Q4 2018 | 2018-12-31 | $39.52B | $5.87B | +17.45% |
| Q4 2017 | 2017-12-31 | $33.65B | −$5.48B | −14.01% |
| Q4 2016 | 2016-12-31 | $39.13B | $8.53B | +27.86% |
| Q4 2015 | 2015-12-31 | $30.61B | $6.34B | +26.12% |
| Q4 2014 | 2014-12-31 | $24.27B | $2.33B | +10.62% |
| Q4 2013 | 2013-12-31 | $21.94B | $1.30B | +6.30% |
| Q4 2012 | 2012-12-31 | $20.64B | — | — |
Tc Energy net debt trends
Over the last five fiscal years, Tc Energy's net debt increased from $925.0M to $1.81B, a change of $883.0M. The latest reported quarter, Q2 2026, shows $61.67B.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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