Tc Energy (TCANF) Debt to Equity (2009 - 2025)
Tc Energy (TCANF) posted Debt to Equity of $1.71 for Q4 2025, little changed on a QoQ basis from $1.72 in Q3 2025, and down 1.31% year-on-year from $1.74 in Q4 2024.
Tc Energy (TCANF) Debt to Equity (2009 - 2025) Analysis & Trends
Tc Energy has disclosed Debt to Equity across 17 years of filings, most recently posting $1.71 for Q4 2025.
- Debt to Equity for Q4 2025 came in at $1.71, down 1.31% year-over-year; the trailing twelve-month figure through Dec 2025 was $1.71 (down 1.31% YoY), and the FY2025 annual result was $1.71, down 1.31% from the prior year.
- Debt to Equity came in at $1.71 for Q4 2025 at Tc Energy, roughly flat from $1.72 in the prior quarter.
- Over the last five years, Debt to Equity for TCANF reached as high as $50.72 in Q4 2022 and fell as low as $1.17 in Q1 2022.
- Median Debt to Equity over the past 5 years was $1.66 (2023), compared with a mean of $4.0.
- Year-over-year, Debt to Equity jumped 3405.2% in 2022 and slumped 96.47% in 2023.
- Over 5 years, Debt to Equity stood at $1.45 in 2021, then jumped by 3405.2% to $50.72 in 2022, then tumbled by 96.47% to $1.79 in 2023, then fell by 2.98% to $1.74 in 2024, then dropped by 1.31% to $1.71 in 2025.
- Per Business Quant, the three latest TCANF Debt to Equity figures stand at $1.71 (Q4 2025), $1.72 (Q3 2025), and $1.69 (Q2 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 1.66 |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 1.02 |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | 1.12 |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 2.01 |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 5.85 |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 1.79 |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 1.43 |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 182.28 |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 3.41 |
| 10 | Tc Energy | 10.37 Bn | 11.56 Bn | 2.95 Bn | 1.71 |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 1.71 |
| Sep 30, 2025 | 1.72 |
| Jun 30, 2025 | 1.69 |
| Mar 31, 2025 | 1.75 |
| Dec 31, 2024 | 1.74 |
| Sep 30, 2024 | 1.97 |
| Jun 30, 2024 | 1.75 |
| Mar 31, 2024 | 1.78 |
| Dec 31, 2023 | 1.79 |
| Sep 30, 2023 | 1.63 |
| Jun 30, 2023 | 1.44 |
| Mar 31, 2023 | 1.40 |
| Dec 31, 2022 | 50.72 |
| Sep 30, 2022 | 1.17 |
| Jun 30, 2022 | 1.27 |
| Mar 31, 2022 | 1.17 |
| Dec 31, 2021 | 1.45 |
| Sep 30, 2021 | 1.31 |
| Jun 30, 2021 | 1.31 |
| Mar 31, 2021 | 1.31 |