Tc Energy (TCENF) Debt Ratio (2009 - 2025)

Tc Energy (TCENF) posted Debt Ratio of 0.39 for Q4 2025, down 2.79% on a QoQ basis from 0.41 in Q4 2024, and down 2.79% year-on-year from 0.41 in Q4 2024.

Tc Energy (TCENF) Debt Ratio (2009 - 2025) Analysis & Trends

Tc Energy has disclosed Debt Ratio across 17 years of filings, most recently posting 0.39 for Q4 2025.

  • Debt Ratio for Q4 2025 came in at 0.39, down 2.79% year-over-year; the trailing twelve-month figure through Dec 2025 was 0.39 (down 2.79% YoY), and the FY2025 annual result was 0.39, down 2.79% from the prior year.
  • Debt Ratio came in at 0.39 for Q4 2025 at Tc Energy, down from 0.41 in the prior quarter.
  • Over the last five years, Debt Ratio for TCENF reached as high as 0.42 in Q4 2023 and fell as low as 0.36 in Q4 2022.
  • Median Debt Ratio over the past 5 years was 0.39 (2025), compared with a mean of 0.39.
  • Year-over-year, Debt Ratio advanced 16.49% in 2023 and dropped 4.21% in 2024.
  • Over 5 years, Debt Ratio stood at 0.37 in 2021, then decreased by 2.06% to 0.36 in 2022, then increased by 16.49% to 0.42 in 2023, then retreated by 4.21% to 0.41 in 2024, then declined by 2.79% to 0.39 in 2025.
  • Per Business Quant, the three latest TCENF Debt Ratio figures stand at 0.39 (Q4 2025), 0.41 (Q4 2024), and 0.42 (Q4 2023).
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Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Enbridge 1,308.38 Bn 1,309.08 Bn 6.70 Bn 0.47
2 Kinder Morgan 112.34 Bn 113.42 Bn 3.08 Bn 0.44
3 Enterprise Products Partners 79.55 Bn 78.40 Bn - 0.42
4 Energy Transfer 65.78 Bn 65.07 Bn 6.62 Bn 0.47
5 Targa Resources 57.60 Bn 57.63 Bn 1.70 Bn 0.71
6 Mplx 57.17 Bn 55.67 Bn 2.54 Bn 0.60
7 Oneok 54.83 Bn 54.70 Bn 2.57 Bn 0.47
8 Cheniere Energy Partners 29.50 Bn 29.22 Bn 838.00 Mn 0.83
9 Venture Global 27.41 Bn 27.36 Bn 4.33 Bn 0.65
10 Tc Energy - - 2.95 Bn 0.39

Historic Data

Download Data
DateValue
Dec 31, 2025 0.39
Dec 31, 2024 0.41
Dec 31, 2023 0.42
Dec 31, 2022 0.36
Dec 31, 2021 0.37
Dec 31, 2020 0.37
Sep 30, 2020 0.39
Jun 30, 2020 0.39
Mar 31, 2020 0.36
Dec 31, 2019 0.37
Sep 30, 2019 0.39
Jun 30, 2019 0.38
Dec 31, 2018 0.40
Dec 31, 2017 0.11
Dec 31, 2016 0.46
Mar 31, 2016 0.38
Dec 31, 2015 0.49
Dec 31, 2014 0.42
Dec 31, 2013 0.42
Dec 31, 2012 0.04