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

Tc Energy (TCENF) recorded quarterly Debt Ratio of 0.39 in Q4 2025, down 2.79% quarter-over-quarter from 0.41 in Q4 2024, and down 2.79% on a YoY basis from 0.41 in Q4 2024.

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

Tc Energy's Debt Ratio history runs 17 years deep, the most recent figure standing at 0.39 for Q4 2025.

  • In Q4 2025, Debt Ratio fell 2.79% year-over-year to 0.39; the TTM figure through Dec 2025 stood at 0.39 (down 2.79% YoY), while the FY2025 annual figure was 0.39, down 2.79% from the prior year.
  • Debt Ratio was 0.39 for Q4 2025 at Tc Energy, down from 0.41 in the prior quarter.
  • In the past five years, Debt Ratio ranged from a high of 0.42 in Q4 2023 to a low of 0.36 in Q4 2022.
  • Historically, Debt Ratio has averaged 0.39 across 5 years, with a median of 0.39 in 2025.
  • The sharpest annual moves came in 2023 and 2024: Debt Ratio gained 16.49% in 2023, then slipped 4.21% in 2024.
  • A 5-year view of Debt Ratio shows it 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.
  • The last three Debt Ratio figures came in at 0.39 (Q4 2025), 0.41 (Q4 2024), and 0.42 (Q4 2023), per Business Quant data.
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Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Enbridge 88.33 Bn 89.03 Bn 6.70 Bn 0.47
2 Enterprise Products Partners 80.83 Bn 79.68 Bn - 0.42
3 Kinder Morgan 69.66 Bn 70.75 Bn 3.08 Bn 0.44
4 Energy Transfer 65.60 Bn 64.88 Bn 6.62 Bn 0.47
5 Scorpio Tankers 59.17 Bn 58.19 Bn - 0.14
6 Mplx 57.43 Bn 55.92 Bn 2.54 Bn 0.60
7 Targa Resources 56.68 Bn 56.71 Bn 1.70 Bn 0.71
8 Oneok 55.34 Bn 55.21 Bn 2.57 Bn 0.47
9 Tc Energy 50.79 Bn 51.99 Bn 2.95 Bn 0.39
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