Tc Energy (TCNCF) Interest Coverage Ratio (2009 - 2025)
Tc Energy (TCNCF) posted Interest Coverage Ratio of 3.25 for Q4 2025, up 10.14% on a QoQ basis from 2.95 in Q3 2025, and up 2765.66% year-on-year from 0.11 in Q4 2024.
Tc Energy (TCNCF) Interest Coverage Ratio (2009 - 2025) Analysis & Trends
Tc Energy has disclosed Interest Coverage Ratio across 17 years of filings, most recently posting 3.25 for Q4 2025.
- Interest Coverage Ratio for Q4 2025 came in at 3.25, up 2765.66% year-over-year; the trailing twelve-month figure through Dec 2025 was 3.06 (changed 0.31% YoY), and the FY2025 annual result was 3.06, up 0.93% from the prior year.
- Interest Coverage Ratio came in at 3.25 for Q4 2025 at Tc Energy, up from 2.95 in the prior quarter.
- Over the last five years, Interest Coverage Ratio for TCNCF reached as high as 4.08 in Q1 2022 and fell as low as 1.44 in Q1 2021.
- Median Interest Coverage Ratio over the past 5 years was 3.13 (2023), compared with a mean of 2.57.
- Year-over-year, Interest Coverage Ratio sank 148.94% in 2021 and soared 2765.66% in 2025.
- Over 5 years, Interest Coverage Ratio stood at 1.35 in 2021, then soared by 359.01% to 3.5 in 2022, then climbed by 13.71% to 3.98 in 2023, then sank by 97.15% to 0.11 in 2024, then soared by 2765.66% to 3.25 in 2025.
- Per Business Quant, the three latest TCNCF Interest Coverage Ratio figures stand at 3.25 (Q4 2025), 2.95 (Q3 2025), and 2.97 (Q2 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 2.64 |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | - |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | 4.92 |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 3.15 |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | - |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 4.17 |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 3.25 |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 1.99 |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 2.59 |
| 10 | Tc Energy | - | - | 2.95 Bn | 3.25 |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 3.25 |
| Sep 30, 2025 | 2.95 |
| Jun 30, 2025 | 2.97 |
| Mar 31, 2025 | 3.05 |
| Dec 31, 2024 | 3.21 |
| Sep 30, 2024 | 3.37 |
| Jun 30, 2024 | 3.79 |
| Mar 31, 2024 | 2.83 |
| Dec 31, 2023 | 3.98 |
| Sep 30, 2023 | 2.88 |
| Jun 30, 2023 | 3.17 |
| Mar 31, 2023 | 3.65 |
| Dec 31, 2022 | 3.50 |
| Sep 30, 2022 | 2.49 |
| Jun 30, 2022 | 2.74 |
| Mar 31, 2022 | 4.08 |
| Dec 31, 2021 | -1.35 |
| Sep 30, 2021 | 2.60 |
| Jun 30, 2021 | 3.00 |
| Mar 31, 2021 | -1.44 |