Tc Energy (TRP) Debt Ratio (2010 - 2025)
Tc Energy (TRP) posted Debt Ratio of 0.4 for Q4 2025, down 1.1% on a QoQ basis from 0.41 in Q4 2024, and down 1.1% year-over-year from 0.41 in Q4 2024.
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Analysis
Tc Energy (TRP) Debt Ratio (2010 - 2025) Analysis & Trends
Tc Energy has reported Debt Ratio for 16 years, with the latest figure at 0.4 in Q4 2025.
- On a quarterly basis, Debt Ratio fell 1.1% year-over-year to 0.4 in Q4 2025; TTM through Dec 2025 was 0.4, a 1.1% decrease from a year earlier, with the FY2025 full-year figure at 0.4, down 1.1% from the prior year.
- Debt Ratio was 0.4 for Q4 2025 at Tc Energy, down from 0.41 in the prior quarter.
- The five-year high for Debt Ratio was 0.42 in Q4 2023, with the low at 0.4 in Q4 2025.
- Average Debt Ratio over 5 years is 0.41, with a median of 0.42 recorded in 2022.
- The sharpest annual moves came in 2021 and 2024: Debt Ratio advanced 2.72% in 2021, then fell 3.44% in 2024.
- Over 5 years, Debt Ratio stood at 0.42 in 2021, then slipped by 0.59% to 0.42 in 2022, then increased by 1.23% to 0.42 in 2023, then fell by 3.44% to 0.41 in 2024, then retreated by 1.1% to 0.4 in 2025.
- The last three Debt Ratio figures came in at 0.4 (Q4 2025), 0.41 (Q4 2024), and 0.42 (Q4 2023), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 111.69 Bn | 112.81 Bn | 3.07 Bn | 0.44 |
| 2 | Enterprise Products Partners | 84.07 Bn | 83.21 Bn | - | 0.41 |
| 3 | Energy Transfer | 74.03 Bn | 73.00 Bn | 7.40 Bn | 0.46 |
| 4 | Tc Energy | 65.16 Bn | 64.62 Bn | 1.80 Bn | - |
| 5 | Targa Resources | 62.18 Bn | 62.19 Bn | 2.14 Bn | 0.69 |
| 6 | Mplx | 60.51 Bn | 59.48 Bn | 2.73 Bn | 0.60 |
| 7 | Oneok | 60.16 Bn | 60.09 Bn | 2.81 Bn | 0.50 |
| 8 | Enbridge | 54.38 Bn | 54.88 Bn | 5.23 Bn | 0.48 |
| 9 | Pembina Pipeline | 28.12 Bn | 27.76 Bn | 933.00 Mn | 0.03 |
| 10 | Gas Transporter Of The South | 21.92 Bn | -3,019.13 Bn | - | 0.27 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 0.40 |
| Dec 31, 2024 | 0.41 |
| Dec 31, 2023 | 0.42 |
| Dec 31, 2022 | 0.42 |
| Dec 31, 2021 | 0.42 |
| Dec 31, 2020 | 0.41 |
| Sep 30, 2020 | 0.39 |
| Jun 30, 2020 | 0.39 |
| Mar 31, 2020 | 0.36 |
| Dec 31, 2019 | 0.42 |
| Sep 30, 2019 | 0.39 |
| Jun 30, 2019 | 0.38 |
| Dec 31, 2018 | 0.43 |
| Dec 31, 2017 | 0.47 |
| Dec 31, 2016 | 0.46 |
| Jul 1, 2016 | -1.17 |
| Mar 31, 2016 | 0.35 |
| Dec 31, 2015 | 0.51 |
| Dec 31, 2014 | 0.47 |
| Dec 31, 2013 | 0.46 |