Tc Energy (TRP) Debt Ratio (2010 - 2025)

Tc Energy (TRP) posted quarterly Debt Ratio of 0.39 for Q4 2025, down 2.79% year-over-year from 0.41 in Q4 2024, and down 2.79% quarter-over-quarter from 0.41 in Q4 2024.

Tc Energy (TRP) Debt Ratio (2010 - 2025) Analysis & Trends

Tc Energy's Debt Ratio history runs 16 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 for Q4 2025 stood at 0.39, 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 0.36 in Q4 2022.
  • The 5-year median for Debt Ratio is 0.39 (2025), against an average of 0.39.
  • The sharpest annual moves came in 2023 and 2024: Debt Ratio rose 16.49% in 2023, then decreased 4.21% in 2024.
  • Tc Energy's Debt Ratio stood at 0.37 in 2021, then retreated by 2.06% to 0.36 in 2022, then grew by 16.49% to 0.42 in 2023, then fell by 4.21% to 0.41 in 2024, then dropped by 2.79% to 0.39 in 2025.
  • Business Quant data shows TRP's Debt Ratio at 0.39 in Q4 2025, 0.41 in Q4 2024, and 0.42 in Q4 2023.
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Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Kinder Morgan 112.69 Bn 112.57 Bn 3.07 Bn 0.44
2 Enbridge 110.91 Bn 109.42 Bn 5.23 Bn 0.48
3 Enterprise Products Partners 83.41 Bn 82.50 Bn - 0.41
4 Energy Transfer 72.45 Bn 71.42 Bn 7.40 Bn 0.46
5 Tc Energy 65.95 Bn 58.39 Bn 1.24 Bn -
6 Mplx 60.44 Bn 59.41 Bn 2.73 Bn 0.60
7 Oneok 59.80 Bn 59.64 Bn 2.81 Bn 0.48
8 Targa Resources 59.00 Bn 58.86 Bn 2.14 Bn 0.69
9 Cheniere Energy 55.77 Bn 54.52 Bn 5.29 Bn 0.50
10 Venture Global 34.04 Bn 30.82 Bn 2.92 Bn 0.68

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 0.16
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 0.39