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

Tc Energy's (TRP) quarterly Debt Ratio came in at 0.39 in Q4 2025, down 2.79% year-on-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.

  • On a quarterly basis, Debt Ratio fell 2.79% year-over-year to 0.39 in Q4 2025; TTM through Dec 2025 was 0.39, a 2.79% decrease from a year earlier, with the FY2025 full-year figure at 0.39, down 2.79% from the prior year.
  • Debt Ratio fell to 0.39 in Q4 2025 per TRP's latest filing, from 0.41 in the prior quarter.
  • Across five years, Debt Ratio topped out at 0.42 in Q4 2023 and bottomed at 0.36 in Q4 2022.
  • The 5-year median for Debt Ratio is 0.39 (2025), against an average of 0.39.
  • Across the five-year window, Debt Ratio climbed 16.49% in 2023 and declined 4.21% in 2024, its largest moves.
  • Year by year, 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 TRP 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 DHT Holdings 2,706.13 Bn 2,706.00 Bn 167.16 Mn 0.06
2 Flex LNG 1,674.16 Bn 1,673.77 Bn 61.79 Mn 0.70
3 Kinder Morgan 112.74 Bn 113.82 Bn 3.07 Bn 0.44
4 Enbridge 89.82 Bn 89.03 Bn 6.70 Bn 0.47
5 Enterprise Products Partners 83.97 Bn 82.82 Bn - 0.42
6 Tc Energy 72.76 Bn 73.95 Bn 1.36 Bn 0.39
7 Energy Transfer 70.27 Bn 69.30 Bn 6.62 Bn 0.47
8 Targa Resources 61.30 Bn 61.34 Bn 1.70 Bn 0.70
9 Oneok 61.15 Bn 61.02 Bn 8.98 Bn 0.49
10 Mplx 58.39 Bn 56.89 Bn 1.95 Bn 0.60

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