Tc Energy (TRP) Debt to Equity (2009 - 2025)

Tc Energy's Debt to Equity history runs 17 years deep, the most recent figure standing at $1.71 for Q4 2025.

• In Q4 2025, Debt to Equity fell 1.31% year-over-year to $1.71; the TTM figure through Dec 2025 stood at $1.71 (down 1.31% YoY), while the FY2025 annual figure was $1.71, down 1.31% from the prior year.
• Debt to Equity was $1.71 for Q4 2025 at Tc Energy, roughly flat from $1.72 in the prior quarter.
• In the past five years, Debt to Equity ranged from a high of $50.72 in Q4 2022 to a low of $1.17 in Q1 2022.
• Historically, Debt to Equity has averaged $4.0 across 5 years, with a median of $1.66 in 2023.
• The sharpest annual moves came in 2022 and 2023: Debt to Equity soared 3405.2% in 2022, then tumbled 96.47% in 2023.
• A 5-year view of Debt to Equity shows it stood at $1.45 in 2021, then jumped by 3405.2% to $50.72 in 2022, then sank by 96.47% to $1.79 in 2023, then fell by 2.98% to $1.74 in 2024, then dropped by 1.31% to $1.71 in 2025.
• The last three Debt to Equity figures came in at $1.71 (Q4 2025), $1.72 (Q3 2025), and $1.69 (Q2 2025), per Business Quant data.