TC Energy Corporation (TRP) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 6.85B | 6.31B | 7.78B | 7.14B | 7.27B | 5.73B | 17.09B | 10.46B | 11.88B | 11.37B | 9.62B | 7.62B | 10.32B | 7.33B | 8.9B | 9.26B | 8.47B | 7.42B | 8.72B | 8.35B |
| Cash & Short-Term Investments | 1.09B | 260.79M | 1.8B | 1.42B | 1.96B | 801M | 3.8B | 2.47B | 3.19B | 3.68B | 3.28B | 1.69B | 4.48B | 620M | 2.86B | 2.04B | 1.5B | 673M | 3.04B | 3.1B |
| Cash Only | 1.09B | 260.79M | 1.8B | 1.42B | 1.96B | 801M | 3.8B | 2.47B | 3.19B | 3.68B | 1.97B | 1.09B | 3.85B | 620M | 2.16B | 1.5B | 1.07B | 673M | 2.86B | 2.89B |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.31B | 603M | 630M | 0 | 702M | 540M | 424M | 0 | 180M | 210M |
| Accounts Receivable | 2.68B | 3.01B | 2.47B | 2.56B | 2.59B | 3.11B | 3.53B | 4.03B | 4.22B | 2.88B | 3.56B | 3.13B | 3.16B | 4.07B | 3.56B | 4.06B | 3.47B | 4.51B | 2.61B | 2.72B |
| Days Sales Outstanding | 60.33 | 61.93 | 62.46 | 62.48 | 70.74 | 224.42 | 85.07 | 112.73 | 92.09 | 70.02 | 78.14 | 74.71 | 82.83 | 86.82 | 92.27 | 94.22 | 102.59 | 91.41 | 75.74 | 77.27 |
| Inventory | 859.22M | 781.36M | 837M | 822M | 777M | 747M | 1.05B | 1.01B | 1.1B | 771M | 1.23B | 1.05B | 984M | 936M | 1.08B | 1.04B | 965M | 724M | 743M | 758M |
| Days Inventory Outstanding | 40.17 | 36.34 | 40.04 | 38.25 | 39.46 | 141.54 | 42.45 | 54.86 | 49.93 | 41.74 | 48.92 | 45.77 | 47.45 | 42.42 | 46.04 | 46.17 | 43.18 | 37.2 | 39.01 | 40.73 |
| Other Current Assets | 2.22B | 2.18B | 2.67B | 2.34B | 1.95B | 990M | 8.72B | 2.95B | 3.37B | 3.95B | 2.86B | 2.36B | 2.32B | 1.59B | 2.1B | 2.11B | 2.54B | 1.4B | 1.98B | 1.47B |
| Total Non-Current Assets | 114.29B | 112.34B | 112.46B | 109.7B | 113.27B | 112.51B | 118.2B | 117.51B | 116.14B | 113.66B | 113.03B | 109.41B | 108.88B | 107.02B | 107.9B | 99.87B | 96.71B | 96.8B | 95.8B | 92.86B |
| Property, Plant & Equipment | 72.21B | 71B | 79.47B | 77.58B | 80.47B | 80.14B | 86.5B | 86.01B | 84.3B | 71.95B | 82.8B | 79.94B | 79.46B | 77.93B | 77.13B | 72.61B | 70.48B | 70.22B | 69.28B | 67.19B |
| Fixed Asset Turnover | 0.06x | 0.05x | 0.05x | 0.05x | 0.05x | 0.02x | 0.05x | 0.04x | 0.04x | 0.05x | 0.05x | 0.05x | 0.05x | 0.05x | 0.05x | 0.05x | 0.05x | 0.05x | 0.05x | 0.05x |
| Goodwill | 13.28B | 13.01B | 13.22B | 12.93B | 13.64B | 13.67B | 12.83B | 12.99B | 12.84B | 12.53B | 12.85B | 12.56B | 12.84B | 12.84B | 13.05B | 12.21B | 11.85B | 12.58B | 12.6B | 12.33B |
| Intangible Assets | 0 | 80.93M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 24.05B | 23.74B | 11.15B | 10.84B | 10.7B | 10.64B | 10.82B | 10.92B | 10.78B | 9.24B | 10B | 9.78B | 9.7B | 9.54B | 11.66B | 9.32B | 8.82B | 8.44B | 7.51B | 7.18B |
| Other Non-Current Assets | 4.76B | 4.17B | 8.62B | 8.36B | 8.46B | 7.63B | 8.05B | 7.59B | 8.22B | 18.62B | 7.38B | 7.13B | 6.89B | 5.63B | 6.06B | 5.73B | 5.56B | 5.04B | 6.41B | 6.15B |
| Total Assets | 121.14B | 118.65B | 120.23B | 116.84B | 120.55B | 118.24B | 135.29B | 127.97B | 128.03B | 125.03B | 122.65B | 117.03B | 119.2B | 114.35B | 116.8B | 109.13B | 105.18B | 104.22B | 104.52B | 101.2B |
| Asset Turnover | 0.04x | 0.03x | 0.03x | 0.03x | 0.03x | 0.01x | 0.03x | 0.03x | 0.03x | 0.03x | 0.03x | 0.03x | 0.03x | 0.03x | 0.03x | 0.03x | 0.03x | 0.03x | 0.03x | 0.03x |
| Asset Growth % | 0.49% | 0.35% | -11.13% | -8.7% | -5.84% | -5.43% | 10.31% | 9.34% | 7.4% | 9.35% | 5.01% | 7.24% | 13.33% | 9.72% | 11.75% | 7.84% | 5.24% | 3.91% | 2.61% | -0.59% |
| Total Current Liabilities | 10.53B | 9.95B | 12.3B | 11.74B | 10.32B | 10.51B | 13.08B | 13.8B | 12.71B | 11.82B | 11.13B | 12.59B | 13.96B | 16.91B | 16.77B | 14.48B | 13.92B | 13.04B | 16.98B | 13.72B |
| Accounts Payable | 4.28B | 4.84B | 4.89B | 4.38B | 4.49B | 3.7B | 6.39B | 6.3B | 6.94B | 3.09B | 4.39B | 3.56B | 4.17B | 4.33B | 5.77B | 4.22B | 4.18B | 4.18B | 3.78B | 3.49B |
| Days Payables Outstanding | 223.34 | 218.53 | 223.68 | 212.19 | 212 | 793.4 | 260.56 | 343.64 | 267.82 | 156.14 | 171.05 | 174.33 | 209.98 | 212.49 | 216.39 | 192.98 | 213.9 | 201.9 | 188.94 | 192.4 |
| Short-Term Debt | 3.66B | 2.74B | 5.26B | 5.54B | 4B | 3.34B | 4.81B | 5.25B | 3.47B | 2.94B | 2.36B | 5.31B | 6.27B | 8.16B | 7.32B | 7.07B | 6.77B | 6.49B | 10.54B | 7.71B |
| Deferred Revenue (Current) | 73.19M | 45.96M | 0 | 0 | 0 | 30M | 0 | 0 | 0 | 47M | 0 | 0 | 0 | 62M | 0 | 0 | 0 | 90M | 0 | 0 |
| Other Current Liabilities | 2.52B | 2.32B | 420M | 102M | 113M | 1.53B | 0 | 382M | 384M | 3.71B | 2.58B | 2.02B | 1.82B | 2.22B | 2.07B | 1.68B | 1.5B | 826M | 1.21B | 1.09B |
| Current Ratio | 0.65x | 0.63x | 0.63x | 0.61x | 0.70x | 0.55x | 1.31x | 0.76x | 0.94x | 0.96x | 0.86x | 0.61x | 0.74x | 0.43x | 0.53x | 0.64x | 0.61x | 0.57x | 0.51x | 0.61x |
| Quick Ratio | 0.57x | 0.56x | 0.56x | 0.54x | 0.63x | 0.47x | 1.23x | 0.68x | 0.85x | 0.90x | 0.75x | 0.52x | 0.67x | 0.38x | 0.47x | 0.57x | 0.54x | 0.51x | 0.47x | 0.55x |
| Cash Conversion Cycle | -122.84 | -120.26 | -121.18 | -111.46 | -101.81 | -427.44 | -133.04 | -176.04 | -125.8 | -44.37 | -43.99 | -53.85 | -79.7 | -83.25 | -78.08 | -52.6 | -68.13 | -73.29 | -74.19 | -74.4 |
| Total Non-Current Liabilities | 73.36B | 71.83B | 70.36B | 67.72B | 71.78B | 69.37B | 81.73B | 73.67B | 75.64B | 74.21B | 77.55B | 70.28B | 70.45B | 63.33B | 64.13B | 61.87B | 58.32B | 57.78B | 55.03B | 55.35B |
| Long-Term Debt | 58.31B | 57.77B | 56.1B | 53.89B | 57.99B | 56.02B | 67.56B | 59.74B | 61.1B | 60.26B | 63.23B | 56.38B | 56.74B | 50.14B | 51.55B | 50.06B | 46.81B | 46.28B | 44.05B | 44.59B |
| Capital Lease Obligations | 0 | 369.7M | 0 | 0 | 0 | 451M | 0 | 0 | 0 | 400M | 0 | 0 | 0 | 379M | 0 | 0 | 0 | 380M | 0 | 0 |
| Deferred Tax Liabilities | 7.99B | 7.67B | 7.54B | 7.23B | 7.21B | 6.88B | 7.87B | 7.77B | 8.47B | 6.97B | 8.43B | 8.14B | 8.01B | 7.65B | 6.95B | 0 | 0 | 6.14B | 5.42B | 5.25B |
| Other Non-Current Liabilities | 7.05B | 6.02B | 6.72B | 6.59B | 6.58B | 6.01B | 6.3B | 6.17B | 6.07B | 6.56B | 5.9B | 5.76B | 5.71B | 5.13B | 5.63B | 11.81B | 11.51B | 4.79B | 5.56B | 5.51B |
| Total Liabilities | 83.89B | 81.79B | 82.66B | 79.46B | 82.11B | 79.88B | 94.81B | 87.47B | 88.35B | 86.03B | 88.69B | 82.87B | 84.41B | 80.23B | 80.9B | 76.36B | 72.24B | 70.82B | 72.01B | 69.07B |
| Total Debt | 61.97B | 60.89B | 61.36B | 59.43B | 61.99B | 59.88B | 72.37B | 64.99B | 64.57B | 63.66B | 65.59B | 61.69B | 63.01B | 58.68B | 58.87B | 57.13B | 53.58B | 53.15B | 54.59B | 52.3B |
| Net Debt | 60.88B | 60.63B | 59.56B | 58.01B | 60.03B | 59.08B | 68.57B | 62.51B | 61.38B | 59.98B | 63.62B | 60.6B | 59.16B | 58.06B | 56.71B | 55.63B | 52.5B | 52.47B | 51.73B | 49.41B |
| Debt / Equity | 1.66x | 1.65x | 1.63x | 1.59x | 1.61x | 1.56x | 1.79x | 1.60x | 1.63x | 1.63x | 1.93x | 1.81x | 1.81x | 1.72x | 1.64x | 1.74x | 1.63x | 1.59x | 1.68x | 1.63x |
| Debt / EBITDA | 21.10x | 24.18x | 26.87x | 25.89x | 26.50x | 46.38x | 31.19x | 31.24x | 27.75x | 25.27x | 28.85x | 27.01x | 24.64x | 25.39x | 27.84x | 27.49x | 24.81x | 24.02x | 28.90x | 25.80x |
| Net Debt / EBITDA | 20.73x | 24.08x | 26.08x | 25.27x | 25.66x | 45.76x | 29.56x | 30.05x | 26.38x | 23.81x | 27.99x | 26.53x | 23.14x | 25.12x | 26.81x | 26.77x | 24.32x | 23.71x | 27.39x | 24.37x |
| Interest Coverage | 2.68x | 2.64x | 2.53x | 2.83x | 3.48x | 2.55x | 4.20x | 2.90x | 3.29x | 4.00x | 0.94x | 1.84x | 3.68x | -1.40x | 2.80x | 2.94x | 2.43x | 3.52x | 2.85x | 3.25x |
| Total Equity | 37.25B | 36.87B | 37.58B | 37.38B | 38.44B | 38.36B | 40.48B | 40.49B | 39.67B | 39.01B | 33.96B | 34.16B | 34.8B | 34.12B | 35.9B | 32.78B | 32.94B | 33.4B | 32.52B | 32.13B |
| Equity Growth % | -3.08% | -3.89% | -7.17% | -7.69% | -3.11% | -1.66% | 19.18% | 18.54% | 14.02% | 14.34% | -5.4% | 4.22% | 5.63% | 2.16% | 10.41% | 2.01% | 2.89% | -0.23% | -6.16% | -6.96% |
| Book Value per Share | 35.75 | 35.42 | 36.13 | 35.94 | 36.96 | 36.96 | 39.03 | 39.05 | 38.26 | 37.62 | 32.81 | 33.26 | 34.08 | 33.58 | 35.90 | 33.31 | 33.58 | 34.04 | 33.21 | 32.82 |
| Total Shareholders' Equity | 27.6B | 27.27B | 27.46B | 27.52B | 27.69B | 27.59B | 30.46B | 30.12B | 30.1B | 29.55B | 33.64B | 33.84B | 34.57B | 33.99B | 35.77B | 32.66B | 32.82B | 33.27B | 32.39B | 32.01B |
| Common Stock | 30.37B | 30.19B | 30.2B | 30.16B | 30.14B | 30.1B | 30.02B | 30B | 30B | 30B | 30B | 29.63B | 29.26B | 29B | 28.65B | 26.89B | 26.86B | 26.72B | 26.62B | 26.62B |
| Retained Earnings | -5.96B | -5.92B | -6.03B | -5.74B | -5.15B | -5.24B | -2.38B | -2.84B | -2.78B | -3B | -687M | 476M | 1.18B | 819M | 3.18B | 3.25B | 3.26B | 3.77B | 3.52B | 3.6B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 937.42M | 746.39M | 793M | 604M | 205M | 233M | 310M | 458M | 377M | 49M | 1.1B | 508M | 903M | 955M | 724M | -706M | -1.51B | -1.43B | -1.98B | -2.43B |
| Minority Interest | 9.65B | 9.6B | 10.11B | 9.86B | 10.75B | 10.77B | 10.02B | 10.37B | 9.57B | 9.46B | 321M | 324M | 222M | 126M | 130M | 123M | 124M | 125M | 124M | 122M |