TC Energy

TC Energy Financial Leverage

The Financial Leverage (Equity Multiplier) of TC Energy (TRP.TO) as of Oct 31, 2026 is 4.35. In the previous year, Financial Leverage (Equity Multiplier) was 4.29 — a change of 1.52% (higher).

Financial Leverage

4.35

YoY

1.52%

Last updated:

Financial Leverage (Equity Multiplier) of TC Energy is 2025 4.35 . Financial Leverage (Equity Multiplier) of TC Energy was 2024 4.29 . It decreases by 1.52% higher compared to the previous year.

The TC Energy Financial Leverage history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

Financial Leverage
Date
Financial Leverage
Jan 1, 2018
3.37 CAD
Jan 1, 2019
3.23 CAD
Jan 1, 2020
3.19 CAD
Jan 1, 2021
3.13 CAD
Jan 1, 2022
3.36 CAD
Jan 1, 2023
4.23 CAD
Jan 1, 2024
4.29 CAD
Jan 1, 2025
4.35 CAD
The TC Energy Financial Leverage history
YEARFinancial LeverageYoY
4.35+1.52%
4.29+1.29%
4.23+25.76%
3.36+7.40%
3.13-1.94%
3.19-1.01%
3.23-4.29%
3.37-1.95%
3.44-5.27%
3.63-7.47%
3.92+26.91%
3.09—

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TC Energy Stock analysis

What does TC Energy do? TC Energy Corporation is a leading energy company in North America specializing in pipeline operations. The company is headquartered in Calgary, Alberta, Canada and has branches in the United States and Mexico. It was founded in 1951 as Trans-Canada Pipelines Limited to enable the construction of a pipeline from Alberta to Ontario. In recent decades, the company has experienced significant expansion and now operates over 92,600 kilometers of pipelines transporting gas, oil, and other energy sources. Its business model is centered around the construction, operation, and maintenance of pipelines and related facilities, as well as offering storage and compression services. TC Energy operates in three main business segments: pipelines and energy, power generation and services, and LNG. Its pipelines transport various energy sources across North America, and the company also operates hydroelectric power plants and provides LNG services. TC Energy offers a range of products and services tailored to the needs of its customers, including gas and oil pipeline transport, storage solutions, power generation and services, and LNG services. Its services include commissioning, inspection, maintenance, repair, around-the-clock support, and fast response times. Overall, TC Energy is a leading company in the energy industry, specializing in pipelines and the transportation of various energy sources, operating over 92,600 kilometers of pipelines in North America, and providing a wide range of products and services to ensure reliable energy supply for its customers. TC Energy is one of the most popular companies on Eulerpool.

Frequently Asked Questions about TC Energy stock

Financial Leverage (Equity Multiplier) of TC Energy is 4.35 in 2025.

Financial Leverage (Equity Multiplier) of TC Energy changed from 4.29 to 4.35, representing a 1.52% change. The value is higher than the previous year.

On Eulerpool you can find the complete historical development of Financial Leverage (Equity Multiplier) TC Energy since 2006 – with annual values, charts, and detailed analysis.

Financial leverage, also known as the equity multiplier, measures total assets relative to equity. Higher leverage amplifies both returns and risks.

A 'good' varies by industry and company stage. On Eulerpool, you can compare Financial Leverage (Equity Multiplier)'s TC Energy with sector peers and the industry average to assess whether it is attractive.

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Leverage — TC Energy

Debt-to-EquityNet Debt / EBITDAInterest CoverageCurrent RatioQuick RatioCash RatioDebt / AssetsFinancial LeverageEquity RatioLT Debt/EquityNet Debt/EquityDebt/EBITDADSCRFinancial Debt RatioOCF/DebtFCF/DebtNet Debt/FCFDebt/Market Cap

All Key Metrics — TC Energy