49/100B64.760
USD
0.22
(0.34%)
Market Closed
Last updated: · Delayed 15 min
Fair valueNot reliable
Q4 FY2026 · Earnings report
EPS estimate 0.71Revenue estimate 2.95B
Q4 FY2026 · Earnings report
EPS estimate 0.71Revenue estimate 2.95B
TC Energy total debt 2000–2026What is the debt to equity ratio? Debt to equity is a company's total debt divided by its shareholders' equity: how much it has borrowed for each dollar its owners have in the business.
TC Energy's total debt was 63.03B CAD on 30 September 2026, up 2.7% on a year before. At the end of fiscal year 2025 it was 60.95B CAD.
Last updated 14 Nov 2026 · Next report 12 Feb 2027
Total debt
Growth
| Fiscal year | Period ending | Total debt | Growth | Cash and short-term investments | Net cash | Debt to equity |
|---|---|---|---|---|---|---|
| Latest quarter | 30 Sept 2026 | 63.03B | +2.72% | 1.25B | -61.79B | 2.26 |
| FY2025 | 31 Dec 2025 | 60.95B | +1.79% | 260.79M | -60.69B | 2.23 |
| FY2024 | 31 Dec 2024 | 59.88B | -5.94% | 801.00M | -59.08B | 2.17 |
| FY2023 | 31 Dec 2023 | 63.66B | +8.49% | 3.68B | -59.98B | 2.15 |
| FY2022 | 31 Dec 2022 | 58.68B | +10.41% | 620.00M | -58.06B | 1.73 |
| FY2021 | 31 Dec 2021 | 53.15B | +6.32% | 673.00M | -52.47B | 1.60 |
| FY2020 | 31 Dec 2020 | 49.99B | -0.77% | 1.53B | -48.46B | 1.59 |
| FY2019 | 31 Dec 2019 | 50.38B | +0.27% | 1.52B | -48.85B | 1.64 |
| FY2018 | 31 Dec 2018 | 50.24B | +15.47% | 1.17B | -49.08B | 1.71 |
| FY2017 | 31 Dec 2017 | 43.51B | -3.00% | 1.41B | -42.10B | 1.74 |
| FY2016 | 31 Dec 2016 | 44.86B | +27.85% | 1.38B | -43.48B | 1.85 |
| FY2015 | 31 Dec 2015 | 35.08B | +23.60% | 1.18B | -33.90B | 2.13 |
| FY2014 | 31 Dec 2014 | 28.38B | +10.14% | 489.00M | -27.90B | 1.49 |
| FY2013 | 31 Dec 2013 | 25.77B | +16.18% | 927.00M | -24.84B | 1.39 |
| FY2012 | 31 Dec 2012 | 22.18B | +2.99% | 551.00M | -21.63B | 1.31 |
| FY2011 | 31 Dec 2011 | 21.54B | -1.50% | 765.00M | -20.77B | 1.24 |
| FY2010 | 31 Dec 2010 | 21.87B | +7.43% | 764.00M | -21.10B | 1.31 |
| FY2009 | 31 Dec 2009 | 20.35B | +1.03% | 997.00M | -19.36B | 1.29 |
| FY2008 | 31 Dec 2008 | 20.15B | +32.26% | 1.31B | -18.84B | 1.56 |
| FY2007 | 31 Dec 2007 | 15.23B | +14.97% | 504.00M | -14.73B | 1.28 |
| FY2006 | 31 Dec 2006 | 13.25B | +10.66% | 399.58M | -12.85B | 1.46 |
| FY2005 | 31 Dec 2005 | 11.97B | +0.09% | 211.65M | -11.76B | 1.66 |
| FY2004 | 31 Dec 2004 | 11.96B | +7.17% | 188.38M | -11.77B | 1.82 |
| FY2003 | 31 Dec 2003 | 11.16B | -0.02% | 337.50M | -10.82B | 1.83 |
| FY2002 | 31 Dec 2002 | 11.16B | -4.98% | 0.00 | -11.16B | 1.64 |
| FY2001 | 31 Dec 2001 | 11.75B | -4.54% | 0.00 | -11.75B | 1.81 |
| FY2000 | 31 Dec 2000 | 12.31B | — | 0.00 | -12.31B | 1.87 |
| Quarter | Period ending | Total debt | Growth on a year before | Cash and short-term investments | Net cash | Debt to equity |
|---|---|---|---|---|---|---|
| Q3 FY2026 | 30 Sept 2026 | 63.03B | +2.72% | 1.25B | -61.79B | 2.26 |
| Q2 FY2026 | 30 Jun 2026 | 63.77B | +7.31% | 2.07B | -61.70B | 2.30 |
| Q1 FY2026 | 31 Mar 2026 | 61.97B | -0.04% | 1.09B | -60.88B | 2.25 |
| Q4 FY2025 | 31 Dec 2025 | 60.89B | +1.69% | 260.79M | -60.63B | 2.23 |
| Q3 FY2025 | 30 Sept 2025 | 61.36B | -15.21% | 1.80B | -59.56B | 2.23 |
| Q2 FY2025 | 30 Jun 2025 | 59.43B | -8.56% | 1.42B | -58.01B | 2.16 |
| Q1 FY2025 | 31 Mar 2025 | 61.99B | -3.99% | 1.96B | -60.03B | 2.24 |
| Q4 FY2024 | 31 Dec 2024 | 59.88B | -5.94% | 801.00M | -59.08B | 2.17 |
| Q3 FY2024 | 30 Sept 2024 | 72.37B | +10.34% | 3.80B | -68.57B | 2.38 |
| Q2 FY2024 | 30 Jun 2024 | 64.99B | +5.34% | 2.47B | -62.51B | 2.16 |
| Q1 FY2024 | 31 Mar 2024 | 64.57B | +2.47% | 3.19B | -61.38B | 2.15 |
| Q4 FY2023 | 31 Dec 2023 | 63.66B | +8.49% | 3.68B | -59.98B | 2.15 |
| Q3 FY2023 | 30 Sept 2023 | 65.59B | +11.40% | 3.28B | -62.31B | 1.95 |
| Q2 FY2023 | 30 Jun 2023 | 61.69B | +7.99% | 1.69B | -60.00B | 1.82 |
| Q1 FY2023 | 31 Mar 2023 | 63.01B | +17.61% | 4.48B | -58.53B | 1.82 |
| Q4 FY2022 | 31 Dec 2022 | 58.68B | +10.41% | 620.00M | -58.06B | 1.73 |
| Q3 FY2022 | 30 Sept 2022 | 58.87B | +7.84% | 2.86B | -56.01B | 1.65 |
| Q2 FY2022 | 30 Jun 2022 | 57.13B | +9.24% | 2.04B | -55.09B | 1.75 |
| Q1 FY2022 | 31 Mar 2022 | 53.58B | +3.51% | 1.50B | -52.08B | 1.63 |
| Q4 FY2021 | 31 Dec 2021 | 53.15B | +6.32% | 673.00M | -52.47B | 1.60 |
| Q3 FY2021 | 30 Sept 2021 | 54.59B | +8.92% | 3.04B | -51.55B | 1.69 |
| Q2 FY2021 | 30 Jun 2021 | 52.30B | +3.31% | 3.10B | -49.20B | 1.63 |
| Q1 FY2021 | 31 Mar 2021 | 51.76B | -6.12% | 2.50B | -49.26B | 1.64 |
| Q4 FY2020 | 31 Dec 2020 | 49.99B | -0.77% | 1.53B | -48.46B | 1.59 |
| Q3 FY2020 | 30 Sept 2020 | 50.12B | +0.22% | 1.49B | -48.63B | 1.56 |
| Q2 FY2020 | 30 Jun 2020 | 50.62B | +1.81% | 2.38B | -48.24B | 1.56 |
| Q1 FY2020 | 31 Mar 2020 | 55.14B | +9.01% | 2.71B | -52.43B | 1.71 |
| Q4 FY2019 | 31 Dec 2019 | 50.38B | +0.27% | 1.52B | -48.85B | 1.64 |
| Q3 FY2019 | 30 Sept 2019 | 50.01B | +5.00% | 2.46B | -47.56B | 1.64 |
| Q2 FY2019 | 30 Jun 2019 | 49.72B | +5.71% | 964.00M | -48.76B | 1.66 |
| Q1 FY2019 | 31 Mar 2019 | 50.58B | +11.82% | 1.17B | -49.41B | 1.71 |
| Q4 FY2018 | 31 Dec 2018 | 50.24B | +15.47% | 1.17B | -49.08B | 1.71 |
| Q3 FY2018 | 30 Sept 2018 | 47.63B | +9.25% | 1.46B | -46.17B | 1.71 |
| Q2 FY2018 | 30 Jun 2018 | 47.04B | +8.58% | 1.81B | -45.23B | 1.73 |
| Q1 FY2018 | 31 Mar 2018 | 45.24B | -2.10% | 1.40B | -43.84B | 1.73 |
| Q4 FY2017 | 31 Dec 2017 | 43.51B | -3.00% | 1.41B | -42.10B | 1.74 |
| Q3 FY2017 | 30 Sept 2017 | 43.60B | -10.85% | 1.70B | -41.89B | 1.78 |
| Q2 FY2017 | 30 Jun 2017 | 43.32B | -0.66% | 1.80B | -41.52B | 1.77 |
| Q1 FY2017 | 31 Mar 2017 | 46.20B | +31.88% | 1.29B | -44.91B | 1.89 |
| Q4 FY2016 | 31 Dec 2016 | 44.86B | +27.85% | 1.38B | -43.48B | 1.85 |
| Q3 FY2016 | 30 Sept 2016 | 48.91B | +47.65% | 2.28B | -46.63B | 2.39 |
| Q2 FY2016 | 30 Jun 2016 | 43.61B | +40.83% | 2.14B | -41.47B | 2.61 |
| Q1 FY2016 | 31 Mar 2016 | 35.04B | +9.72% | 1.75B | -33.29B | 2.16 |
| Q4 FY2015 | 31 Dec 2015 | 35.08B | +23.60% | 1.18B | -33.90B | 2.13 |
| Q3 FY2015 | 30 Sept 2015 | 33.12B | +22.66% | 755.00M | -32.37B | 1.71 |
| Q2 FY2015 | 30 Jun 2015 | 30.97B | +20.48% | 590.00M | -30.38B | 1.61 |
| Q1 FY2015 | 31 Mar 2015 | 31.93B | +21.19% | 1.82B | -30.11B | 1.64 |
| Q4 FY2014 | 31 Dec 2014 | 28.38B | +10.14% | 489.00M | -27.90B | 1.49 |
| Q3 FY2014 | 30 Sept 2014 | 27.00B | +13.68% | 698.00M | -26.30B | 1.39 |
| Q2 FY2014 | 30 Jun 2014 | 25.70B | +8.68% | 567.00M | -25.14B | 1.35 |
| Q1 FY2014 | 31 Mar 2014 | 26.35B | +17.55% | 749.00M | -25.60B | 1.38 |
| Q4 FY2013 | 31 Dec 2013 | 25.77B | +16.18% | 927.00M | -24.84B | 1.39 |
| Q3 FY2013 | 30 Sept 2013 | 23.75B | +10.88% | 645.00M | -23.11B | 1.32 |
| Q2 FY2013 | 30 Jun 2013 | 23.65B | +8.07% | 746.00M | -22.90B | 1.33 |
| Q1 FY2013 | 31 Mar 2013 | 22.42B | +5.82% | 513.00M | -21.90B | 1.27 |
| Q4 FY2012 | 31 Dec 2012 | 22.18B | +2.99% | 551.00M | -21.63B | 1.31 |
| Q3 FY2012 | 30 Sept 2012 | 21.42B | -2.00% | 494.00M | -20.93B | 1.26 |
| Q2 FY2012 | 30 Jun 2012 | 21.88B | +5.40% | 490.00M | -21.39B | 1.30 |
| Q1 FY2012 | 31 Mar 2012 | 21.18B | -0.69% | 196.00M | -20.99B | 1.26 |
| Q4 FY2011 | 31 Dec 2011 | 21.54B | -1.50% | 765.00M | -20.77B | 1.28 |
| Q3 FY2011 | 30 Sept 2011 | 21.86B | -0.21% | 596.00M | -21.26B | 1.26 |
| Q2 FY2011 | 30 Jun 2011 | 20.76B | -3.45% | 468.00M | -20.29B | 1.22 |
| Q1 FY2011 | 31 Mar 2011 | 21.33B | +5.41% | 576.00M | -20.75B | 1.26 |
| Q4 FY2010 | 31 Dec 2010 | 21.87B | +7.43% | 764.00M | -21.10B | 1.31 |
| Q3 FY2010 | 30 Sept 2010 | 21.91B | +4.89% | 1.09B | -20.81B | 1.31 |
| Q2 FY2010 | 30 Jun 2010 | 21.50B | +0.45% | 1.21B | -20.29B | 1.30 |
| Q1 FY2010 | 31 Mar 2010 | 20.24B | -9.11% | 736.00M | -19.50B | 1.26 |
| Q4 FY2009 | 31 Dec 2009 | 20.35B | +1.03% | 997.00M | -19.36B | 1.29 |
| Q3 FY2009 | 30 Sept 2009 | 20.88B | +17.61% | 2.41B | -18.48B | 1.34 |
| Q2 FY2009 | 30 Jun 2009 | 21.41B | +57.22% | 3.48B | -17.92B | 1.43 |
| Q1 FY2009 | 31 Mar 2009 | 22.27B | +46.02% | 2.23B | -20.03B | 1.70 |
| Q4 FY2008 | 31 Dec 2008 | 20.15B | +32.26% | 1.31B | -18.84B | 1.56 |
| Q3 FY2008 | 30 Sept 2008 | 17.76B | +18.45% | 751.54M | -17.00B | 1.50 |
| Q2 FY2008 | 30 Jun 2008 | 13.61B | -10.71% | 1.96B | -11.66B | 1.18 |
| Q1 FY2008 | 31 Mar 2008 | 15.25B | -4.53% | 638.82M | -14.61B | 1.51 |
| Q4 FY2007 | 31 Dec 2007 | 15.23B | +14.97% | 504.00M | -14.73B | 1.28 |
| Q3 FY2007 | 30 Sept 2007 | 14.99B | +19.78% | 255.39M | -14.74B | 1.58 |
| Q2 FY2007 | 30 Jun 2007 | 15.25B | +21.72% | 340.06M | -14.91B | 1.63 |
| Q1 FY2007 | 31 Mar 2007 | 15.97B | +32.18% | 350.55M | -15.62B | 1.71 |
| Q4 FY2006 | 31 Dec 2006 | 13.25B | +10.66% | 399.58M | -12.85B | 1.46 |
| Q3 FY2006 | 30 Sept 2006 | 12.51B | +11.35% | 342.01M | -12.17B | 1.65 |
| Q2 FY2006 | 30 Jun 2006 | 12.53B | +1.38% | 314.56M | -12.21B | 1.69 |
| Q1 FY2006 | 31 Mar 2006 | 12.08B | -0.36% | 360.81M | -11.72B | 1.65 |
| Q4 FY2005 | 31 Dec 2005 | 11.97B | +0.09% | 211.65M | -11.76B | 1.66 |
| Q3 FY2005 | 30 Sept 2005 | 11.24B | +1.83% | 241.58M | -11.00B | 1.61 |
| Q2 FY2005 | 30 Jun 2005 | 12.36B | +8.87% | 209.89M | -12.15B | 1.83 |
| Q1 FY2005 | 31 Mar 2005 | 12.13B | +7.82% | 626.36M | -11.50B | 1.82 |
| Q4 FY2004 | 31 Dec 2004 | 11.96B | +7.17% | 188.38M | -11.77B | 1.82 |
| Q3 FY2004 | 30 Sept 2004 | 11.04B | -1.27% | 1.13B | -9.91B | 1.69 |
| Q2 FY2004 | 30 Jun 2004 | 11.35B | +1.24% | 995.33M | -10.35B | 1.76 |
| Q1 FY2004 | 31 Mar 2004 | 11.25B | — | 394.81M | -10.85B | 1.82 |
| Q4 FY2003 | 31 Dec 2003 | 11.16B | -0.02% | 337.50M | -10.82B | 1.83 |
| Q3 FY2003 | 30 Sept 2003 | 11.18B | — | 406.54M | -10.77B | 1.86 |
| Q2 FY2003 | 30 Jun 2003 | 11.21B | — | 456.57M | -10.75B | 1.90 |
| Q4 FY2002 | 31 Dec 2002 | 11.16B | -4.98% | 0.00 | -11.16B | 1.64 |
| Q4 FY2001 | 31 Dec 2001 | 11.75B | -4.54% | 0.00 | -11.75B | 1.81 |
| Q4 FY2000 | 31 Dec 2000 | 12.31B | — | 0.00 | -12.31B | 1.87 |
Figures in CAD at the end of each period. Net cash is cash and short-term investments less total debt; book value per share is on the diluted share count. The latest column is the most recent quarter.
Total debt counts commercial paper, term debt and lease liabilities.
See also:Revenue,Net income,EPS,Shares outstanding,Operating income,Cash on hand,Free cash flow,Stock buybacks,Balance sheet
Common questions about TC Energy's debt
Source: Financial Modeling Prep