TRP Net Debt vs Non Current Assets Total Analysis
TRP Stock | CAD 52.00 0.55 1.07% |
TC Energy financial indicator trend analysis is much more than just breaking down TC Energy Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether TC Energy Corp is a good investment. Please check the relationship between TC Energy Net Debt and its Non Current Assets Total accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TC Energy Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
Net Debt vs Non Current Assets Total
Net Debt vs Non Current Assets Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of TC Energy Corp Net Debt account and Non Current Assets Total. At this time, the significance of the direction appears to have totally related.
The correlation between TC Energy's Net Debt and Non Current Assets Total is 0.99. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of TC Energy Corp, assuming nothing else is changed. The correlation between historical values of TC Energy's Net Debt and Non Current Assets Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of TC Energy Corp are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Net Debt i.e., TC Energy's Net Debt and Non Current Assets Total go up and down completely randomly.
Correlation Coefficient | 0.99 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.Most indicators from TC Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into TC Energy Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TC Energy Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. As of the 9th of May 2024, Enterprise Value is likely to grow to about 62.7 B, while Selling General Administrative is likely to drop about 682.4 M.
2021 | 2022 | 2023 | 2024 (projected) | Operating Income | 7.2B | 7.3B | 6.9B | 5.4B | Total Revenue | 13.4B | 15.0B | 15.9B | 9.8B |
TC Energy fundamental ratios Correlations
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TC Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
TC Energy fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 931M | 940M | 974M | 996M | 1.0B | 569.4M | |
Total Assets | 99.3B | 100.3B | 104.2B | 114.3B | 125.0B | 64.6B | |
Short Long Term Debt Total | 49.9B | 49.6B | 52.8B | 58.3B | 67.0B | 70.4B | |
Other Current Liab | 1.4B | 1.9B | 1.4B | 1.5B | 2.0B | 1.4B | |
Total Current Liabilities | 12.9B | 12.0B | 13.0B | 16.9B | 11.8B | 7.8B | |
Total Stockholder Equity | 30.8B | 31.4B | 33.3B | 34.0B | 29.6B | 19.6B | |
Property Plant And Equipment Net | 65.5B | 69.8B | 70.2B | 77.8B | 83.1B | 45.5B | |
Net Debt | 48.6B | 48.0B | 52.1B | 57.7B | 59.5B | 31.6B | |
Retained Earnings | 4.0B | 5.4B | 3.8B | 819M | (3.0B) | (2.8B) | |
Accounts Payable | 4.5B | 3.8B | 5.1B | 7.1B | 4.8B | 2.7B | |
Non Current Assets Total | 91.6B | 95.1B | 96.8B | 107.0B | 113.7B | 60.0B | |
Non Currrent Assets Other | 4.5B | 5.8B | 5.1B | 5.7B | 5.3B | 3.3B | |
Net Receivables | 2.4B | 2.2B | 4.3B | 3.6B | 4.2B | 4.4B | |
Common Stock Total Equity | 21.2B | 23.2B | 24.4B | 24.5B | 28.2B | 16.1B | |
Liabilities And Stockholders Equity | 99.3B | 100.3B | 104.2B | 114.3B | 131.5B | 138.1B | |
Non Current Liabilities Total | 54.0B | 54.8B | 57.8B | 63.3B | 74.2B | 43.8B | |
Inventory | 452M | 629M | 724M | 936M | 1.3B | 1.4B | |
Other Current Assets | 627M | 880M | 1.7B | 2.2B | 491M | 466.5M | |
Other Stockholder Equity | (1.6B) | 4M | 729M | 722M | 649.8M | 617.3M | |
Total Liab | 66.9B | 66.8B | 70.8B | 80.2B | 86.0B | 43.5B | |
Property Plant And Equipment Gross | 65.5B | 69.8B | 102.1B | 112.5B | 119.7B | 125.7B | |
Total Current Assets | 7.7B | 5.2B | 7.4B | 7.3B | 11.4B | 11.9B | |
Accumulated Other Comprehensive Income | (1.6B) | (2.4B) | (1.4B) | 955M | 1.1B | 1.2B | |
Short Term Debt | 7.0B | 6.1B | 6.5B | 8.2B | 9.4B | 9.9B | |
Common Stock | 24.4B | 24.5B | 26.7B | 29.0B | 33.3B | 18.2B | |
Cash | 1.3B | 1.5B | 673M | 620M | 3.7B | 3.9B | |
Cash And Short Term Investments | 1.3B | 1.5B | 673M | 620M | 713M | 825.5M | |
Other Assets | 6.7B | 5.9B | 5.6B | 6.4B | 7.4B | 4.9B | |
Good Will | 12.9B | 12.7B | 12.6B | 12.8B | 12.5B | 9.4B | |
Intangible Assets | 1.1B | 2.2B | 231M | 14M | 12.6M | 12.0M | |
Other Liab | 10.6B | 11.0B | 11.1B | 12.8B | 14.7B | 10.8B | |
Net Tangible Assets | 13.9B | 14.7B | 17.2B | 18.6B | 21.4B | 13.6B | |
Long Term Debt | 42.9B | 43.4B | 46.3B | 50.1B | 60.3B | 44.7B | |
Deferred Long Term Liab | 596M | 1.1B | 1.7B | 231M | 207.9M | 197.5M | |
Long Term Investments | 6.5B | 6.7B | 8.4B | 9.5B | 10.3B | 7.9B | |
Short Long Term Debt | 7.0B | 6.1B | 6.5B | 8.2B | 2.9B | 5.4B | |
Property Plant Equipment | 65.5B | 69.8B | 70.2B | 75.9B | 87.3B | 64.2B | |
Long Term Debt Total | 42.9B | 43.4B | 46.3B | 50.1B | 57.7B | 46.6B | |
Non Current Liabilities Other | 4.0B | 4.4B | 4.5B | 4.8B | 5.1B | 4.7B |
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When determining whether TC Energy Corp is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if TRP Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Tc Energy Corp Stock. Highlighted below are key reports to facilitate an investment decision about Tc Energy Corp Stock:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TC Energy Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
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When running TC Energy's price analysis, check to measure TC Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy TC Energy is operating at the current time. Most of TC Energy's value examination focuses on studying past and present price action to predict the probability of TC Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TC Energy's price. Additionally, you may evaluate how the addition of TC Energy to your portfolios can decrease your overall portfolio volatility.
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