TRP Net Invested Capital vs Capital Stock Analysis

TRP Stock  CAD 49.30  0.03  0.06%   
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 Invested Capital and its Capital Stock 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 Invested Capital vs Capital Stock

Net Invested Capital vs Capital Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of TC Energy Corp Net Invested Capital account and Capital Stock. At this time, the significance of the direction appears to have almost identical trend.
The correlation between TC Energy's Net Invested Capital and Capital Stock is 0.93. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Capital Stock 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 Invested Capital and Capital Stock 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 Invested Capital of TC Energy Corp are associated (or correlated) with its Capital Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Stock has no effect on the direction of Net Invested Capital i.e., TC Energy's Net Invested Capital and Capital Stock go up and down completely randomly.

Correlation Coefficient

0.93
Relationship DirectionPositive 
Relationship StrengthVery Strong

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Capital Stock

The total amount of a company’s capital funded by shareholders through the issue and subscription of shares.
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 28th of April 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 Income7.2B7.3B6.9B5.4B
Total Revenue13.4B15.0B15.9B9.8B

TC Energy fundamental ratios Correlations

0.880.63-0.160.710.910.90.860.10.550.90.740.360.890.830.31-0.31-0.540.850.550.210.60.860.160.40.86
0.880.820.070.870.950.991.0-0.250.771.00.870.640.980.980.53-0.11-0.551.00.730.530.730.980.320.340.91
0.630.82-0.010.690.750.820.82-0.570.650.820.720.850.820.880.84-0.23-0.520.820.940.830.930.860.690.290.82
-0.160.07-0.010.08-0.060.010.11-0.22-0.140.07-0.03-0.010.030.1-0.220.4-0.310.12-0.19-0.04-0.18-0.01-0.18-0.22-0.11
0.710.870.690.080.890.880.89-0.160.910.880.920.640.840.810.46-0.08-0.390.880.670.410.690.860.070.160.77
0.910.950.75-0.060.890.960.94-0.020.760.960.880.570.960.90.43-0.16-0.530.930.680.390.690.940.170.40.92
0.90.990.820.010.880.960.99-0.220.791.00.90.640.980.970.56-0.17-0.50.990.750.510.760.980.330.340.91
0.861.00.820.110.890.940.99-0.260.780.990.860.650.970.980.52-0.07-0.561.00.730.530.720.970.290.320.87
0.1-0.25-0.57-0.22-0.16-0.02-0.22-0.26-0.33-0.22-0.16-0.7-0.21-0.37-0.75-0.070.04-0.3-0.61-0.82-0.5-0.32-0.710.2-0.19
0.550.770.65-0.140.910.760.790.78-0.330.760.860.730.740.730.60.02-0.090.780.710.550.650.80.170.10.68
0.91.00.820.070.880.961.00.99-0.220.760.880.630.980.980.52-0.13-0.560.990.730.50.730.980.30.350.91
0.740.870.72-0.030.920.880.90.86-0.160.860.880.660.880.820.56-0.27-0.310.860.70.430.730.890.260.320.8
0.360.640.85-0.010.640.570.640.65-0.70.730.630.660.640.70.88-0.12-0.230.660.920.860.820.730.61-0.040.61
0.890.980.820.030.840.960.980.97-0.210.740.980.880.640.960.52-0.17-0.540.970.720.530.740.980.350.420.95
0.830.980.880.10.810.90.970.98-0.370.730.980.820.70.960.61-0.09-0.580.990.790.630.760.970.430.350.89
0.310.530.84-0.220.460.430.560.52-0.750.60.520.560.880.520.61-0.28-0.110.530.930.880.870.640.830.030.57
-0.31-0.11-0.230.4-0.08-0.16-0.17-0.07-0.070.02-0.13-0.27-0.12-0.17-0.09-0.280.14-0.05-0.260.0-0.48-0.18-0.42-0.24-0.27
-0.54-0.55-0.52-0.31-0.39-0.53-0.5-0.560.04-0.09-0.56-0.31-0.23-0.54-0.58-0.110.14-0.55-0.35-0.21-0.42-0.49-0.19-0.37-0.5
0.851.00.820.120.880.930.991.0-0.30.780.990.860.660.970.990.53-0.05-0.550.730.550.710.970.310.320.88
0.550.730.94-0.190.670.680.750.73-0.610.710.730.70.920.720.790.93-0.26-0.350.730.830.940.810.690.10.74
0.210.530.83-0.040.410.390.510.53-0.820.550.50.430.860.530.630.880.0-0.210.550.830.750.610.810.110.56
0.60.730.93-0.180.690.690.760.72-0.50.650.730.730.820.740.760.87-0.48-0.420.710.940.750.80.70.180.79
0.860.980.86-0.010.860.940.980.97-0.320.80.980.890.730.980.970.64-0.18-0.490.970.810.610.80.420.320.94
0.160.320.69-0.180.070.170.330.29-0.710.170.30.260.610.350.430.83-0.42-0.190.310.690.810.70.420.250.43
0.40.340.29-0.220.160.40.340.320.20.10.350.32-0.040.420.350.03-0.24-0.370.320.10.110.180.320.250.38
0.860.910.82-0.110.770.920.910.87-0.190.680.910.80.610.950.890.57-0.27-0.50.880.740.560.790.940.430.38
Click cells to compare fundamentals

TC Energy Account Relationship Matchups

TC Energy fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding931M940M974M996M1.0B569.4M
Total Assets99.3B100.3B104.2B114.3B125.0B64.6B
Short Long Term Debt Total49.9B49.6B52.8B58.3B67.0B70.4B
Other Current Liab1.4B1.9B1.4B1.5B2.0B1.4B
Total Current Liabilities12.9B12.0B13.0B16.9B11.8B7.8B
Total Stockholder Equity30.8B31.4B33.3B34.0B29.6B19.6B
Property Plant And Equipment Net65.5B69.8B70.2B77.8B83.1B45.5B
Net Debt48.6B48.0B52.1B57.7B59.5B31.6B
Retained Earnings4.0B5.4B3.8B819M(3.0B)(2.8B)
Accounts Payable4.5B3.8B5.1B7.1B4.8B2.7B
Non Current Assets Total91.6B95.1B96.8B107.0B113.7B60.0B
Non Currrent Assets Other4.5B5.8B5.1B5.7B5.3B3.3B
Net Receivables2.4B2.2B4.3B3.6B4.2B4.4B
Common Stock Total Equity21.2B23.2B24.4B24.5B28.2B16.1B
Liabilities And Stockholders Equity99.3B100.3B104.2B114.3B131.5B138.1B
Non Current Liabilities Total54.0B54.8B57.8B63.3B74.2B43.8B
Inventory452M629M724M936M1.3B1.4B
Other Current Assets627M880M1.7B2.2B491M466.5M
Other Stockholder Equity(1.6B)4M729M722M649.8M617.3M
Total Liab66.9B66.8B70.8B80.2B86.0B43.5B
Property Plant And Equipment Gross65.5B69.8B102.1B112.5B119.7B125.7B
Total Current Assets7.7B5.2B7.4B7.3B11.4B11.9B
Accumulated Other Comprehensive Income(1.6B)(2.4B)(1.4B)955M1.1B1.2B
Short Term Debt7.0B6.1B6.5B8.2B9.4B9.9B
Common Stock24.4B24.5B26.7B29.0B33.3B18.2B
Cash1.3B1.5B673M620M3.7B3.9B
Cash And Short Term Investments1.3B1.5B673M620M713M825.5M
Other Assets6.7B5.9B5.6B6.4B7.4B4.9B
Good Will12.9B12.7B12.6B12.8B12.5B9.4B
Intangible Assets1.1B2.2B231M14M12.6M12.0M
Other Liab10.6B11.0B11.1B12.8B14.7B10.8B
Net Tangible Assets13.9B14.7B17.2B18.6B21.4B13.6B
Long Term Debt42.9B43.4B46.3B50.1B60.3B44.7B
Deferred Long Term Liab596M1.1B1.7B231M207.9M197.5M
Long Term Investments6.5B6.7B8.4B9.5B10.3B7.9B
Short Long Term Debt7.0B6.1B6.5B8.2B2.9B5.4B
Property Plant Equipment65.5B69.8B70.2B75.9B87.3B64.2B
Long Term Debt Total42.9B43.4B46.3B50.1B57.7B46.6B
Non Current Liabilities Other4.0B4.4B4.5B4.8B5.1B4.7B
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards TC Energy in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, TC Energy's short interest history, or implied volatility extrapolated from TC Energy options trading.

Currently Active Assets on Macroaxis

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 Stocks Directory module to find actively traded stocks across global markets.

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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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Please note, there is a significant difference between TC Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if TC Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TC Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.