TRP Net Working Capital vs Net Receivables 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 Working Capital and its Net Receivables 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 Working Capital vs Net Receivables

Net Working Capital vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of TC Energy Corp Net Working Capital account and Net Receivables. At this time, the significance of the direction appears to have weak relationship.

The correlation between TC Energy's Net Working Capital and Net Receivables is 0.3. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Net Receivables 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 Working Capital and Net Receivables 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 Working Capital of TC Energy Corp are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Net Working Capital i.e., TC Energy's Net Working Capital and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.3

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Net Working Capital

Net Receivables

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 Income	7.2B	7.3B	6.9B	5.4B
Total Revenue	13.4B	15.0B	15.9B	9.8B

Operating Income Total Revenue

TC Energy fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Common Stock Total Equity	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock	Cash	Cash And Short Term Investments	Other Assets
Common Stock Shares Outstanding		0.88	0.63	-0.16	0.71	0.91	0.9	0.86	0.1	0.55	0.9	0.74	0.36	0.89	0.83	0.31	-0.31	-0.54	0.85	0.55	0.21	0.6	0.86	0.16	0.4	0.86
Total Assets	0.88		0.82	0.07	0.87	0.95	0.99	1.0	-0.25	0.77	1.0	0.87	0.64	0.98	0.98	0.53	-0.11	-0.55	1.0	0.73	0.53	0.73	0.98	0.32	0.34	0.91
Short Long Term Debt Total	0.63	0.82		-0.01	0.69	0.75	0.82	0.82	-0.57	0.65	0.82	0.72	0.85	0.82	0.88	0.84	-0.23	-0.52	0.82	0.94	0.83	0.93	0.86	0.69	0.29	0.82
Other Current Liab	-0.16	0.07	-0.01		0.08	-0.06	0.01	0.11	-0.22	-0.14	0.07	-0.03	-0.01	0.03	0.1	-0.22	0.4	-0.31	0.12	-0.19	-0.04	-0.18	-0.01	-0.18	-0.22	-0.11
Total Current Liabilities	0.71	0.87	0.69	0.08		0.89	0.88	0.89	-0.16	0.91	0.88	0.92	0.64	0.84	0.81	0.46	-0.08	-0.39	0.88	0.67	0.41	0.69	0.86	0.07	0.16	0.77
Total Stockholder Equity	0.91	0.95	0.75	-0.06	0.89		0.96	0.94	-0.02	0.76	0.96	0.88	0.57	0.96	0.9	0.43	-0.16	-0.53	0.93	0.68	0.39	0.69	0.94	0.17	0.4	0.92
Property Plant And Equipment Net	0.9	0.99	0.82	0.01	0.88	0.96		0.99	-0.22	0.79	1.0	0.9	0.64	0.98	0.97	0.56	-0.17	-0.5	0.99	0.75	0.51	0.76	0.98	0.33	0.34	0.91
Net Debt	0.86	1.0	0.82	0.11	0.89	0.94	0.99		-0.26	0.78	0.99	0.86	0.65	0.97	0.98	0.52	-0.07	-0.56	1.0	0.73	0.53	0.72	0.97	0.29	0.32	0.87
Retained Earnings	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	-0.07	0.04	-0.3	-0.61	-0.82	-0.5	-0.32	-0.71	0.2	-0.19
Accounts Payable	0.55	0.77	0.65	-0.14	0.91	0.76	0.79	0.78	-0.33		0.76	0.86	0.73	0.74	0.73	0.6	0.02	-0.09	0.78	0.71	0.55	0.65	0.8	0.17	0.1	0.68
Non Current Assets Total	0.9	1.0	0.82	0.07	0.88	0.96	1.0	0.99	-0.22	0.76		0.88	0.63	0.98	0.98	0.52	-0.13	-0.56	0.99	0.73	0.5	0.73	0.98	0.3	0.35	0.91
Non Currrent Assets Other	0.74	0.87	0.72	-0.03	0.92	0.88	0.9	0.86	-0.16	0.86	0.88		0.66	0.88	0.82	0.56	-0.27	-0.31	0.86	0.7	0.43	0.73	0.89	0.26	0.32	0.8
Net Receivables	0.36	0.64	0.85	-0.01	0.64	0.57	0.64	0.65	-0.7	0.73	0.63	0.66		0.64	0.7	0.88	-0.12	-0.23	0.66	0.92	0.86	0.82	0.73	0.61	-0.04	0.61
Common Stock Total Equity	0.89	0.98	0.82	0.03	0.84	0.96	0.98	0.97	-0.21	0.74	0.98	0.88	0.64		0.96	0.52	-0.17	-0.54	0.97	0.72	0.53	0.74	0.98	0.35	0.42	0.95
Non Current Liabilities Total	0.83	0.98	0.88	0.1	0.81	0.9	0.97	0.98	-0.37	0.73	0.98	0.82	0.7	0.96		0.61	-0.09	-0.58	0.99	0.79	0.63	0.76	0.97	0.43	0.35	0.89
Inventory	0.31	0.53	0.84	-0.22	0.46	0.43	0.56	0.52	-0.75	0.6	0.52	0.56	0.88	0.52	0.61		-0.28	-0.11	0.53	0.93	0.88	0.87	0.64	0.83	0.03	0.57
Other Current Assets	-0.31	-0.11	-0.23	0.4	-0.08	-0.16	-0.17	-0.07	-0.07	0.02	-0.13	-0.27	-0.12	-0.17	-0.09	-0.28		0.14	-0.05	-0.26	0.0	-0.48	-0.18	-0.42	-0.24	-0.27
Other Stockholder Equity	-0.54	-0.55	-0.52	-0.31	-0.39	-0.53	-0.5	-0.56	0.04	-0.09	-0.56	-0.31	-0.23	-0.54	-0.58	-0.11	0.14		-0.55	-0.35	-0.21	-0.42	-0.49	-0.19	-0.37	-0.5
Total Liab	0.85	1.0	0.82	0.12	0.88	0.93	0.99	1.0	-0.3	0.78	0.99	0.86	0.66	0.97	0.99	0.53	-0.05	-0.55		0.73	0.55	0.71	0.97	0.31	0.32	0.88
Property Plant And Equipment Gross	0.55	0.73	0.94	-0.19	0.67	0.68	0.75	0.73	-0.61	0.71	0.73	0.7	0.92	0.72	0.79	0.93	-0.26	-0.35	0.73		0.83	0.94	0.81	0.69	0.1	0.74
Total Current Assets	0.21	0.53	0.83	-0.04	0.41	0.39	0.51	0.53	-0.82	0.55	0.5	0.43	0.86	0.53	0.63	0.88	0.0	-0.21	0.55	0.83		0.75	0.61	0.81	0.11	0.56
Short Term Debt	0.6	0.73	0.93	-0.18	0.69	0.69	0.76	0.72	-0.5	0.65	0.73	0.73	0.82	0.74	0.76	0.87	-0.48	-0.42	0.71	0.94	0.75		0.8	0.7	0.18	0.79
Common Stock	0.86	0.98	0.86	-0.01	0.86	0.94	0.98	0.97	-0.32	0.8	0.98	0.89	0.73	0.98	0.97	0.64	-0.18	-0.49	0.97	0.81	0.61	0.8		0.42	0.32	0.94
Cash	0.16	0.32	0.69	-0.18	0.07	0.17	0.33	0.29	-0.71	0.17	0.3	0.26	0.61	0.35	0.43	0.83	-0.42	-0.19	0.31	0.69	0.81	0.7	0.42		0.25	0.43
Cash And Short Term Investments	0.4	0.34	0.29	-0.22	0.16	0.4	0.34	0.32	0.2	0.1	0.35	0.32	-0.04	0.42	0.35	0.03	-0.24	-0.37	0.32	0.1	0.11	0.18	0.32	0.25		0.38
Other Assets	0.86	0.91	0.82	-0.11	0.77	0.92	0.91	0.87	-0.19	0.68	0.91	0.8	0.61	0.95	0.89	0.57	-0.27	-0.5	0.88	0.74	0.56	0.79	0.94	0.43	0.38

Click cells to compare fundamentals

TC Energy Account Relationship Matchups

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

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

GM	General Motors
S	SentinelOne
MSFT	Microsoft
C	Citigroup
F	Ford Motor

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:

How To Invest In TRP

Details

Is TRP Stock a good investment?

Details

What is TC Energy's Net Worth?

Details

Largest Oil & Gas Storage & Transportation Companies

View

Largest Oil & Gas Midstream Companies

View

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 Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.

Complementary Tools for TRP Stock analysis

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.

	Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency
	Commodity Channel Use Commodity Channel Index to analyze current equity momentum
	Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments
	FinTech Suite Use AI to screen and filter profitable investment opportunities
	Volatility Analysis Get historical volatility and risk analysis based on latest market data
	Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years
	Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope
	Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios.

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

TRP Net Working Capital vs Net Receivables Analysis

Net Working Capital vs Net Receivables

Net Working Capital vs Net Receivables Correlation Analysis

Correlation Coefficient

Net Working Capital

Net Receivables

TC Energy fundamental ratios Correlations

TC Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

TC Energy fundamental ratios Accounts

Currently Active Assets on Macroaxis

Complementary Tools for TRP Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Debt	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Total Liab	+ 1.0	Net Debt
Property Plant And Equipment Net	+ 0.99	Total Assets

Total Current Assets	- 0.82	Retained Earnings
Inventory	- 0.75	Retained Earnings
Cash	- 0.71	Retained Earnings
Net Receivables	- 0.7	Retained Earnings
Property Plant And Equipment Gross	- 0.61	Retained Earnings
Other Stockholder Equity	- 0.58	Non Current Liabilities Total