TRP Total Current Liabilities vs Total Stockholder Equity 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 Total Current Liabilities and its Total Stockholder Equity 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.
Total Current Liabilities vs Total Stockholder Equity
Total Current Liabilities vs Total Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of TC Energy Corp Total Current Liabilities account and Total Stockholder Equity. At this time, the significance of the direction appears to have very strong relationship.
The correlation between TC Energy's Total Current Liabilities and Total Stockholder Equity is 0.89. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Total Stockholder Equity 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 Total Current Liabilities and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of TC Energy Corp are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Total Current Liabilities i.e., TC Energy's Total Current Liabilities and Total Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.89 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Total Current Liabilities
Total Current Liabilities is an item on TC Energy balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of TC Energy Corp are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.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 |
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 Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
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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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