Balance Sheet Dive: TC Energy Corporation (TRP)’s Debt-to-Equity and Long-Term Debt/Eq Ratios

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After finishing at $38.53 in the prior trading day, TC Energy Corporation (NYSE: TRP) closed at $38.55, up 0.05%. In other words, the price has increased by $0.05 from its previous closing price. On the day, 6.01 million shares were traded. TRP stock price reached its highest trading level at $38.77 during the session, while it also had its lowest trading level at $38.44.

Ratios:

Our goal is to gain a better understanding of TRP by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.85 and its Current Ratio is at 0.94. In the meantime, Its Debt-to-Equity ratio is 2.15 whereas as Long-Term Debt/Eq ratio is at 2.03.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TRP now has a Market Capitalization of 40102793216 and an Enterprise Value of 110776000512. As of this moment, TC’s Price-to-Earnings (P/E) ratio for their current fiscal year is 19.92, and their Forward P/E ratio for the next fiscal year is 12.52. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.51 while its Price-to-Book (P/B) ratio in mrq is 1.96. Its current Enterprise Value per Revenue stands at 6.817 whereas that against EBITDA is 11.452.

Stock Price History:

The Beta on a monthly basis for TRP is 0.84, which has changed by -0.046028197 over the last 52 weeks, in comparison to a change of 0.23200047 over the same period for the S&P500. Over the past 52 weeks, TRP has reached a high of $41.03, while it has fallen to a 52-week low of $32.51. The 50-Day Moving Average of the stock is 1.79%, while the 200-Day Moving Average is calculated to be 1.97%.

Shares Statistics:

The stock has traded on average 3.44M shares per day over the past 3-months and 2806930 shares per day over the last 10 days, according to various share statistics. A total of 1.04B shares are outstanding, with a floating share count of 1.04B. Insiders hold about 0.09% of the company’s shares, while institutions hold 81.27% stake in the company. Shares short for TRP as of 1718323200 were 23461737 with a Short Ratio of 4.66, compared to 1715731200 on 13724352.

Dividends & Splits

In the trailing 12 months, TRP’s forward annual dividend rate was 3.75, compared to 2.80 this year. Against a Trailing Annual Dividend Yield of 0.09732676The stock’s 5-year Average Dividend Yield is 5.81. The current Payout Ratio is 135.44% for TRP, which recently paid a dividend on 2024-03-27 with an ex-dividend date of 1719532800. Stock splits for the company last occurred on 1984-02-13 when the company split stock in a 2:1 ratio.

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