Debt-to-Equity Ratio

The Debt-to-Equity Ratio measures how a company finances its operations by comparing total liabilities to shareholders' equity—at 2.25x, TC Energy uses $2.25 of debt for every $1 of equity, indicating a leveraged capital structure.

This is far above the Energy sector median of 0.76x, placing the company in the 88th percentile of its peers, meaning only 12% of sector firms carry higher relative debt. Trend data for this metric is not available: year-over-year change and quarter-over-quarter change are both marked "N/A," and no historical values or trend direction are provided for the last eight quarters. Without trend information, the combination of a high level against a low sector median suggests elevated financial risk from debt reliance, but offers no insight into whether leverage is rising or falling. This metric supports the overall NEUTRAL verdict, as the high debt ratio introduces risk that may offset other positive factors in the stock's assessment, calling for caution rather than a clear bullish or bearish stance.

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