TC Energy Corp (TRP) — Capital Reinvestment Ratio
TC Energy Corp (TRP) has a Capital Reinvestment Ratio of 0.41x as of March 2026, meaning it reinvests 0% of its operating cash flow (CA$2.60 Billion) in capital expenditures (CA$1.07 Billion). Check TC Energy Corp (TRP) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
TC Energy Corp Capital Reinvestment Ratio (2000–2025)
This chart tracks TC Energy Corp's Capital Reinvestment Ratio across 26 annual periods. For the full cash flow conversion analysis, see cash flow conversion of TC Energy Corp.
Annual Capital Reinvestment Ratio for TC Energy Corp (2000–2025)
Year-by-year Capital Reinvestment Ratio for TC Energy Corp from 2000 to 2025. See TRP free cash flow generation to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (CAD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.72x | CA$7.35 Billion | CA$5.27 Billion | ▼ -13.2% |
| 2024 | 0.83x | CA$7.70 Billion | CA$6.36 Billion | ▼ -26.3% |
| 2023 | 1.12x | CA$7.27 Billion | CA$8.15 Billion | ▲ +6.3% |
| 2022 | 1.06x | CA$6.38 Billion | CA$6.73 Billion | ▲ +22.7% |
| 2021 | 0.86x | CA$6.89 Billion | CA$5.92 Billion | ▼ -25.4% |
| 2020 | 1.15x | CA$7.06 Billion | CA$8.13 Billion | ▼ -0.2% |
| 2019 | 1.16x | CA$7.08 Billion | CA$8.18 Billion | ▼ -23.6% |
| 2018 | 1.51x | CA$6.55 Billion | CA$9.91 Billion | ▲ +5.1% |
| 2017 | 1.44x | CA$5.23 Billion | CA$7.53 Billion | ▲ +37.6% |
| 2016 | 1.05x | CA$5.07 Billion | CA$5.30 Billion | ▲ +3.5% |
| 2015 | 1.01x | CA$4.38 Billion | CA$4.43 Billion | ▼ -5.0% |
| 2014 | 1.06x | CA$4.08 Billion | CA$4.34 Billion | ▼ -17.8% |
| 2013 | 1.29x | CA$3.67 Billion | CA$4.75 Billion | ▲ +78.0% |
| 2012 | 0.73x | CA$3.57 Billion | CA$2.60 Billion | ▲ +6.6% |
| 2011 | 0.68x | CA$3.69 Billion | CA$2.51 Billion | ▼ -58.3% |
| 2010 | 1.63x | CA$3.08 Billion | CA$5.04 Billion | ▼ -9.8% |
| 2009 | 1.81x | CA$2.99 Billion | CA$5.42 Billion | ▲ +64.2% |
| 2008 | 1.10x | CA$2.84 Billion | CA$3.13 Billion | ▲ +89.6% |
| 2007 | 0.58x | CA$2.84 Billion | CA$1.65 Billion | ▼ -23.1% |
| 2006 | 0.76x | CA$2.07 Billion | CA$1.57 Billion | ▲ +91.2% |
| 2005 | 0.40x | CA$1.90 Billion | CA$753.58 Million | ▲ +29.3% |
| 2004 | 0.31x | CA$1.73 Billion | CA$530.36 Million | ▲ +49.0% |
| 2003 | 0.21x | CA$1.91 Billion | CA$391.60 Million | ▼ -34.2% |
| 2002 | 0.31x | CA$1.92 Billion | CA$599.00 Million | ▼ -28.0% |
| 2001 | 0.43x | CA$1.14 Billion | CA$492.00 Million | ▼ -8.2% |
| 2000 | 0.47x | CA$1.72 Billion | CA$812.00 Million | — |