TC Energy Corp (TRP) — Capital Reinvestment Ratio
Latest as of March 2026:
0.41x
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). See how much free cash does TC Energy Corp generate to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
0.41x
Capex / Operating Cash Flow
Operating Cash Flow
CA$2.60 Billion
CAD
Capital Expenditures
CA$1.07 Billion
CAD
Data as of
Mar 2026
Most recent filing
TC Energy Corp Capital Reinvestment Ratio (2000–2025)
This chart tracks TC Energy Corp's Capital Reinvestment Ratio across 26 annual periods.
Annual Capital Reinvestment Ratio for TC Energy Corp (2000–2025)
Year-by-year Capital Reinvestment Ratio for TC Energy Corp from 2000 to 2025. For live market cap and broader valuation context, see TC Energy Corp market capitalisation.
| 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 | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow