TC Energy Corp (TRP) - Cash Flow Conversion Efficiency
Based on the latest financial reports, TC Energy Corp (TRP) has a cash flow conversion efficiency ratio of 0.051x as of December 2025. Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow (CA$1.89 Billion ≈ $1.37 Billion USD) by net assets (CA$36.90 Billion ≈ $26.69 Billion USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. Also explore how large is TC Energy Corp's balance sheet for the complete picture of this company's asset base.
TC Energy Corp - Cash Flow Conversion Efficiency Trend (2000–2025)
This chart illustrates how TC Energy Corp's cash flow conversion efficiency has evolved over time, based on yearly financial data. For the full company profile with market capitalisation and key ratios, see TC Energy Corp market cap and net worth.
TC Energy Corp Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of TC Energy Corp ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Truist Financial Corp
NYSE:TFC
|
0.023x |
|
Manulife Financial Corp
TO:MFC
|
0.164x |
|
Atlas Copco A ADR
F:ACO
|
0.076x |
|
Phillips 66
NYSE:PSX
|
0.098x |
|
ENGIE ADR/1 EO 1
F:GZFB
|
N/A |
|
Elevance Health Inc
NYSE:ELV
|
0.002x |
|
Macquarie Group Ltd
AU:MQG
|
-0.338x |
|
TE Connectivity Ltd
NYSE:TEL
|
0.112x |
Annual Cash Flow Conversion Efficiency for TC Energy Corp (2000–2025)
The table below shows the annual cash flow conversion efficiency of TC Energy Corp from 2000 to 2025. See TRP net assets for net asset value and shareholders' equity analysis.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2025-12-31 | CA$36.90 Billion ≈ $26.69 Billion |
CA$7.35 Billion ≈ $5.32 Billion |
0.199x | -0.70% |
| 2024-12-31 | CA$38.36 Billion ≈ $27.75 Billion |
CA$7.70 Billion ≈ $5.57 Billion |
0.201x | +7.68% |
| 2023-12-31 | CA$39.01 Billion ≈ $28.22 Billion |
CA$7.27 Billion ≈ $5.26 Billion |
0.186x | -0.29% |
| 2022-12-31 | CA$34.12 Billion ≈ $24.68 Billion |
CA$6.38 Billion ≈ $4.61 Billion |
0.187x | -9.43% |
| 2021-12-31 | CA$33.40 Billion ≈ $24.16 Billion |
CA$6.89 Billion ≈ $4.98 Billion |
0.206x | -2.16% |
| 2020-12-31 | CA$33.47 Billion ≈ $24.21 Billion |
CA$7.06 Billion ≈ $5.11 Billion |
0.211x | -3.54% |
| 2019-12-31 | CA$32.40 Billion ≈ $23.44 Billion |
CA$7.08 Billion ≈ $5.12 Billion |
0.219x | +3.36% |
| 2018-12-31 | CA$30.99 Billion ≈ $22.42 Billion |
CA$6.55 Billion ≈ $4.74 Billion |
0.211x | +8.75% |
| 2017-12-31 | CA$26.89 Billion ≈ $19.45 Billion |
CA$5.23 Billion ≈ $3.78 Billion |
0.194x | -0.31% |
| 2016-12-31 | CA$25.98 Billion ≈ $18.80 Billion |
CA$5.07 Billion ≈ $3.67 Billion |
0.195x | -18.83% |
| 2015-12-31 | CA$18.24 Billion ≈ $13.19 Billion |
CA$4.38 Billion ≈ $3.17 Billion |
0.240x | +21.70% |
| 2014-12-31 | CA$20.65 Billion ≈ $14.94 Billion |
CA$4.08 Billion ≈ $2.95 Billion |
0.198x | +8.24% |
| 2013-12-31 | CA$20.14 Billion ≈ $14.57 Billion |
CA$3.67 Billion ≈ $2.66 Billion |
0.182x | -6.31% |
| 2012-12-31 | CA$18.34 Billion ≈ $13.26 Billion |
CA$3.57 Billion ≈ $2.58 Billion |
0.195x | -3.53% |
| 2011-12-31 | CA$18.26 Billion ≈ $13.21 Billion |
CA$3.69 Billion ≈ $2.67 Billion |
0.202x | +17.14% |
| 2010-12-31 | CA$17.88 Billion ≈ $12.94 Billion |
CA$3.08 Billion ≈ $2.23 Billion |
0.172x | -2.40% |
| 2009-12-31 | CA$16.93 Billion ≈ $12.25 Billion |
CA$2.99 Billion ≈ $2.16 Billion |
0.177x | -12.38% |
| 2008-12-31 | CA$14.09 Billion ≈ $10.19 Billion |
CA$2.84 Billion ≈ $2.05 Billion |
0.202x | -23.37% |
| 2007-12-31 | CA$10.78 Billion ≈ $7.80 Billion |
CA$2.84 Billion ≈ $2.05 Billion |
0.263x | +2.25% |
| 2006-12-31 | CA$8.07 Billion ≈ $5.84 Billion |
CA$2.07 Billion ≈ $1.50 Billion |
0.257x | +2.73% |
| 2005-12-31 | CA$7.60 Billion ≈ $5.50 Billion |
CA$1.90 Billion ≈ $1.38 Billion |
0.250x | -0.59% |
| 2004-12-31 | CA$6.88 Billion ≈ $4.97 Billion |
CA$1.73 Billion ≈ $1.25 Billion |
0.252x | -18.41% |
| 2003-12-31 | CA$6.17 Billion ≈ $4.47 Billion |
CA$1.91 Billion ≈ $1.38 Billion |
0.309x | +9.53% |
| 2002-12-31 | CA$6.81 Billion ≈ $4.93 Billion |
CA$1.92 Billion ≈ $1.39 Billion |
0.282x | +61.13% |
| 2001-12-31 | CA$6.49 Billion ≈ $4.69 Billion |
CA$1.14 Billion ≈ $821.04 Million |
0.175x | -32.99% |
| 2000-12-31 | CA$6.59 Billion ≈ $4.77 Billion |
CA$1.72 Billion ≈ $1.24 Billion |
0.261x | -- |
About TC Energy Corp
TC Energy Corporation operates as an energy infrastructure company in Canada, the United States, and Mexico. It operates through four segments: Canadian Natural Gas Pipelines; U.S. Natural Gas Pipelines; Mexico Natural Gas Pipelines; and Power and Energy Solutions. The company builds and operates a network of 94,171 kilometers of natural gas pipelines, which transports natural gas from supply bas… Read more