TC Energy Corp (TRP) — Financial Flexibility Index
TC Energy Corp (TRP) has a Financial Flexibility Index of 0.04x as of March 2026. Free cash flow of CA$3.67 Billion (operating CF CA$2.60 Billion minus capex CA$1.07 Billion) represents 0% of total liabilities (CA$83.67 Billion). Check TC Energy Corp (TRP) total reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
TC Energy Corp Financial Flexibility Index (2000–2025)
Historical Financial Flexibility Index trend for TC Energy Corp across 26 annual periods. For the full cash flow conversion analysis, see TRP cash generation efficiency.
Annual Financial Flexibility Index for TC Energy Corp (2000–2025)
Year-by-year free cash flow to debt coverage for TC Energy Corp. Explore TC Energy Corp cash flow to debt ratio to assess how comfortably operating cash covers total debt obligations.
| Year | Flexibility Index | Free Cash Flow (CAD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.15x | CA$12.62 Billion | CA$7.35 Billion | CA$81.85 Billion | ▼ -12.4% |
| 2024 | 0.18x | CA$14.05 Billion | CA$7.70 Billion | CA$79.88 Billion | ▼ -1.8% |
| 2023 | 0.18x | CA$15.42 Billion | CA$7.27 Billion | CA$86.03 Billion | ▲ +9.7% |
| 2022 | 0.16x | CA$13.10 Billion | CA$6.38 Billion | CA$80.23 Billion | ▼ -9.7% |
| 2021 | 0.18x | CA$12.81 Billion | CA$6.89 Billion | CA$70.82 Billion | ▼ -20.4% |
| 2020 | 0.23x | CA$15.19 Billion | CA$7.06 Billion | CA$66.83 Billion | ▼ -0.4% |
| 2019 | 0.23x | CA$15.26 Billion | CA$7.08 Billion | CA$66.88 Billion | ▼ -5.9% |
| 2018 | 0.24x | CA$16.47 Billion | CA$6.55 Billion | CA$67.93 Billion | ▲ +12.5% |
| 2017 | 0.22x | CA$12.76 Billion | CA$5.23 Billion | CA$59.21 Billion | ▲ +29.0% |
| 2016 | 0.17x | CA$10.37 Billion | CA$5.07 Billion | CA$62.07 Billion | ▼ -12.3% |
| 2015 | 0.19x | CA$8.81 Billion | CA$4.38 Billion | CA$46.24 Billion | ▼ -13.3% |
| 2014 | 0.22x | CA$8.42 Billion | CA$4.08 Billion | CA$38.29 Billion | ▼ -11.9% |
| 2013 | 0.25x | CA$8.43 Billion | CA$3.67 Billion | CA$33.76 Billion | ▲ +21.4% |
| 2012 | 0.21x | CA$6.17 Billion | CA$3.57 Billion | CA$30.00 Billion | ▼ -3.6% |
| 2011 | 0.21x | CA$6.20 Billion | CA$3.69 Billion | CA$29.08 Billion | ▼ -24.6% |
| 2010 | 0.28x | CA$8.12 Billion | CA$3.08 Billion | CA$28.70 Billion | ▼ -9.5% |
| 2009 | 0.31x | CA$8.41 Billion | CA$2.99 Billion | CA$26.91 Billion | ▲ +32.4% |
| 2008 | 0.24x | CA$5.97 Billion | CA$2.84 Billion | CA$25.32 Billion | ▲ +2.8% |
| 2007 | 0.23x | CA$4.49 Billion | CA$2.84 Billion | CA$19.55 Billion | ▲ +12.3% |
| 2006 | 0.20x | CA$3.65 Billion | CA$2.07 Billion | CA$17.84 Billion | ▲ +27.1% |
| 2005 | 0.16x | CA$2.66 Billion | CA$1.90 Billion | CA$16.51 Billion | ▲ +10.6% |
| 2004 | 0.15x | CA$2.26 Billion | CA$1.73 Billion | CA$15.55 Billion | ▼ -8.0% |
| 2003 | 0.16x | CA$2.30 Billion | CA$1.91 Billion | CA$14.53 Billion | ▼ -17.7% |
| 2002 | 0.19x | CA$2.52 Billion | CA$1.92 Billion | CA$13.11 Billion | ▲ +59.0% |
| 2001 | 0.12x | CA$1.63 Billion | CA$1.14 Billion | CA$13.46 Billion | ▼ -9.5% |
| 2000 | 0.13x | CA$2.53 Billion | CA$1.72 Billion | CA$18.96 Billion | — |