TC Energy Corp (TRP) — Working Capital to Net Assets Ratio
TC Energy Corp (TRP) has a Working Capital to Net Assets ratio of -9.9% as of March 2026. Working capital of CA$-3.67 Billion (current assets of CA$6.83 Billion minus current liabilities of CA$10.50 Billion) is measured against net assets of CA$37.16 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See TC Energy Corp balance sheet quality to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
TC Energy Corp Working Capital to Net Assets (2000–2025)
This chart shows how TC Energy Corp's Working Capital to Net Assets ratio has evolved across 26 annual periods from 2000 to 2025. As of March 2026, the ratio stands at -9.9%, reflecting working capital of CA$-3.67 Billion against net assets of CA$37.16 Billion CAD. Check TC Energy Corp tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for TC Energy Corp (2000–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for TC Energy Corp from 2000 to 2025, covering 26 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see TRP company net worth.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -9.9% | CA$-3.64 Billion | CA$36.90 Billion | CA$6.32 Billion | CA$9.96 Billion | ▲ +2.6 pp |
| 2024 | -12.5% | CA$-4.78 Billion | CA$38.36 Billion | CA$5.73 Billion | CA$10.51 Billion | ▼ -11.3 pp |
| 2023 | -1.1% | CA$-445.00 Million | CA$39.01 Billion | CA$11.37 Billion | CA$11.82 Billion | ▲ +26.9 pp |
| 2022 | -28.1% | CA$-9.57 Billion | CA$34.12 Billion | CA$7.33 Billion | CA$16.91 Billion | ▼ -11.2 pp |
| 2021 | -16.8% | CA$-5.62 Billion | CA$33.40 Billion | CA$7.42 Billion | CA$13.04 Billion | ▲ +3.5 pp |
| 2020 | -20.3% | CA$-6.79 Billion | CA$33.47 Billion | CA$5.20 Billion | CA$11.99 Billion | ▼ -4.1 pp |
| 2019 | -16.2% | CA$-5.25 Billion | CA$32.40 Billion | CA$7.65 Billion | CA$12.90 Billion | ▲ +9.0 pp |
| 2018 | -25.2% | CA$-7.81 Billion | CA$30.99 Billion | CA$5.13 Billion | CA$12.95 Billion | ▼ -5.9 pp |
| 2017 | -19.3% | CA$-5.20 Billion | CA$26.89 Billion | CA$4.68 Billion | CA$9.88 Billion | ▼ -20.9 pp |
| 2016 | 1.6% | CA$404.00 Million | CA$25.98 Billion | CA$8.08 Billion | CA$7.68 Billion | ▲ +20.4 pp |
| 2015 | -18.9% | CA$-3.44 Billion | CA$18.24 Billion | CA$3.92 Billion | CA$7.36 Billion | ▲ +0.7 pp |
| 2014 | -19.6% | CA$-4.04 Billion | CA$20.65 Billion | CA$3.54 Billion | CA$7.58 Billion | ▼ -8.6 pp |
| 2013 | -11.0% | CA$-2.21 Billion | CA$20.14 Billion | CA$3.15 Billion | CA$5.36 Billion | ▲ +5.7 pp |
| 2012 | -16.7% | CA$-3.06 Billion | CA$18.34 Billion | CA$2.82 Billion | CA$5.88 Billion | ▼ -3.5 pp |
| 2011 | -13.2% | CA$-2.41 Billion | CA$18.26 Billion | CA$3.11 Billion | CA$5.52 Billion | ▲ +0.3 pp |
| 2010 | -13.6% | CA$-2.42 Billion | CA$17.88 Billion | CA$3.24 Billion | CA$5.66 Billion | ▼ -3.1 pp |
| 2009 | -10.5% | CA$-1.77 Billion | CA$16.93 Billion | CA$3.17 Billion | CA$4.95 Billion | ▲ +0.6 pp |
| 2008 | -11.1% | CA$-1.56 Billion | CA$14.09 Billion | CA$3.60 Billion | CA$5.16 Billion | ▼ -4.3 pp |
| 2007 | -6.8% | CA$-730.06 Million | CA$10.78 Billion | CA$2.31 Billion | CA$3.04 Billion | ▲ +4.3 pp |
| 2006 | -11.1% | CA$-896.74 Million | CA$8.07 Billion | CA$2.09 Billion | CA$2.99 Billion | ▲ +9.2 pp |
| 2005 | -20.3% | CA$-1.55 Billion | CA$7.60 Billion | CA$1.57 Billion | CA$3.11 Billion | ▲ +3.7 pp |
| 2004 | -24.0% | CA$-1.65 Billion | CA$6.88 Billion | CA$1.10 Billion | CA$2.75 Billion | ▼ -7.3 pp |
| 2003 | -16.8% | CA$-1.04 Billion | CA$6.17 Billion | CA$1.20 Billion | CA$2.23 Billion | ▼ -1.1 pp |
| 2002 | -15.7% | CA$-1.07 Billion | CA$6.81 Billion | CA$1.18 Billion | CA$2.25 Billion | ▼ -1.8 pp |
| 2001 | -13.9% | CA$-899.00 Million | CA$6.49 Billion | CA$1.33 Billion | CA$2.23 Billion | ▼ -0.7 pp |
| 2000 | -13.2% | CA$-868.00 Million | CA$6.59 Billion | CA$5.38 Billion | CA$6.25 Billion | — |